Herman Van Rompuy wants FTT revenue earmarked for EU budget
20 November 2012
Salman Shaheen - ITR
EU Council President Herman Van Rompuy has said that he wants most of the revenue from the financial transaction tax (FTT) to go directly to the EU budget.
Now that 11 countries have
requested to move ahead with the
FTT under enhanced cooperation, the new tax is looking like
an increasing certainty.
But Van Rompuy's paper sent to
European governments ahead of the EU budget summit this week,
calling for two-thirds of FTT revenue to be set aside for the
EU budget, may cause fresh frictions.
The Netherlands, for...
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