The Economic and Financial Affairs Council of the EU (ECOFIN) received an update from the ten Member States participating in the enhanced cooperation procedure, regarding the introduction of a financial transaction tax (FTT). The update discusses the introduction of a French modelled FTT and the possible mutualisation of the revenues received among the participating Member States, as a contribution to the EU budget.
The Member States participating in the enhanced cooperation procedure are Austria, Belgium, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain.
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