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Germany, France Push for 0.2% Tax on European Stock Trades (1)

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(Bloomberg) --

Stock buyers in Europe would pay a transaction tax of at least 0.2 percent of the purchase price under a plan set out by Germany and France.

The two countries are trying to kick-start talks on the tax, which have dragged on for more than seven years, as part of their efforts to strengthen the euro area. Their latest draft proposal holds out the possibility of directing revenue from the levy into a euro-area budget. Some degree of revenue sharing among participating countries is also foreseen, a point that could help sway smaller countries to ...