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Jan 22, 2013 20:18 Moscow Time

The finance ministers of 11 European Union countries supported the idea of a financial transactions tax at a meeting in Luxemburg on Tuesday.

The agreement is yet to be finalized, but the key principles have already been formulated – a tax rate of 0.1% on transactions involving equities and bonds, and 0.01% on derivatives, EU Tax Policy Commissioner Algirdas Semeta told reporters after the meeting.

Governments failed to agree to impose the new tax across the entire Union due to opposition from Britain and 15 other member states.

Voice of Russia, TASS, BBC


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