The Commission’s proposal to introduce a financial transactions tax will be discussed on Tuesday when the Minister for Economic Affairs and Interior, Margrethe Vestager, will lead her European colleagues through the third ECOFIN meeting during the Danish Presidency.
The 27 finance and economy ministers will consider a new recommendation for Hungary to improve their public finances and a suspension of commitments from the Cohesion Fund for Hungary. Furthermore, the ministers will discuss the Commission’s first Alert Mechanism Report.
When the 27 EU finance and economy ministers tomorrow sit down at the meeting table, they will amongst others discuss the Commission's much-discussed proposal to introduce a European Financial Transactions Tax - also known as a Tobin tax. The Danish Presidency has already had a number of technical discussions on the matter, which are yet to be completed.
Minister for Economic Affairs and the Interior, Margrethe Vestager says: "Tomorrow all 27 countries will have the opportunity to express their position on the proposal and to provide input for the further work. I expect that the discussion will once again highlight the wide range of positions on the introduction of a Financial Transactions Tax. I do not expect that we will draw any final conclusions at this meeting but we will return to the matter at an ECOFIN meeting towards the end of the Danish Presidency."
Press release
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