Bloomberg – EU Financial-Transaction Tax Said to Hit Roadblock Over Pensions

Bloomberg – EU Financial-Transaction Tax Said to Hit Roadblock Over Pensions
Alexander Weber and Nikos Chrysoloras report that the 10 European Union countries exploring a financial-transaction tax are struggling to agree on key parts of the plan, casting new doubt on the future of the project.  A task force working on possible exemptions for pension funds has so far failed to come up with a solution that satisfies all nations involved.  A general opt out for pension funds from the tax would have to be extended to insurance companies. Exempting insurance from the levy would mean that the revenue raised is too small to justify it.