Luxemburger Wort – Luxembourg lawmaker calls for clarity as Belgian support for FTT wavers

Luxemburger Wort – Luxembourg lawmaker calls for clarity as Belgian support for FTT wavers
A report that Deputy Laurent Mosar of Luxembourg’s Christian Social People’s Party has called on Luxembourg’s Ministry of Finance to confirm whether the Benelux countries have a “common position” on the controversial Financial Transaction Tax (FTT).   This was in reaction to news that Belgium and Slovakia were considering withdrawing their support of an FTT, partly over worry that it would have too great an impact on its pension funds and real economy.  The withdrawals would drop EU member participation below 9 countries, the minimum needed for passage of a pan-European FTT.