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Austria confirms planned EU transaction tax of 0.1 per cent
Sep 28, 2011, 10:18 GMT
Vienna - Austrian Chancellor Werner Faymann confirmed Wednesday that a proposed EU tax on financial transactions would impose a levy of 0.1 per cent on shares and bonds and 0.01 per cent on derivatives
The statement confirmed information provided earlier by EU sources.
The Social Democratic politician welcomed the plan, unveiled by European Commission President Jose Manuel Barroso in his annual State of the Union speech before the European Parliament in Strasbourg, France.
'Finally, the financial markets will do their part to stabilize national budgets,' he said.
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