Financial transaction tax might impose this month: France

PARIS : France will decide to levy financial transaction tax by the end of this month to set a wise example for Europ

Published January 6, 2012 Updated January 6, 2012 12:42pm

2 min

By Muhammad Iqbal

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"There will be a decision on financial transaction taxes before the end of January as far as France is concerned," Henri Guaino, a special adviser to Sarkozy, told BFMTV news channel. "France will set the example on this issue," he said.

Asked if Paris was prepared to put in place transaction taxes even if Germany did not do so, Guaino said: "It is better if Germany is involved."

"We will keep discussing it in the coming days and weeks, but France is ready to take the lead on this issue and hopes it can bring others along," he said.

When asked about the French position on a so-called Tobin tax, German government spokesman Steffen Seibert told reporters, "The German position has been the same for a long time.

"We would like to see a global financial transaction tax but that is not possible at the present time.The German government would thus aim to introduce the financial transaction tax within the EU."

He noted that Finance Minister Wolfgang Schaeuble said in December that Germany and France wanted to size up the situation within the EU in the first weeks or months of this year by assessing how much support such a tax had.

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