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Financial transaction tax faces delay

  • 2013-01-09
  • From wire reports
VILNIUS - Lithuania postponed plans to adopt a European Union financial-transaction tax, saying Nordic lenders with local subsidiaries in the Baltic nation question the move, reports Bloomberg. “We’ve decided to delay the decision to examine the many questions raised about what will be taxed and how it will affect the local units of foreign banks,” Prime Minister Algirdas Butkevicius said on Jan. 4 in Vilnius. “I’ll be traveling to Sweden to meet with banks’ top management.”Butkevicius had said Dec. 14, the day after he took office, that Lithu...
 
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