Estonia wants the EU financial transaction tax to be analyzed

  • 2012-10-04

TALLINN - Estonian Finance Minister Jurgen Ligi will turn to the European Commission in connection with the financial transaction tax since he wants its influence to be analyzed, Public Broadcasting reports.

The European Union has approved of the financial transaction tax but many states have confirmed that they do not agree with it.

Estoniahas carefully expressed that it rather supports the tax but the government said that it is not clear what the effects of the tax on EU competitiveness would be.

In the application sent to the European Commission, the recommendation is made to present to the EU council a proposal of more effective cooperation on financial transaction taxation.