An EU-wide tax on financial transactions should finally become reality as the bloc seeks to fill the hole in its budget left by Britain’s departure, German Finance Minister Olaf Scholz said in an interview with Der Spiegel magazine published on Saturday. [...]
Scholz noted the idea of using a financial transaction tax to bolster the EU budget had been raised by French President Emmanuel Macron. He suggested it could raise between €5 billion and €7 billion.
Scholz also said it was “right and proper” to think about how revenue earned by internet companies in Europe should be taxed, but stopped short of endorsing an EU-wide digital tax — another idea advanced by Macron.
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