Prospects of an EU tax on financial transactions have been put into question by confusion on how it would work and a legal challenge by the UK.
A six-page-long memo drafted by civil servants in the EU Council last week - seen by EUobserver - indicates cooling enthusiasm among the 11 EU countries which supported the introduction of a financial transactions tax (FTT).
The officials say the FTT, which includes a 0.1 percent levy on bonds and shares and 0.01 percent on derivative pro...
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