Short Germany, warns: Will do everything to prevent this financial transaction tax

He would be "careful not to schedule the potential revenue from financial transaction tax now," said Briefly to the newspaper "the world" from the Monday. F

Short Germany, warns: Will do everything to prevent this financial transaction tax

He would be "careful not to schedule the potential revenue from financial transaction tax now," said Briefly to the newspaper "the world" from the Monday. Federal Finance Minister Olaf Scholz (SPD) is expecting to 1.5 billion euros a year from the new tax. On Friday it became known that Scholz has created a new unit with a staff of five, to the Federal Central office for taxes in Bonn, 20-new plan to come. In addition, the revenues for the financing of the basic pension are planned.

"I'm not sure that the German-French proposals for a financial transaction tax, also represented by Mr. Scholz, to enforce as," stressed Short now. "We will do everything to prevent that from happening."

"Want to tax the speculators, not savers"

would have to do The plans of Berlin and Paris with the initial proposals from a number of EU countries nothing more to criticized Short. "We are, however, highly speculative transactions and derivatives of a financial transaction tax, to exclude and to punish, instead, the real economy and the small investors. We want to tax the speculators, not savers, who invest in times of a low interest rate policy for retirement savings in equities.“

On a financial transaction tax (FTT) on the EU level since 2011, negotiated. Among the States, there was no majority. Some countries tried to levy by "deeper cooperation" to introduce. Scholz had presented his EU counterparts with a proposal. The provides that in the case of stock purchases, a tax of 0.2 percent is obtained. So far, not all financial transactions are taxed.

In the "FFT group" represented were Germany, Austria, Belgium, France, Greece, Italy, Portugal, Slovakia, Slovenia and Spain.

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pom/dpa
Date Of Update: 03 February 2020, 10:00
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