Bloomberg News

Schaeuble Says May Introduce Transaction Tax in Germany

October 12, 2011

(Updates with Schaeuble comment in second paragraph.)

Oct. 12 (Bloomberg) -- German Finance Minister Wolfgang Schaeuble said he may introduce a transaction tax in Germany as a measure of last resort if agreement can’t be reached on such a move in the euro region, the European Union or at the global level. Schaeuble made his comments today in Berlin.

Schaeuble later said there’s no agreement in Chancellor Angela Merkel’s coalition, which includes the Free Democratic Party, on the areas in which a transaction tax would be applied, adding that there’s resistance against the proposal in the state of Hesse, home of the Frankfurt stock exchange, which is led by Merkel’s Christian Democratic Union.

To contact the reporter on this story: Rainer Buergin in Berlin at rbuergin1@bloomberg.net

To contact the editor responsible for this story: Leon Mangasarian at lmangasarian@bloomberg.net


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