Bloomberg News

German FDP Sets New Conditions for Transaction Tax, Welt Says

June 06, 2012

The Free Democratic Party, the junior partner in Chancellor Angela Merkel’s coalition, would support the introduction of a financial transaction tax providing it doesn’t undermine Germany as a financial location, deputy parliamentary chief Volker Wissing told Die Welt.

The FDP wouldn’t back any proposals for a transaction tax, demanded by the opposition parties in Germany’s parliament, that would hurt the real economy, domestic savers or retail investors, the newspaper cited Wissing as saying.

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

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net


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