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10/6/12

Finland's stand on transaction tax postponed

According to Yle sources, Finance Minister Jutta Urpilainen intends to inform a meeting of EU colleagues next week that the Finnish government has not be able to formulate a position on the issue of the financial transaction tax proposal. The decision to proceed in this manner was approved by the Cabinet's EU affairs council on Friday morning.

The two main government partners, the National Coalition and the Social Democratic Party, disagree over the proposed tax. The SDP wants Finland to take part in preparing for such a tax, while the National Coalition opposes such a move.

Read more: Finland's stand on transaction tax postponed | Yle Uutiset | yle.fi

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