German development minister against transactions tax

Germany’s new development minister said Saturday he opposed taxing financial transactions, putting him at odds with support for such a levy expressed earlier this year by Chancellor Angela Merkel.

“I am speaking out clearly against a tax on financial transactions which would be used to finance development aid,” said Dirk Niebel, a member of the pro-business Free Democrats who took up his post in October.

“It is already a stated position of the liberal party.”

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Posted in * Economics, Politics, * International News & Commentary, Economy, Europe, Germany, Stock Market, Taxes

One comment on “German development minister against transactions tax

  1. Kendall Harmon says:

    I always like it when good news comes from Europe.