EU Countries Eye Pension Plans' Role In Transaction Tax

Law360 (July 25, 2019, 1:18 PM EDT) -- A group of European Union countries seeking a financial transaction tax are due to meet Friday to iron out issues, such as how pension products will be treated, a German government spokeswoman confirmed to Law360 Thursday.

The meeting comes a few months before participating countries are expected to reach agreement on the tax. In June, German Finance Minister Olaf Scholz told his colleagues it was highly likely that a deal on the financial transaction tax would come in the fall.

Earlier Thursday, a European insurance association said in a letter to participating countries that pension products should not be included in...

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