Tags: EU | EU | Global | Financial | Tax

France Says EU Wants Global Financial Tax

Thursday, 17 Jun 2010 02:21 PM

 

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French President Nicolas Sarkozy says European Union leaders will call for a a global tax on financial transactions.

He says the 27 leaders want the United States and others to back a tax at a Group of 20 summit of rich and emerging nations in Toronto next week — despite opposition from some nations.

It is unclear how exactly a global tax would work.

Sarkozy spoke Thursday at the 27-nation EU summit in Brussels.

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