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    EU lawyers say financial transaction tax plan is illegal

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    euronews (in English)

    by euronews (in English)

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    A plan to tax financial transactions in 11 European Union countries from next year has hit a major snag.

    EU lawyers said that as currently proposed the measure breaks treaties and international tax law and would distort competition so it is illegal.

    ...
    http://www.euronews.net/