{"id":81894,"date":"2018-06-10T13:16:16","date_gmt":"2018-06-10T13:16:16","guid":{"rendered":"http:\/\/www.bnreport.com\/scholz-timing-is-good-for-eu-financial-transaction-tax\/"},"modified":"2018-06-10T13:16:16","modified_gmt":"2018-06-10T13:16:16","slug":"scholz-timing-is-good-for-eu-financial-transaction-tax","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/","title":{"rendered":"Scholz: Timing is good for EU financial transaction tax"},"content":{"rendered":"

An EU-wide tax on financial transactions should finally become reality as the bloc seeks to fill the hole in its budget left by Britains departure, German Finance Minister Olaf Scholz said in an interview<\/a> with Der Spiegel magazine published on Saturday.<\/p>\n

Scholz also expressed confidence that Italys new populist government would be pro-euro and suggested its economic policies would be constrained by financial reality. And he expressed support for the creation of a eurozone-wide unemployment insurance system.<\/p>\n

Previous attempts to introduce a financial transaction tax have floundered but Scholz said the \u201ctiming is good\u201d for considering such a measure as the EU negotiates<\/a> its budget for the years 2021-2027.<\/p>\n

\u201cThere is a significant revenue shortfall because the U.K.s financial contributions will soon be missing because of Brexit,\u201d Scholz said. \u201cWe are also discussing the creation of an additional fund for investments. As such, it makes sense in this context to consider whether funding for these efforts should be collected at the European level.\u201d<\/p>\n

Scholz noted the idea of using a financial transaction tax to bolster the EU budget had been raised by French President Emmanuel Macron. He suggested it could raise between \u20ac5 billion and \u20ac7 billion.<\/p>\n

Scholz also said it was \u201cright and proper\u201d to think about how revenue earned by internet companies in Europe should be taxed, but stopped short of endorsing an EU-wide digital tax<\/a> \u2014 another idea advanced by Macron.<\/p>\n

Germany and Frances plans to strengthen the eurozone are not at odds with the new populist Italian government, Scholz said. The coalition reached in May between the far-right League and anti-establishment 5Star Movement has been vocally Euroskeptic, and originally wanted to<\/a> appoint an anti-euro economist as economy minister.<\/p>\n

Scholz said he believes Italian citizens are still pro-euro and pro-EU and that he is \u201chearing from Rome that they will continue to collaborate on the European project.\u201d<\/p>\n

Asked about the Italian governments plans to raise social spending and cut taxes, Scholz replied: \u201cThe amount a country can afford is determined by its financial possibilities. And these are, in turn, limited by its revenues.\u201d<\/p>\n

Read this next: Theresa May voices backing for abortion rights<\/a><\/em><\/h2>\n

Original Article<\/a><\/p>\n

[contf] [contfnew] <\/p>\n

<\/a><\/h5>\n","protected":false},"excerpt":{"rendered":"

An EU-wide tax on financial transactions should finally beco..<\/p>\n","protected":false},"author":1,"featured_media":81895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[50],"tags":[],"class_list":["post-81894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"yoast_head":"\nScholz: Timing is good for EU financial transaction tax - Business News Report<\/title>\n<meta name=\"description\" content=\"An EU-wide tax on financial transactions should finally beco..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scholz: Timing is good for EU financial transaction tax - Business News Report\" \/>\n<meta property=\"og:description\" content=\"An EU-wide tax on financial transactions should finally beco..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-10T13:16:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/06\/GettyImages-956481916-e1528539207120.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2000\" \/>\n\t<meta property=\"og:image:height\" content=\"1333\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"Scholz: Timing is good for EU financial transaction tax\",\"datePublished\":\"2018-06-10T13:16:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/\"},\"wordCount\":368,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/GettyImages-956481916-e1528539207120.jpg\",\"articleSection\":[\"Tech\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/\",\"name\":\"Scholz: Timing is good for EU financial transaction tax - Business News Report\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/GettyImages-956481916-e1528539207120.jpg\",\"datePublished\":\"2018-06-10T13:16:16+00:00\",\"description\":\"An EU-wide tax on financial transactions should finally beco..\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/GettyImages-956481916-e1528539207120.jpg\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/GettyImages-956481916-e1528539207120.jpg\",\"width\":2000,\"height\":1333},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/scholz-timing-is-good-for-eu-financial-transaction-tax\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629\",\"item\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Scholz: Timing is good for EU financial transaction tax\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"name\":\"Business News Report\",\"description\":\"Latest News on the World of Politics & Business\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\",\"name\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"contentUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/LOGO2.png\",\"width\":200,\"height\":50,\"caption\":\"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Business-NewsReport-328225811095934\\\/\",\"https:\\\/\\\/x.com\\\/BNReport\",\"https:\\\/\\\/www.instagram.com\\\/business.newsreport\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\",\"name\":\"infopal11\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/author\\\/infopal11\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Scholz: Timing is good for EU financial transaction tax - Business News Report","description":"An EU-wide tax on financial transactions should finally beco..","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/","og_locale":"en_US","og_type":"article","og_title":"Scholz: Timing is good for EU financial transaction tax - Business News Report","og_description":"An EU-wide tax on financial transactions should finally beco..","og_url":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/","og_site_name":"Business News Report","article_publisher":"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","article_published_time":"2018-06-10T13:16:16+00:00","og_image":[{"width":2000,"height":1333,"url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/06\/GettyImages-956481916-e1528539207120.jpg","type":"image\/jpeg"}],"author":"infopal11","twitter_card":"summary_large_image","twitter_creator":"@BNReport","twitter_site":"@BNReport","twitter_misc":{"Written by":"infopal11","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/#article","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/"},"author":{"name":"infopal11","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f"},"headline":"Scholz: Timing is good for EU financial transaction tax","datePublished":"2018-06-10T13:16:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/"},"wordCount":368,"commentCount":0,"publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/06\/GettyImages-956481916-e1528539207120.jpg","articleSection":["Tech"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/","url":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/","name":"Scholz: Timing is good for EU financial transaction tax - Business News Report","isPartOf":{"@id":"https:\/\/www.bnreport.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/#primaryimage"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/#primaryimage"},"thumbnailUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/06\/GettyImages-956481916-e1528539207120.jpg","datePublished":"2018-06-10T13:16:16+00:00","description":"An EU-wide tax on financial transactions should finally beco..","breadcrumb":{"@id":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/#primaryimage","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/06\/GettyImages-956481916-e1528539207120.jpg","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/06\/GettyImages-956481916-e1528539207120.jpg","width":2000,"height":1333},{"@type":"BreadcrumbList","@id":"https:\/\/www.bnreport.com\/en\/scholz-timing-is-good-for-eu-financial-transaction-tax\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0627\u0644\u0631\u0626\u064a\u0633\u064a\u0629","item":"https:\/\/www.bnreport.com\/en\/"},{"@type":"ListItem","position":2,"name":"Scholz: Timing is good for EU financial transaction tax"}]},{"@type":"WebSite","@id":"https:\/\/www.bnreport.com\/en\/#website","url":"https:\/\/www.bnreport.com\/en\/","name":"Business News Report","description":"Latest News on the World of Politics & Business","publisher":{"@id":"https:\/\/www.bnreport.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bnreport.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.bnreport.com\/en\/#organization","name":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a","url":"https:\/\/www.bnreport.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","contentUrl":"https:\/\/www.bnreport.com\/wp-content\/uploads\/2020\/12\/LOGO2.png","width":200,"height":50,"caption":"\u0628\u0632\u0646\u0633 \u0631\u064a\u0628\u0648\u0631\u062a \u0627\u0644\u0627\u062e\u0628\u0627\u0631\u064a"},"image":{"@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/","https:\/\/x.com\/BNReport","https:\/\/www.instagram.com\/business.newsreport"]},{"@type":"Person","@id":"https:\/\/www.bnreport.com\/en\/#\/schema\/person\/19d1c5a2dd7f60584a09de4a7805d68f","name":"infopal11","url":"https:\/\/www.bnreport.com\/en\/author\/infopal11\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/81894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/comments?post=81894"}],"version-history":[{"count":0,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/posts\/81894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media\/81895"}],"wp:attachment":[{"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/media?parent=81894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/categories?post=81894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bnreport.com\/en\/wp-json\/wp\/v2\/tags?post=81894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}