France and Austria sought to break deadlocked talks with nine other European countries for a financial transaction tax, by proposing a broader financial transaction tax with a lower rate, in an attempt to push forward delayed plans for a European Union financial transactions tax with eight other member states.
11 member states had committed to develop an FTT, but Slovenia is thought to have dropped out of the talks, having not signed a joint statement in May 2014. This statement committed to the implementation of the levy, which was to be limited to shares and some derivatives, from January 1, 2016.
