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Germany Loses Bid for Tax

William Boston and Beat Preuschoff, The Wall Street Journal BERLIN—Germany appears to have accepted defeat in its efforts to convince other...

William Boston and Beat Preuschoff, The Wall Street Journal BERLIN—Germany appears to have accepted defeat in its efforts to convince other European countries to impose a kind of sales tax on financial transactions in the European Union or in the smaller euro zone, possibly putting up an obstacle to ratifying the permanent euro-zone bailout fund in Parliament. "The probability of imposing an EU-wide financial-transaction tax is very slim," German Finance Minister Wolfgang Schäuble told a gathering of conservative lawmakers on Tuesday, according to a person in the meeting. He also said that introducing the tax in the euro zone alone "would be no easier." Read More