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Germany Loses Bid for Tax

March 29, 2012 1 minute Read by Four Percent

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