Turkish PM Erdogan returning Jewish American award
Quake shakes Mexico's Gulf coast
China investigating Microsoft in monopoly case
Airport in Russia's St. Petersburg evacuated
Renault profits rise thanks to cost cuts
German minister: best for Snowden to return to US
Pope to visit Sri Lanka, Philippines Jan. 12-19
IMF approves new $5B credit line for Morocco
Madagascar billed as surfing paradise
China: Ex-security czar Zhou under investigation
Center of main rebel city in Ukraine hit by shells
Nigerian weightlifting winner fails doping test
Kosovo prosecutor suspects some killed for organs
McDonald's Japan to strengthen checks on chicken
Passengers stuck in Hawaii for 3 nights get cash
Lonely Londoners looking to open up to strangers
Egypt military kills 7 militants in volatile Sinai
Teen survivors haunted by S. Korean ferry sinking
BP warns of impact of Russia sanctions on profits
Australia plans to arrest 2 Middle East fighters
Nepal to allow cremation of Tibetan Buddhist monk
China to put Glaxo investigators on trial Aug. 8
Synagogue in Germany attacked
Death toll rises to 23 in Philippine road attack
Suicide bomber kills Afghan president's cousin
Iran leader calls for arming Gaza to fight Israel
EU envoys meeting on tougher Russia sanctions
Swiss bank UBS settles German case as profits rise
Israel targets symbols of Hamas control in Gaza
Overnight bombardment shakes Gaza

World News
News from the region's first prime-time newscast. You'll find it First On Fox!

Austria says 11 EU nations have agreed to tax financial transactions from 2016 onward

Reported by: Associated Press
Reported: Tuesday, May 6, 2014 5:37 AM EDT

Austria's finance minister says 11 European Union countries have agreed to introduce a financial transaction tax from 2016 onward.

Michael Spindelegger says they will now work to overcome remaining practical hurdles to finalize the legislation by the end of this year.

The group — including Germany, France and Italy — is set to inform the 17 EU countries not participating at a finance ministers' meeting in Brussels Tuesday of the decision.

European officials started pushing for the tax following the 2008-09 financial crisis to curb speculation and claw back revenues after government bailouts of banks.

The levy's scope won't be as broad as supporters initially hoped, focusing on taxing stock and derivatives trading.

The EU estimates a broad levy could yield 30 billion euros in annual tax revenues.


Tonight at 8:30 PM

Full Boyle
Jake intervenes in Detective Boyle's relationship; Rosa and Amy contend with a citizen who is a costumed crime-fighter; Capt. Holt has a new opponent

Get 1/2 price gift certificates

Find us on Facebook