ECJ: United Kingdom v Council of the EU (financial transaction tax)
30 Apr 2014
United Kingdom
1 min read
ECJ has dismissed the action brought by the UK against the decision authorising eleven Member States to establish enhanced cooperation in the area of financial transaction tax, saying that it does no more than authorise the establishment of enhanced cooperation, but does not contain any substantive element on the tax itself. ECJ adds that the contested decision contains no provision on the issue of expenditure linked to the implementation of enhanced cooperation and therefore the issue could not be examined before the introduction of the tax.
