Merkel considers retreat over Tobin tax

A report suggests Germany could move to favour a European Union-wide version of the UK's stamp duty to win over David Cameron

German chancellor Angela Merkel could be considering a strategic retreat on plans for a financial transactions tax, as part of a move to win around UK prime minister David Cameron.

Merkel is said to be considering a European Union-wide version of the UK's stamp duty tax as a compromise, according to a Bloomberg news report.

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