According to an announcement published by the Austrian Ministry of Finance, the Finance Ministers of Austria and Germany have agreed to timetable for the introduction of an EU financial transactions tax (FTT). The tax on equities would be introduced from 2016 and the tax on other transactions including bonds from 2017. The tax would be levied at a rate of 0.1% for equities and bonds, and 0.01% for derivatives. The FTT would apply for any investor or company conducting such financial transacti…