The UK is said to have killed the proposals stone dead, and the mood has been reported to be 'very nasty'.
The UK and Luxembourg had pledged to fight the tax plans, with the deadlocked outcome widely expected.
However, Luxembourg appears to have agreed to a compromise proposal, which was then blocked by the UK government.
The UK government has suggested it might agree to a withholding tax, but only if the institutional bond market is exempt - which is worth $3 trillion, and largely based in London.
Geoengineering on the sea floor near glaciers would form a new ice shelf to prevent melting
Alterations in capillary blood flow can be caused by body position change
Curiosity rover is in 'normal mode' but not transmitting scientific data back to base
NatWest outage comes a day after Barclays' IT systems shut out customers and staff