Could An EU Transaction Tax Pose A Bigger Threat To Traders Than Brexit?

Moderator: moderators

kreslik.news
rank: 5000+ posts
rank: 5000+ posts
Posts: 5142
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

Could An EU Transaction Tax Pose A Bigger Threat To Traders Than Brexit?

Postby kreslik.news » Thu Apr 07, 2016 8:15 am


Talks among 10 European countries for a financial transaction tax have dragged on since 2011 as the countries involved have struggled to agree what instruments should be covered and at which tax rate. However, Germany and France continue to lead efforts to create the tax which is supposed to help recover public funds used to bail out banks during the financial crisis, while curbing speculative trading. This has posed the question, could this be a bigger threat to financial markets than Brexit?

The countries involved in developing a tax on financial transactions is regarded by some as a prospect so alarming ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”