EU Financial Transaction Tax Shaken as Race for London Jobs Intensifies

[kreslik.news]

London’s bankers have been outspoken about their plans to leave London in light of the Brexit process that is being prepared by the UK government. As they contemplate the move, the European Union is considering a financial transaction tax.

Over the weekend, reports that the effort – which is limited to 10 countries in the EU – has stalled are making the race for London’s financial sector jobs more intense. Some of the main contenders for a new European financial hub are immune from the risks of a financial transaction tax – Dublin, Copenhagen and Amsterdam.

The position of Paris and Frankfurt could be ... (read more)