Editorial: Obama opposes European transaction tax

02/15/2013 | Wall Street Journal, The

The White House has voiced opposition to a proposed tax on financial transactions, such as stocks, bonds and derivatives, in 11 European nations. Concerns include how the levy would affect the economy, its cross-border reach and double taxation. "The Obama Administration is right to oppose the tax on grounds that it will punish American investors," according to this editorial.

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