Global transaction tax is possible, EU official says

02/26/2013 | Bloomberg · Reuters · Trade News (U.K.), The

EU Tax Commissioner Algirdas Semeta says a global tax on financial transactions eventually should be a reality, as he encouraged US supporters to continue their efforts. The US Treasury Department remains opposed. SIFMA's Payson Peabody says the organisation thinks such a levy could harm US investors. Meanwhile, the head of the Lisbon Stock Exchange has called on the Portuguese government to oppose Europe's proposed tax until all EU members support it.

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Bloomberg · Reuters · Trade News (U.K.), The

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