Transaction taxes aren't meeting expectations, report says

03/26/2013 | City A.M. (London)

Data from TMF Group show that Europe's financial-transaction taxes have reined in market activity but have fallen short in terms of the amount raised. Hungary's tax has pulled in less than half of what was expected. France is experiencing a similar return. Italy's tax launched only this month, but TMF says it has already shrunk trading volume 38%.

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City A.M. (London)

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