Opposition mounts against European transaction tax

04/8/2013 | Reuters · Financial Times (tiered subscription model)

Eleven eurozone nations are planning to introduce a tax on financial transactions in January, but they are facing significant opposition from market participants. Opponents say the tax would hurt the economy, cause upheaval in the financial-services industry and hit investors. The repurchase-agreement industry has ramped up opposition with a report challenging motives behind the levy.

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Reuters · Financial Times (tiered subscription model)

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