US Chamber head notes issues with transaction tax, regulation

04/24/2013 | Risk.net (subscription required)

Thomas Donohue, head of the US Chamber of Commerce, has expressed doubt about Europe's proposed tax on financial transactions and has voiced concern about regulatory changes. The US "will not allow the [tax] to happen", Donohue said at the City Week 2013 conference in London. He also calls for more international coordination on financial regulation.

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