AFME calls for study of effects of financial-transaction tax

06/9/2011 | Global Financial Strategy · City A.M. (London)

AFME said the European Commission should assess the effects of a tax on financial transactions before implementation. "Calls for a financial-transaction tax are being made against the backdrop of several significant new taxes or levies already being introduced by individual member states," said Simon Lewis, CEO of AFME. "Before raising new taxes on the sector, policymakers need to have accurate data about the tax contribution it is already making, to avoid making decisions in the dark."

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Global Financial Strategy · City A.M. (London)

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