AFME warns a financial-transaction tax would slow economy

AFME, a free-market think tank and other groups warned about the consequences of a proposal from France and Germany to tax financial transactions. "The financial-services industry should not be seen as an additional source of tax revenue but as an essential part of a stable and sustainable economy," AFME said. A "tax would be a brake on economic growth." The Adam Smith Institute said the tax could cause more market volatility. Meanwhile, the Swedish and Dutch governments distanced themselves from the proposal.

View Full Article in:

Bloomberg · City A.M. (London) · Irish Times (Dublin), The · Global Financial Strategy · Wall Street Journal, The · Reuters

Published in Brief: