"Neither at international nor EU level is there a sustainable consensus on a financial transactions tax. According to the European Commission's current plans, avoidance of the tax to the detriment of the affected financial markets would be countered by a very broadly defined "principle of location". There are considerable doubts, from both a legal and a practical perspective, whether an approach of this kind can succeed in preventing avoidance action at the expense of countries subject to the tax."
Press release
© BDB - Bundesverband Deutscher Banken
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article