Proposed Finance Tax the Wrong Way to Go for Europe

in Market Commentary by

[dropcap]A[/dropcap] financial transactions tax (FTT) in Europe would almost certainly hinder market liquidity. It’s definitely an easy sell for politicians—they can target financial firms and the wealthy would carry a much larger share of the burden. But do we really want to make it more expensive for financial firms and banks to operate? Financial firms are already somewhat frozen in fear. Further uncertainty around costs can’t help.

The Wrong Tax for Europe

Read the entire article on Project Syndicate.

The following two tabs change content below.
Daily Capital
We at Personal Capital have one goal in mind: to build a better money management experience for consumers. That’s why we’re blending cutting edge technology with objective financial advice. We believe this is the best way to empower individuals and their money. Subscribe to our blog and join our empowered financial community.

Leave a Reply

Your email address will not be published.

Disclaimer. This Website may contain links to third-party websites. These links are provided solely as a convenience to you and does not imply an affiliation, sponsorship, endorsement, approval, investigation, verification, or monitoring by PCAC of the contents on such third-party websites. Please be advised that PCAC is not responsible for the content of any website owned by a third party.