[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
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