Trade bodies slam EU's FTT as 'tax on family savings'

Dale, Samuel
May 2013
Money Marketing (Online Edition);5/23/2013, p2
The article reports on a warning by British Bankers' Association (BBA), EEF and Confederation of British Industry (CBI) that mortgage costs will be increased by the financial transaction tax levied by the European Union (EU). It is noted that a 0.1% tax on share and bond transactions will be introduced by EU countries on January 1, 2014.


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