10 Sep 2012

AFME comments on initiative by 11 EU states to introduce FTT

Simon Lewis, Chief Executive of the Association for Financial Markets in Europe, today issued the following statement on the initiative by 11 EU member states to introduce a Financial Transaction

Tax:

“The initiative by 11 EU member states to introduce an FTT is regrettable. It is likely to serve as another brake on economic growth, it is a highly inefficient way of raising tax, and given the negative impact on growth it could even reduce overall tax revenues in net terms. ” 

 

‐ENDS‐