Financial Transaction Tax Could Impact EU’s GDP

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The proposed Financial Transaction Tax (FTT) would negatively impact the European Union’s GDP, according to a recent review report from PwC. Pricewaterhouse Coopers LLP has been commissioned by Futures and Options Association to produce an independent literature review of FTT. In its review report, PwC points out households and non-financial businesses could also be impacted by the proposed FTT. EU-11’s Financial transaction tax proposal European Commission tabled an initial proposal in 2011 for implementing a harmonized Financial Transaction Tax in the EU to cover a wide range of financial transactions. Eleven member states, known as EU-11 were granted permission to…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports