EU Financial Transactions Tax will cause serious economic damage

Slapping 0.1% on all financial transactions (and 0.01% on derivatives) seems like an easy win for governments, given the enormous size of the market. But in practice when you tax something as mobile as money it will simply flee to a lighter jurisdiction, as the Swedes discovered when they tried the same trick in the late 1980s.

Visibility: 

Main blog

Read the full blog post here

Source: http://www.iea.org.uk/blog/eu-financial-transactions-tax-will-cause-serious-economic-damage

uk retirement drawdown state pension forecast uk state pension pension lump sum