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„Financial Transaction Tax Could Cause Recession“
People ♦
Published: February 14, 2012; 19:48 ♦ (Vindobona)
According to the CEO of Vienna Stock Exchange, Michael Buhl, a financial transaction tax would cost productivity at enterprises.
„Financial Transaction Tax Could Cause Recession“ / Picture: © Wiener Börse AG / VSE Vienna Stock Exchange
The Austrian government expects the introduction of a financial transaction tax on EU level by 2014. Tax intake should rise by € 500m per year. However, a decision is still missing. Talks over the introduction will start in March. Anyway, the dividing lines are already clear. Germany, France, Italy, Belgium and Austria are in favor of the tax. Conversely, the British government…
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