Slovenia Resolves Financial Transaction Tax

BusinessEconomy ♦ Published: October 9, 2012; 23:10 ♦ (Vindobona)

The Slovenian government wants to introduce a 6.5% tax on securities trading. The financial industry criticizes the government massively.

Slovenia Resolves Financial Transaction Tax / Picture: ©

Next year, Slovenia will implement a financial transaction tax. Not only securities trading, but also financial services should be taxed. Opponents say that banks will pass on the tax to their customers.

Next year the Slovenian budget deficit will decrease to 2.9% of GDP, the government says. This corresponds to € 1.0bn. In order to fulfill the Maastricht Criteria, the…