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Stock Exchange opposes government’s attempt policy regarding introduction of transaction tax

Published: May 20, 2010; 00:00 · (Vindobona)

Austria Stock Exchange expresses vehement discontent with the Austrian government’s intention to introduce the transaction costs in a solo attempt.

“A financial transaction tax should only be introduced on a European level, since otherwise trade activities will be shifted to countries, which do not impose this tax. The Austrian stock market may loose two third of activity, since that volume is traded by foreign players. The shift of assets into foreign markets would be a significant setback for the transparency of the Austrian…

This article includes a total of 123 words.

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