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Tax on Securities’ Profits: Financial Industry in a Rage

Politics ♦ Published: October 28, 2010; 16:50 ♦ (Vindobona)

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The tax is targeted at the middle class, but it means especially an administrative burden and creates competitive disadvantages, according to the industry.

Tax on Securities’ Profits: Financial Industry in a Rage / Picture: © Wikimedia Commons / Bwag [CC BY-SA 4.0]

The tax is targeted at the middle class, but it means especially an administrative burden and creates competitive disadvantages, according to the industry.Since today, four days after the presentation of the new budget, the text of the law which abolishes the speculation term for securities’ profits is accessible to the public. Until November 17 the draft of the law is open to expert…