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Transaction tax - OECD European solo attempt

Published: July 12, 2010; 00:00 · (Vindobona)

According to Jeffrey Owens, head of the OECD's tax department, a transaction tax only makes sense if it relates to the financial centres on a global scale.

Transaction tax - OECD European solo attempt / Picture: © Vindobona.org

A European solo attempt can not work.

The Organization for Economic Cooperation and Development (OECD) warned against the introduction of a financial transaction tax on Europe. "If there really is a financial transaction tax dealing with sums that are worth mentioning, then it would not work if introduced only in Europe" said Jeffrey Owens, head of the OECD's tax department,…

This article includes a total of 153 words.

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