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Transaction tax - OECD European solo attempt
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,…
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