WIFO-head - transaction tax yes, but not solo

Companies ♦ Published: May 18, 2010; 00:00 ♦ (Vindobona)

If a tax is limited to one country it would result into a stock tax says the head of Austrian Institute of Economic Research Austria (Wirtschaftsforschungs Institut Österreich WIFO) Karl Aiginger.

WIFO-head - transaction tax yes, but not solo / Picture: © Vindobona.org

It would cause the most impact on direct acquisitions of a firm rather than speculative transactions.

One should aim for a global or European wide introduction according to Aiginger. If countries like Greatbritian oppose the idea, there is still the option to introduce the tax in a smaller circle of countries. At least geographically adjacent markets should collaborate. In…

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