The Wrong Tax for Europe
There is ample reason to be angry at financiers, and real change is needed in how they operate. But the European Commission's proposal to tax financial transactions, despite its noble intellectual lineage, is no solution to Europe’s problems – or to the world's.
https://prosyn.org/BL8GSiY
CAMBRIDGE – Europe is already in pickle, so why not add more vinegar? That seems to be the thinking behind the European Commission’s proposed financial transactions tax (FTT) – the Commission’s latest response to Europe’s festering growth and financing problems.