A Portuguese proposal to slap a financial transaction tax on stocks and derivatives would harm businesses essential to a post-Covid recovery, according to Austria’s finance minister.
“We want to tax speculation and high-risk trading, not debilitate the real economy,” Finance Minister Gernot Bluemel said Thursday in an emailed statement, adding that a financial transaction tax that restricted “immoral” financial speculation would nonetheless be good.
The Portuguese EU Council Presidency rolled out an FTT discussion paper Wednesday in a technical meeting. Several such proposals have been floating around Brussels for years without gaining traction. Proponents argue that they are highly ...
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