Europe's transaction tax would cover wide range of trades

09/25/2011 | Bloomberg

The European Commission is poised to propose a wide-ranging financial-transaction tax. "The commission should make a proposal in the coming weeks," said David Boublil, a commission spokesman. "It should be a tax with a very wide scope to cover a number of financial instruments but also with a low rate." The financial industry continues to voice concerns about the tax.

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