France's transaction levy misses target

11/15/2012 | Bloomberg Businessweek

France introduced a 0.2% tax on financial transactions to rein in speculators. However, the tax appears to be missing its target, experts say. "The target was supposed to be finance with a capital F, which is sort of a black box," said Jacques Porta of Ofi Patrimoine. "Instead, we are punishing small investors who aren't to blame and already are frightened off by losses in the market."

View Full Article in:

Bloomberg Businessweek

Published in Brief: