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Home BUSINESSFinancial market tax plan illegal: EU lawyers
Wed, 11 Sep, 2013 12:00:59 AM
FTimes News Desk, September 11
The financial market tax outlined by eleven European Union countries is illegal, a number of lawyers in the European Union consider. 
The alignment may be the death knell for the planned tax model, the news agency STT reported quoting Reuters. 
A valid tax may, inter alia, be discriminatory and unfair competition. 
Financial Markets tax should be collected in equity, loans and derivative transactions. It would produce estimates that up to 35 billion euros per year. 
Finland is not involved in tax preparation. The whole of the EU-wide tax fell in many countries such as the UK's opposition.
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