Simon Lewis, Chief Executive of the Association for Financial Markets in Europe, today issued the following statement on the initiative by 11 EU member states to introduce a Financial Transaction

Tax:

“The initiative by 11 EU member states to introduce an FTT is regrettable. It is likely to serve as another brake on economic growth, it is a highly inefficient way of raising tax, and given the negative impact on growth it could even reduce overall tax revenues in net terms. ” 

‐ENDS‐