Cable Forum - View Single Post - Europe wants to impose financial transaction taxes ...

**Chris** · 28-09-2011, 16:40

It's a percentage charged on every transaction where at least one of the institutions is within the EU. Seeing as 80% of institutional financial transactions within the EU occur in London .... well, do the maths.

28-09-2011, 16:40	#13
Chris Trollsplatter Cable Forum Team Join Date: Jun 2003 Location: North of Watford Services: Humane elimination of all common Internet pests Posts: 38,583	Re: Europe wants to impose financial transaction taxes ... It's a percentage charged on every transaction where at least one of the institutions is within the EU. Seeing as 80% of institutional financial transactions within the EU occur in London .... well, do the maths.