The UK launched a legal challenge to the European Commission's proposed financial transactions tax (FTT), lodging an appeal at the European Court of Justice two weeks ago. Chancellor George Osborne has labelled it a tax on "pensioners and people with savings and investments", which fails to hit its intended target: the banks.
Luxembourg has pledged its support for the bid, while the United States has also raised concerns. The move has been met with support within the UK. BDO partner Angela Foyle says the FTT has "ten...
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