EUROPE - Pension funds face a double hit from a proposed European-wide financial transactions tax, the Investment Management Association warns.
The European Commission has put forward a proposal today for a 0.1% tax on the exchange of shares and bonds and a 0.01% tax on derivative contracts that would raise about €57bn (£49bn) a year. T...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date