Go to Investment Europe homepage
  • Register for Investment Europe
  • Join Investment Europe’s LinkedIn group
  • Follow Investment Europe on Twitter
  • Investment Europe on your mobile
  • Investment Europe RSS feeds

Italy's financial transaction tax will be an "error", LSE's Rolet warns

  • By: Chiara Albanese
  • 28 Nov 2012
  • Be the first to comment
tax-shakedown

Italy's plan to introduce a tax on financial transactions is an error which would hit the employment level in the country, Xavier Rolet, chief executive of the London Stock Exchange which controls Italy's Borsa Italiana, has warned today.

Speaking at a conference in Milan, Rolet said a financial transaction tax will also shift trading activity from Italy to London.

"It would cause the loss of thousands of jobs, just like in Sweden in 1994," he added.

According to the law which has intoduced the levy, the tax rate will be 0.05% on share and derivative transactions.

 

Visitors Comment

blog comments powered by Disqus

Market

Regions

European map
Benelux France Iberia Italy Germany Switzerland Austria Emerging Europe Scandinavia UK Ireland

Print Edition

Events

ppf-finland

Helsinki brings M&G, Ignis and RenAsset speakers

InvestmentEurope's Fund Selector Roundtable Finland, which takes place in Helsinki on 29 April, will feature speakers from M&G Investments, Ignis Asset Management and RenAsset Management.

20140409-lausanne-9

Lausanne Summit success in pictures

Select moments from InvestmentEurope's Pan-European Fund Selector Summit that took place at the Beau-Rivage Palace in Lausanne 9-11 April have been published.