23 Sep 2011
A FINANCIAL TRANSACTIONS tax could hit the City of London despite the UK planning to opt out of a Europe-wide plan being mooted in Brussels.
The European Commission is poised to propose a sweeping new regime that would apply to major financial instruments including derivates, bonds, shares and some currency transactions, the Financial Times reports.
Further reading
Even if the UK opts out it could still be hit by the tax, which would affect traders based in other EU countries.
More to follow.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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