MEPS STAGE HEARING ON EUROZONE FINANCIAL TRANSACTION TAX PLANS
February 1st, 2012
BY KEITH NUTHALL
SUPPORT for the imposition of a Eurozone financial transaction tax has been voiced at a hearing of the European Parliament's economic and monetary affairs committee hearing. Avinash Persaud of Intelligence Capital, Sony Kapoor of Re-Define and Stephany Griffith-Jones of Colombia University all backed the tax for sourcing revenue from high frequency traders and intermediary financial players, and not what they regarded as "the real economy". They even argued the tax could boost Eurozone GDP by 0.25% and stabilise the economy by curbing ...
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