Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Financial Tax Would Need to Apply Globally, U.K. Treasury Says

Sept. 28 (Bloomberg) -- Any tax on financial transactions would need to apply globally and “there are a number of practical issues that need to be worked through,” the U.K. Treasury said in a statement today.

The European Union today proposed a financial-transactions tax that would take effect in 2014 and raise about 57 billion euros ($78 billion) a year.

The plan would set minimum tax rates for financial transactions throughout the 27-nation EU, the European Commission, the EU’s Brussels-based executive, said today in a statement. It would assess trading of stocks and bonds at a 0.1 percent rate, with a 0.01 percent rate for derivatives contracts.

To contact the reporter on this story: Andrew Atkinson in London at a.atkinson@bloomberg.net

To contact the editor responsible for this story: Andrew Atkinson at a.atkinson@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.