Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Siemens Says Transaction Tax Burdens Economy, Boersen Reports

The European Union’s proposed financial-transaction tax will burden the rest of the economy and doesn’t address the problem of market speculation, Siemens AG Chief Financial Officer Joe Kaeser said in a guest commentary in Boersen-Zeitung.

Risk-management instruments such as hedging for shifts in currencies, raw-material prices and interest rates will become more expensive and hurt the competitiveness of German industry, Kaeser wrote in the Frankfurt-based newspaper.

Manufacturing companies whose treasuries do their own risk management will have to pay the tax and would therefore be treated the same as banks, the CFO said, according to Boersen-Zeitung.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.