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World markets  |  January 24, 2013 13:39:44

New excise duty is here

The current excise duty is included in the price of fuel. This tax on financial transactions will become part of the price of banking services.

Finance ministers of 11 EU countries approved a tax on financial transactions. Its introduction for finer details can be expected from 2014.Voluntarily reported to the following countries: Belgium, Estonia, France, Italy, Germany, Portugal, Austria, Greece, Slovakia, Slovenia and Spain.

Tax, probably amounting to 0.1% will apply on transactions in shares and bonds, and 0.01% from derivatives trading, where at least one party will be from one of the countries listed above. Among the last biggest opponents of this tax in the EU is one of the United Kingdom and Sweden, the Czech Republic abstained from voting on the tax.

I do not believe that financial institutions have carried on their shoulders the expected cost of more than € 30 billion. The money paid by consumers, either directly or indirectly.

It's a new excise tax. Income from banking services.

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