Warning of unintended outcomes of Tobin tax

Bankers, analysts and investors point out that, instead of banks, the European Commission proposals of September 2011 to create a Financial Transaction Tax would be likely to hit pension funds and other ’long-only’ savings vehicles rather than the banks, the intended target.

ESO: Background information: Barroso backs transactions tax http://www.europeansources.info/record/barroso-backs-transactions-tax/

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