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Home » Business News

CBI COMMENTS ON EU LEGAL SERVICE CHALLENGE TO FTT…

Submitted by on September 12, 2013 – 8:26 am |


Leo Ringer, CBI Head of Financial Services & Corporate Governance - CBI COMMENTS ON EU LEGAL SERVICE CHALLENGE TO FTT...The CBI commented on the EU Legal Services challenge of the legality of the proposed Financial Transaction Tax (FTT).

Leo Ringer, CBI Head of Financial Services & Corporate Governance, said:

“This opinion recognises that the FTT would have damaging implications for growth, jobs and investment beyond the member states involved, so now is the time to draw a line under this flawed proposal.

“It also makes clear that moves towards further integration between a number of EU countries can’t be taken forward if they impact on the rights of all member states, unless all states affected have signed up.”


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