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Kickback Starts After France Introduces Unilateral Transaction Tax
Firms are already protesting at the introduction yesterday in France of a Financial Transactions Tax (FTT) which was double the rate originally proposed.
"The financial transaction tax is likely to spark a flurry of reaction from multinational financial services companies. Many will question why they should keep their trading operations in the country," according to a briefing note from global tax advisory firm Taxand.
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