French Financial Transaction Tax Falls Well Short of Goals, Audit Finds
The 2012 levy touches only 5% of transactions and entirely misses high-frequency trading, according to Le Monde, citing the Court of Auditors.
France's financial transaction tax, introduced in 2012, touches only 5% of financial transactions, France's Court of Auditors found, according to Le Monde.
High-frequency trading, involving computer-driven orders executed at very high speed, entirely escapes the tax, according to the report.
Sources
- La taxe sur les transactions financières rate largement ses objectifs, selon la Cour des comptes — Le Monde — Une
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Comments
Loading comments…
Related articles
France intends to borrow record €340 billion as Covid-era debt comes due
Paris will sell a record volume of bonds next year amid mounting concern over the country's deficit and borrowing costs.
Report: France’s public debt reaches 119% of GDP, highest since 1946
A report from Anadolu Agency (Turkey) sets out the main available details, with claims kept attributed to their sources.
More than 400 detained as student protests escalate across France
French authorities detained hundreds of people, mostly minors, as high school protests over conditions and resources intensified nationwide.
Fires and blockades reported as French school protests spread
French authorities say more than 400 people, mostly minors, were arrested Tuesday as student demonstrations at schools turned into fires and blockades.
France detains 440 during high school student protests, injuring dozens of officers
Interior Minister Laurent Nunez said 48 law enforcement officers were hurt as unrest accompanied demonstrations by secondary school students.
French students clash with police as protests over education cuts spread nationwide
Students have blocked schools across France in a growing wave of protests demanding better learning conditions.