Financial services on alert as EU digital tax threatens overreach

The financial world is looking at proposed European taxes on the digital sector with growing alarm, as a lack of clarity in the planned levy threatens to capture financial services providers, writes Ross Lancaster.

  • By Ross Lancaster
  • 08 Nov 2018

In recent months, concerns have been rising in parts of the financial services industry about the European Commission’s proposals for taxing digital services. Some market participants were worried about the tax but this concern was not widespread. 

The tax is thought to be aimed at social networks, search ...

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