Bloomberg News

IIF’s Dallara Says Financial Transaction Tax Is ’Misguided’

November 18, 2011

Nov. 18 (Bloomberg) -- Charles Dallara, managing director of the Institute of International Finance, said a financial transaction tax would be passed on to banks’ clients and put European financial companies at a competitive disadvantage.

The financial transaction tax is “misguided” and it won’t happen on a global level, Dallara said in a panel discussion at a conference in Frankfurt today.

To contact the editor responsible for this story: Aaron Kirchfeld at

Race, Class, and the Future of Ferguson

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus