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

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