The FT reports that the European Commission is hoping to revive the idea of a capital markets union, aiming to unlock investment in Europe via the huge pool of savers in Europe. One idea is favorable tax treatment.
I wonder if we’re headed for protectionism in capital markets. At the moment, money is mostly free to flow into the US but in a trade war, countries could bias tax systems to invest locally.
This article was written by Adam Button at www.forexlive.com.The FT reports that the European Commission is hoping to revive the idea of a capital markets union, aiming to unlock investment in Europe via the huge pool of savers in Europe. One idea is favorable tax treatment.I wonder if we’re headed for protectionism in capital markets. At the moment, money is mostly free to flow into the US but in a trade war, countries could bias tax systems to invest locally.
This article was written by Adam Button at www.forexlive.com. Read MoreNews
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