U.K. will benefit without financial transaction tax

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Lawyers of the European Union notice that the United Kingdom will obviously benefit from the refusal of imposing a tax on financial transactions. This decision will allow the U.K. to attract a lot of European financial institutions to work in the country. Nowadays, only 11 EU member states approved the tax, including France and Germany, putting the U.K. into a beneficial position.
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