AMWatch

EU likely to tax financial transactions once UK leaves, says ex-insider

As a consequence of Brexit, the EU will most likely introduce a financial transaction tax as voting power shifts in the EU Parliament, predicts Schroders' economist Azad Zangana. As a former negotiator in the EU Parliament, he speaks from experience.

"I got to witness firsthand how UK persistently impedes increases in taxes and regulation that are designed to either reduce competition or protect certain underperforming elements," says Azad Zangana | Photo: PR: Schroders

Many investors underestimate the impact Brexit will have on future legislation in Europe, according to Azad Zangana. He is senior European economist and strategist at Schroders -- a global asset manager with roots in the UK.

As a result of Brexit, Zangana predicts that the EU will introduce a financial transaction tax in a few years' time, he tells AMWatch in an interview in Copenhagen.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Titanbay fuels growth with new partnerships as competition heats up

The platform for private market funds has got fresh capital and new partners onboard, as the competition between companies trying to bridge the gap between private market funds and investors with limited access intensifies. The CEO of Titanbay tells AMWatch how the new partnerships will help the business to prosper.

Further reading

Related articles

Latest news

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch