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.
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.
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