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.

Read the whole article

Get 14 days free access.
No credit card required.

  • 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

The ESG market is controlled by a few big investors

Finland's largest investor holds 62 percent of shares of multi-trillion ETFs offered by iShares and 64 percent of Xtrackers' equivalent offering. Having a few investors dominating ownership in this way is not good for the vehicles' liquidity and could be a big challenge facing the sector.

"We continue to see further growth in our Nordic book of business"

DECEMBER SERIES: What were the most important developments at some of the global asset managers present on the Nordic market in 2021, and what are their expectations for the coming year? AMWatch's December series is kicked off by Head of Nordics at State Street Global Advisors, Arnaud Bruyneel. 

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch