Many countries around the world impose taxes on financial transactions. These taxes come in a variety of shapes and sizes from taxes on the transfer of ownership of shares and stamp duties on foreign exchange transactions and movement of cash balances between accounts.
Financial services organisations are building new systems and operating procedures in response to new regimes which have been introduced in places such as France and Italy.
At the same time you clients need to have clarity on the transaction tax costs of their investment strategies.
, PwC United Kingdom
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