Pennsylvania + Wall


Pennsylvania + Wall provides commentary on a broad range of current financial, economic and regulatory reform topics. The views expressed are those of the authors, and do not necessarily reflect the position of SIFMA.

February 27, 2013

A Global European Sales Tax

By Kenneth E. Bentsen, Jr.

European Sales TaxFrance and Italy recently enacted separate financial transaction tax schemes that will affect investors and markets far beyond their borders. And now eleven European Union member states including France and Italy have recently pushed through a directive to implement a uniform financial transaction tax across those states.  But as drafted, it appears that those states would not only like to tax transactions taking place within their borders, but around the world and right here in the United States..... Read more...

February 12, 2013

Mr. Lew: How Would You Run FSOC?

By Kenneth E. Bentsen, Jr.

Ken BentsenThis morning, the Senate Finance Committee will consider Jack Lew’s nomination to be Treasury Secretary. As with any confirmation hearing, it is important that Senators ask probing questions of a nominee to determine how he or she will manage the department and its responsibilities they are being entrusted to run. As he is slated to occupy one of the most important cabinet positions in the Obama Administration, one topic Senators should ask of Mr. Lew is what his plans will be for chairing the Financial Stability Oversight Council (FSOC)..... Read more...



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