*Letters

G20 Finance Ministers Opposition to Financial Transaction Tax

Published on:
September 23, 2011

Global Financial Markets Association (GFMA) provides comments to all G20 Finance Ministers to express strong opposition to the imposition of a financial transaction tax (FTT), or other substitute form of the FTT. The case against a financial transaction tax is strong, and the arguments well known. A transaction tax will cycle through the economy, harming both investors and businesses.

The Association for Financial Markets in Europe (AFME) is the European regional member of GFMA. The Asia Securities Industry & Financial Markets Association (ASIFMA) is the Asian regional member of GFMA. The Securities Industry and Financial Markets Association (SIFMA) is the U.S. regional member of GFMA.

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