Chancellor
Faces Taxing Test in Bid to Boost Capital MarketsThe
UK Treasury’s latest plan for stimulating its stock exchanges appears to be a
temporary or permanent reduction in the stamp duty (tax) paid on transactions
in shares of newly listed companies.Advocates
of stamp duty reform have long argued that the UK is at a competitive disadvantage
to other major European markets as a result of the 0.5% tax levied on share
transactions…
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