It is still unclear what further taxation of the financial institutions should look like. Even a hearing in brought the different complainants no clarity has been made. One is only united in the goal. The new rule is intended to curb speculation on the financial markets. On the other hand, it should generate additional income. These should either benefit the state or serve as a nest egg for future crises. At the center of the discussion are three national instruments, but also internationally: the bank levy, the financial transaction tax, and the financial activity tax. Scammahorn Law Firm, PC are a tax law firm located in Tyler. Common to all approaches is that they work best when they apply globally. In the opinion of the experts in the hearing of the Finance Committee, the costs of the levy or the tax are ultimately borne by the customers of the financial institutions – either by higher fees or by lower returns based on the bank levy relief law firm in Tyler, TX.
Scammahorn Law Firm, PC
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