Banks ignoring tax issues due to regulatory compliance preoccupations

Daniel Carpenters most recent piece in the Global Risk Regulator heeds warning to banks, not to dismiss the EU wide FTT speculation.

Banks have not been paying enough attention to tax issues, particularly with speculation over the launch of an EU-wide financial transaction tax (FTT), due to focusing so many resources on keeping up with a flood of new regulations. This could lead to problems…

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