Saturday, August 10, 2013

Europe and the Financial Transaction Tax

Eleven European unions have recently agreed to a financial transaction tax. That’s not to say, however, that everyone is fully on board. France, for example would prefer it if the tax included foreign exchange trading. Meanwhile, banks throughout all of the unions are fiercely opposing the tax, and many financial advisors and average consumers are also opposed to it for a variety of reasons.
Many have proposed that a higher and/or more inclusive sales tax might be a better alternative. Others feel that placing a levy on liabilities is the way to go. Fortunately, these changes to tax services are not a worry for United States residents.

In fact, the only thing United States consumers really need to worry about at the current time is gearing up for the upcoming tax preparation season. Though it may seem far away, tax preparation time will be here before you know it. If you’re in Naperville and wish to get a jumpstart, contact Susan S. Lewis, Ltd.
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