5. Even though the UK is abstained, there are fears that the FTT will apply to its pension funds that invest in EU securities and derivatives. In a similar manner, the STA letter (above) shows that the French transaction tax can force US investors to pay for trades in French stocks if they use made-in America products like ADRs and ETFs.
Financial Transaction Tax knows no borders, no real opt out for UK bit.ly/YczAq3— Godfrey Bloom (@Goddersukip) February 15, 2013
[Is FTT heading for Wall Street?]