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PTM levy |
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PTM levyA charge automatically imposed on investors, and collected by their brokers, when they sell or buy shares with an aggregate value in excess of £10,000. The charge is 25p, and the money raised goes to the Panel of Takeovers and Mergers. The Panel writes and enforces the rules by which takeovers of companies listed on the London Stock Exchange are conducted.Similar MatchesLevyLevy1. To impose and collect a tax or tariff. 2. A tax or tariff. Variable levyVariable levyA tax on imports that varies over time so as to stabilize the domestic price of the imported good. Essentially, the tax is set equal to the difference between the target domestic price and the world price. |
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