GFSB welcomes equal playing field, but some businesses think transaction tax could threaten survival

The Federation of Small Businesses has welcomed that EU companies wanting to deliver services in Gibraltar should soon have the same licensing requirements as businesses in Gibraltar.

Owen Smith said an even playing field would be a very welcome change.

But he warned it will be a "very, very big change" for businesses that are Gibraltar-facing to become Europe-facing.

And, some businesses think the 17% transaction tax announced by the Chief Minister could threaten their survival.