European Commission Proposes Financial Transactions Tax

October 07, 2011

The European Commission has just released details of its proposal to introduce a Financial Transactions Tax (FTT), following on from high profile statements of support for the introduction of an EU FTT from the French and German governments. As proposed, the tax would come into effect from 1 January 2014 and could serve as a platform for the introduction of a global FTT. This update examines the proposal.

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