Global FS tax newsflash: The EU financial transactions tax

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Unprecedented steps

Following the recent ECOFIN meeting and EU summit, it now appears likely that the huge political force behind the proposals will result in a Financial Transactions Tax (FTT) being implemented in a number of European countries through the EU’s enhanced cooperation procedure. The use of this procedure to introduce new taxes is unprecedented. In this bulletin we set out the very latest position across the EU and provide our thoughts on what shape any FTT may take.

Read this newsflash for more details.