Global FS tax newsflash: Spanish Financial Transactions Tax proposed

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Somewhat unexpectedly, Spanish authorities have tabled proposals for a Spanish Financial Transactions Tax (FTT) that, on the surface, resembles the French FTT model. Meanwhile, discussions about an European Union (EU) FTT continue at an EU level. While there are many technicalities to resolve at the EU level, one key issue is whether any proposal will be able to achieve the 70% support among EU members necessary for the "enhanced cooperation" threshold to become law in some member states.

Read this newsflash for more details.