In the past 18 months a number of countries have either introduced or announced an intention to introduce domestic FTTs at a local country level. In addition, a proposal to introduce a FTT in a subset of the European Union (“EU”) has been approved.
Click through our interactive timeline below and download PwC's Global Tax alerts for a deeper understanding of what these changes mean to you.
French financial transaction tax on equity securities
Latest developments and practical implications for the market
Tax and legal alert on the impact of Hungarian FTT.Download PDF
Special tax on transactions with SecuritiesDownload PDF
Green light for EU Financial Transaction Tax
The ECOFIN Council (EU Finance Ministers) adopted a decision by qualified majority authorising 11 of the 27 EU Member States to proceed with the introduction of a harmonised EU FTT through Enhanced Cooperation in their countries.Download Global FS Tax Newsflash
EU Commission adopts its new proposal for an EU Financial Transaction Tax
The draft Directive continues to have a very broad scope and will impact both EU and non-EU financial institutions.Download PDF
In overview, the amendment contains a number of changes to the original draft law, some of which (in particular the later start date) will be very much welcomed by financial services institutions.Download Global FS Tax Newsflash
Italian FTT- the ‘second’ draft Decree – do we have all the answers?
The Decree provides further guidance on the scope of the Italian FTT, the computational basis and the practicalities as to who will be responsible for collecting the tax and reporting to the Italian tax authorities.Download Global FS Tax Newsflash
Spanish authorities have tabled proposals for a Spanish Financial Transacion Tax (FTT) that, on the surface, resembles the French FTT model. Meanwhile, discussions about an European Union FTT continue at an EU level.Download PDF