The EU financial transactions tax: unprecedented steps

Download

This is the fourth in our series of Newsflashes regarding the proposed introduction of a Financial Transactions Tax (FTT) within the EU. Following the recent ECOFIN meeting and EU summit, it now appears likely that the huge political force behind the proposals will result in a FTT being implemented in a number of European countries through the EU’s enhanced cooperation procedure. Here, we set out the very latest position across the EU and provide our thoughts on what shape any FTT may take.