Global FS Tax NewsFlash

November 2011

Global FS Tax Newsflash

On 28 September 2011, the European Commission (EC) issued a draft directive which seeks to introduce a financial transactions tax (FTT) within the European Union (EU). This Newsflash provides an update on the ongoing debate that has taken place since the release of the draft directive - we review the principal developments which have taken place, assess the current position of the various Member States towards the proposals and comment on some of the practical implications of the FTT if introduced. Finally, we will look at how this issue might develop in the future.

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