Community
Back in 2011, the European Commission proposed a common European financial transaction tax (FTT). Despite several postponements and a general lack of support across the EU, a co-operation of member states – including France, Germany, and Spain – remain determined to implement the tax. As per the progress report submitted last week to the European Council from the German delegation, the new tax could be based around the existing French FTT model. Details are yet to be finalised, and any adoption of the proposals will require consultation with the European Parliament and unanimous agreement of the participating countries in the Council.
So, there’s some way to go before such a tax could be implemented, but it’s still on the agenda.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Leon Fischer-Brocks Co-Founder | CEO at Bloxley
22 May
Priyanka Rao Content Strategist at Jupiter Money
Vijay Mayadas President, Capital Markets at Broadridge
19 May
Erica Andersen Marketing at smartR AI
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.