EU FTT under enhanced cooperation: summary of European Parliament amendments European Union – Enhanced cooperation procedure – Financial Transaction Tax
In February, the European Commission published revised proposals for a financial transaction tax (FTT). Colm Rogers highlights some of the actions which financial institutions, including those outside the FTT zone, may need to consider.
On February 14, 2013, the European Commission issued its proposal for a Financial Transaction Tax (FTT) to be adopted by 11 Member States under enhanced cooperation.
The European Commission’s proposal for an EU-wide financial transaction tax (FTT) has generated much public and political discussion since it was published on 28 September 2011.