This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Financial Transaction Tax (FTT) - 19/02/2013


DOWNLOAD  

As expected, the EU Commission just adopted a revised draft Directive implementing a Financial Transaction Tax (FTT) via the Enhanced Cooperation Procedure (ECP) with the view to generate approximately EUR 30-35 billion per year.

This follows the January 2013 decision of the Council of the EU to authorise enhanced cooperation between a subset of eleven EU Member States representing 2/3 of EU GDP: Austria, Belgium, Estonia, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain (the “Participating Member States” or the “FTT zone”). This new proposal is largely based on the original draft Directive published by the EU Commission in September 2011 although some important adjustments have been added.

We have highlighted the key features of this new proposal in our latest Operational Tax News that may have already been received by some of your colleagues.

Stay abreast of the latest developments via our brand new FTT website by clicking on the link below and do not hesitate to register to receive our FTT Newsletters.

http://www.deloitte.com/view/en_LU/lu/market-challenges/financial-transaction-tax/index.htm

Page Last Updated

Contacts

Name:
Company:
Job Title:
Phone:
Email
Name:
Eric Centi
Company:
Deloitte Luxembourg
Job Title:
Partner - Tax - International Tax-GFSI Leader
Phone:
+352 45145 2162
Email
ecenti@deloitte.lu

Share

 

Stay connected:
Get connected
Share your comments
More on Deloitte Luxembourg
Learn about our site

Recently published