European Union proposes a revised Financial Transaction Tax
Practice Area:
Corporate Tax
Members Involved:
Romain Pichot
The European Commission adopted on 14 February 2013 a proposal for a Council Directive that would implement enhanced cooperation in the area of financial transaction tax (the “FTT”) in the EU at the request of 11 Member States (France, Germany, Belgium, Austria, Slovenia, Portugal, Greece, Slovakia, Italy, Spain, and Estonia) together creating the so-called “FTT-zone”.
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