Community
On 14 February the Commission adopted a proposal for a Directive implementing the enhanced co-operation for a financial transaction tax (FTT). The tax will be due if any party to the transaction is established in a participating Member State, regardless of where the transaction takes place. This applies whether the firm engaged in the transaction is, itself, established in the FTT zone, or is acting on behalf of a party established in that jurisdiction.
An impact assessment and FAQ has been issued. The countries concerned are Austria, Belgium, Estonia, France, Germany, Greece, Italy, Portugal, Slovakia, Slovenia and Spain.
LINKS
http://ec.europa.eu/taxation_customs/resources/documents/taxation/com_2013_71_en.pdf
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=SWD:2013:0028:FIN:EN:PDF
http://europa.eu/rapid/press-release_MEMO-13-98_en.htm
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Alexander Boehm Chief Executive Officer at PayRate42
05 September
Alexander Saleh Head of Partnerships at Coincover
02 September
Alex Kreger Founder & CEO at UXDA
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