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
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Ben Parker CEO at eflow uk ltd
23 December
Jitender Balhara Manager at TCS
22 December
Arthur Azizov CEO at B2BINPAY
20 December
Sonali Patil Cloud Solution Architect at TCS
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.