FTT announcement likely next month

24 June 2015

Joe Stanley-Smith

The proposed European financial transaction tax (FTT) could be back on track after the 11participating nations met on Thursday (June 18) to discuss the plan.

The number

of political options open to member states taking part has been

reduced in an effort to speed up the process. The tax is now

likely to be fairly broad and with a low rate charged on shares

and derivatives.

"The number of options on the table has been significantly

reduced and I expect that there will be a political choice made

in the coming weeks to lead us to a successful conclusion,"

said Pierre Moscovici, European Commissioner for...

This article is locked content, available to current subscribers or trialists.

Current subscribers or trialists - Please log in to view this article in full.

New users - Please take a free 7 day trial.

Expired subscribers or trialists - Please subscribe to gain immediate full access.

If you think you've received this message in error, please contact your account manager, NickBurroughs:

Email: nburroughs@euromoneyplc.com, Tel: +44 (0)207 779 8379

Subscribe now

Subscribe today to gain full access to International Tax Review.

Subscribe

Free trial

Take a free trial now and gain 7 days of full access to International Tax Review.

Free trial

http://feedproxy.google.com/~r/internationaltaxreview/wrOZ/~3/zAxyIqA2MXU/FTT-announcement-likely-next-month.html