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Financial Transaction Tax under Enhanced Cooperation: Commission sets out the details

EU News 73/2013

14 February 2013
IP/13/115
Brussels

The details of the Financial Transaction Tax (FTT) to be implemented under enhanced cooperation have been set out in a proposal adopted by the Commission today. As requested by the 11 Member States[1] that will proceed with this tax, the proposed Directive mirrors the scope and objectives of the original FTT proposal put forward by the Commission in September 2011 (IP/11/1085). The approach of taxing all transactions with an established link to the FTT-zone is maintained, as are the rates of 0.1% for shares and bonds and 0.01% for derivatives.

Source and additional information:
http://europa.eu/rapid/press-release_IP-13-115_en.htm?locale=en



[1] France, Germany, Belgium, Austria, Slovenia, Portugal, Greece, Slovakia, Italy, Spain, Estonia