An appraisal of UK’s opposition to the proposed EU FTT
Introduction The European financial transaction tax (FTT) is a proposal by the European Commission expected to be introduced in 2014, covering the 27 states, member of the EU. This tax is intended to cover financial transactions between financial institutions, with proposed charges against exchange of shares and bonds, and derivative contracts.[1] The tax is expected to raise 57 billion Euros a year if implemented and […]