Ireland

Details

  • Service: Tax, Tax & Legal Services, EU Tax Centre
  • Date: 15/02/2013

Commission issues draft directive for FTT under enhanced cooperation 14/02/2013 

Euro Tax Flash Issue 211

Download Now
PDF files require Adobe Reader to view

On February 14, 2013, the European Commission issued its proposal for a Financial Transaction Tax (FTT) to be adopted by 11 Member States under enhanced cooperation.

 

Neither Ireland nor the UK are amongst the 11 member states moving ahead with the proposals but UK and Irish institutions engaging in financial transactions within the scope of FTT or dealing instruments taxed in other Member States will find themselves affected by FTT. Member States other than the 11 Member States can contribute to and comment on the proposed framework for FTT as it moves towards the targeted implementation date of 1 January 2014.

 

To learn more about the February 14, 2013 proposals, click here to view an alert prepared by KPMG’s EU tax centre (PDF, 54kb).

 

Contact

Colm Rogers

Colm Rogers

Download business card

 

Partner

colm.rogers@kpmg.ie

+353 1 410 2166

View profile

KPMG mobile app

KPMG Mobile App

 

Download KPMG's new multi-platform mobile application for iPhone, iPad and Android