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Financial Transaction Tax 

The European Commission’s proposal for an EU wide tax on financial transactions (FTT) has generated much public and political discussion since it was published on September 28, 2011. The issue has been particularly high on the agenda of many EU Member States’ governments and even led to a British veto of proposals for fundamental EU reforms addressing the ongoing economic crisis.

 

Financial sector organizations have a clear need to stay informed of developments in this area and the potential impact these may have on their business. In order to meet this need KPMG member firms have set up an FTT technical and business support unit, coordinated by KPMG’s EU Tax Centre. The unit combines tax and industry specialists from KPMG member firms in key European jurisdictions and is supported by a detailed knowledge and information sharing platform.

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Sébastien Labbé

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