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Europe's New Financial Transaction Tax - Check Out KPMG's Resource - by Lucy Iacovelli  

Global Tax Adviser

 

March 05, 2013

 

Lucy Iacovelli
Toronto, Canadian Corporate Tax

 

KPMG Global has created a new resource centre to track the introduction of the financial transaction tax (FTT), a European transactions tax that is proposed to be levied on financial institutions carrying out transactions in securities and derivatives. In general, the proposed rate of tax is 0.1% for shares and bonds and 0.01% for derivatives. Pension funds would not be subject to the FTT. The FTT is currently proposed to take effect from January 1, 2014.

To keep track of the latest FTT developments, KPMG Global has created a new FTT site tracking the latest KPMG publications, official documents from the EU and specific country initiatives.

 

For more information, contact your KPMG adviser.

 

 

 

 

 

Information is current to March 05, 2013. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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