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, eleven of which have expressed their willingness to move forward under enhanced cooperation. This means that, in principle, there is sufficient support for those Member States to adopt an FTT between themselves under this procedure.

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.

Learn more about the services provided by KPMG regarding the FTT.


FTT latest

KPMG introduction to FTT


Official documentation

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Overview of taxes on financial transactions within the EU

An overview of nine EU Member States understood to be currently applying a national form of FTT and of the EU proposal for an eleven Member State FTT.

EU Financial Transaction Tax draft directive

Text from the original EU financial transaction tax draft directive that has been adapted to include related referenced content.

KPMG's EU Tax Centre

EU direct tax practice
KPMG member firms have set up an EU Tax Centre to help you understand the implications of EU tax law and how it can help your business.