Europe is rarely as united on tax policy as the Commission would like it to be, but few issues are more divisive than the financial transaction tax (FTT). Salman Shaheen assesses the prospects of an EU-wide FTT, what it will mean for taxpayers and whether it remains the best option for making the financial sector pay for its role in the economic chaos.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
After years of deafening silence, the UK tax authority is taking overdue action against corporates that fail to prevent the facilitation of tax evasion
The US president has raised India’s tariff rate to 50% because of its importation of Russian oil; in other news, firms made key international tax partner hires
Tax auditors themselves had not been aware of the new TP ‘transaction matrix’ requirements, ITR hears as five German partners share their client experiences
Specified taxpayers will have to apply a 19% VAT rate on services offered by third parties through their platforms; in other news, Donald Trump imposed 30% South African tariffs
Trump declared a new national emergency in issuing the order; in other news, Grant Thornton Germany is up for sale and the subject of interest from both its UK and US counterparts