The FTT: Killing two taboos with one stone

March 01 2013

Algirdas Šemeta, European Commissioner for Taxation, Customs, Statistics, Audit and Anti-fraud, explains that the proposal for a financial transaction tax (FTT) under enhanced cooperation that the Commission tabled last month is a milestone from at least two perspectives: the tax itself and the procedure used for the tax to become a reality.

Unlock this content.

The content you are trying to view is exclusive to our subscribers.

To unlock this content:

Take a Free Trial or Login

Topics

more across site & shared bottom lb ros

More from across our site

Direct Tax

This week in tax: LG and Sun Pharma among pioneer CbCR companies, report finds

However, nearly 10% of reports only disclosed activities in tax havens, according to the Fair Tax Foundation; in other news, Plante Moran sealed a US east coast merger

Sam Sholli, June 13 2025

Direct Tax

EY expert highlights ‘additional practical complexities’ around pillar two implementation

While pillar one is still alive, it will apply to a smaller group of companies, Brian Foley also told ITR

Sam Sholli, June 12 2025

Direct Tax

Pillar two compliance: building a global tax control framework

Tax teams that centralise and automate their pillar two data will have a much easier time during reporting season, says Hank Moonen, CEO of TaxModel

Hank Moonen, June 11 2025

Transfer Pricing

India: Key transfer pricing issues with global capability centres

While GCCs drive efficiency for multinationals, they also present a host of TP risks that should be considered carefully

Raghav Bajaj , June 11 2025

Direct Tax

Oslo, Norway - 24 September 2022: PricewaterhouseCoopers or PWC

Trump administration ‘creating uncertainty’ for pillar two implementation: PwC Ireland

PwC Ireland has also called for simplifying Ireland’s tax code and a reduction in its capital gains tax in a pre-budget submission

Sam Sholli, June 10 2025

Direct Tax

Burden of proof in Chinese audits: legal principles and strategic responses

Effective audit management requires more than documentation; it’s the way taxpayers engage that can shape audit direction, manage procedural ambiguity, and preserve options for appeal or litigation

Abe Zhao, June 09 2025

Direct Tax

What Corporates Want 2025 640x360 - US Value Added Services.png

Opinion: US firms can’t hide from value-added services criticism

American advisers are falling short of client expectations when it comes to providing value-added services, but remaining tight-lipped won’t make the problem go away

Tom Baker, June 09 2025

Awards

Social Impact Awards 2025 expand to reflect legal innovation

The Social Impact Awards unveil new categories to reflect a changing legal and social landscape

Shailyn Tirado, June 06 2025

Direct Tax

Australia's evolving tax policy landscape: domestic reform and international challenges

Australia's approach to tax policy has undergone significant shifts in recent years, reflecting global trends and unique domestic considerations. These developments merit close attention from tax professionals

Toby Eggleston, June 06 2025

Indirect Tax

This week in tax: UK handed five-week exemption from doubled US steel tariffs

The UK has temporarily dodged the 50% rate due to a trade deal signed with the US in May; in other news, Ryan acquired a Northern Irish tax firm

Sam Sholli, June 06 2025