In an exclusive interview, Carsten Ibsen, head of group tax at Danske Bank, explains why he believes the financial sector is not undertaxed, why the European Commission’s proposal for a financial transactions tax (FTT) is a bad idea and why Denmark’s largest bank is not going to become a tax exile.
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Two months since EU political agreement on pillar two and few member states have made progress on new national laws, but the arrival of OECD technical guidance should quicken the pace. Ralph Cunningham reports.