If banks had been told two years ago that they would be preparing for a financial transaction tax (FTT) in Europe, they would have laughed. But with the FTT just around the corner, Salman Shaheen finds out how financial institutions are preparing and whether the FTT is likely to affect those outside the 11 EU member states introducing the tax.
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The OECD had previously missed a June 30 deadline to agree an MLC on amount A; in other news, UK corporation tax bills surged to a record high last year