In a speech to the European Parliament last week, Algirdas Šemeta, European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud, supported the “promising option” of a financial activities tax (FAT). In an exclusive interview, International Tax Review spoke to Commissioner Šemeta about why he favours a FAT at the EU level over a financial transactions tax (FTT), how it might work and the challenges to be overcome.
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The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process