As debate continues to swirl around the issue in Europe, the notion of a tax on financial transactions (FTT) is also gaining traction in the US. Senator Tom Harkin (Dem-Iowa), and Congressman Peter DeFazio (Dem-Oregon) have tabled legislation to introduce a form of the tax. But how does the US approach to an FTT differ from the European debate?
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The OECD’s project was up for debate as Matt Williams spoke to ITR following BDO’s tax strategist survey, which uncovered increased complexity and costs among multinationals