Legal News

Better Finance urges Commission to direct FTT at the financial industry, not savers

Published on: 21 January 2020
Published by LNB News

LNB News 21/01/2020

Document Information

Issue Date: 21 January 2020

Published Date: 21 January 2020

Jurisdiction(s): United Kingdom

Article summary

Better Finance has called on the European Commission to make changes to the proposed Financial Transaction Tax (FTT), saying the tax as it stands would disproportionately target EU citizens as savers and end-investors rather than financial institutions. It says the Commission should focus the tax on forex transactions, especially forex derivatives, as well as other derivatives, rather than focusing on trades in listed equities and bonds.

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