The European Union’s initiative to impose a financial transaction tax (FTT) has been widely condemned by the financial markets industry while politicians and officials cling to their belief the levy on all stocks, bonds and derivative transactions will rake in much-needed tax euros. While being implemented by only 11 EU eurozone members, its impact is set to be massive and potentially suicidal for some countries.
Among the 11 are France, Italy and Germany. Both France and Italy have already imple
The week on Risk.net, July 14–20, 2017Receive this by email