Financial transaction tax will harm Europe’s banks in Asian derivatives markets

Complex or simple taxes

European banks will suffer a major disadvantage in Asia's derivatives markets if the European Commission's (EC) proposed financial transaction tax is implemented in its current form, say market participants.

The financial transaction tax (FTT) would be levied at 0.1% minimum per securities transaction and 0.01% of the notional value in derivatives trades. Unlike similar stamp duty taxes charged in the UK, France and Italy, there are no exemptions for market makers. Under the current time frame

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here