EU financial transaction tax may drive Asian banks away from European business

tax

When the European Commission set about refining its proposal for a financial transaction tax following a September 2012 request from 11 European Union (EU) member states, it chose to extend its extraterritorial reach beyond the original 2011 proposal.

Alongside the 2011 version's residency principle – taxing transactions involving an institution deemed to be established in one of the 11 states, the latest iteration of the financial transaction tax (FTT) introduced the issuance principle. This

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: