Abigail McGregor asks whether the financial transaction tax is on the rocks again
Helen Lethaby reviews recent developments, including the revised code of practice for banks, corresponding adjustments, corporate debt and derivatives, and the EU financial transaction tax.
The monthly review by Chris Morgan examines two important developments in the EU, and the contrasting approaches to tax reform taken by Argentina and Portugal.
The EU Council Legal Service has said it believes the proposed EU FTT is unlawful. Dan Neidle looks at this surprising development.
Alexander Goldsmith on the financial transactions tax
As has been reported in the national media, the legal adviser to the EU’s finance ministers, the Council Legal Service, has concluded that one of the main provisions of the proposed European financial transaction tax (FTT) is ‘discriminatory, overreaches national jurisdiction and infringes the EU
Helen Lethaby summaries recent key developments including moves to enhance the bank levy
Geoff Lloyd and Fiona Thomson examine how the proposed financial transaction tax may apply to UK corporate groups and the practical implications that this might have for them, focusing on derivative transactions entered into by group treasury companies.