VAT news tagged as "FTT"

United Kingdom

London set to benefit from EU FTT proposals

July 23rd, 2015

Plans due this month to relaunch a watered-down Financial Transaction Tax (FTT) across 11 EU member states in 2017 look set to benefit London financial markets.  This comes despite criticism from the German and French central banks, and threats from major European investment banks to shift trading to London to avoid the levy. The latest …


Sweden

Sweden proposes levying VAT on banking and insurance

May 26th, 2014

The first draft discussions of the Swedish 2015 budget issued last week contains a controversial proposal to withdraw the Swedish VAT exemption on financial services. Currently, all other 27 EU member states do not charge VAT on this sector. This move would challenge a proposal by other 11 other EU member states looking to introduce …