News that Brazil has slipped into a 2% recession has revived the introduction of a financial transaction tax (FTT). If the new tax is not imposed, Brazil is unlikely to hit its 2015 financial deficit targets. In an effort to win Congressional support for the controversial plan, any proceeds would be divided between the State …
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 …
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 …
