Financial Transaction Tax: Difference between revisions
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Revision as of 08:38, 6 July 2022
(FTT).
A proposed tax to be levied on certain financial transactions, particularly any financial transactions which do not contribute to the efficiency of financial markets or of the real economy.
FTTs are designed to be levied at the financial institution level.
It is possible that a treasury centre that conducts financial transactions could be regarded as a 'financial institution' for FTT purposes.
Hence, depending on the transaction, a liability to FTT might arise.
The proposed FTT is sometimes written as Financial Transactions Tax.
See also
