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| (FTT).
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| A tax to be levied on certain financial transactions.
| | The sale of shares, originally placed with overseas investors, back into the domestic market by those investors. |
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| In 2011, the European Commission proposed a harmonised Financial Transaction Tax for the entire European Union. The objectives of the proposed FTT were to:
| | == See also == |
| * prevent the fragmentation of the Single Market that could result from numerous uncoordinated national approaches to taxing financial transactions | | * [[Share]] |
| * ensure that the financial sector made a fair and substantial contribution to public finances
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| * discourage financial transactions which do not contribute to the efficiency of financial markets or of the real economy.
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| The initiative was also designed to be a first tangible step for taxing such transactions on a global basis.
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| FTTs are designed to be levied at the financial institution level.
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| 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.
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| The proposed FTT is sometimes written as Financial Transactions Tax.
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| == See also ==
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| *[[Robin Hood tax]]
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| *[[Tobin tax]]
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| *[[Germany]]
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| *[[Hypothecation]]
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Revision as of 14:19, 23 October 2012
The sale of shares, originally placed with overseas investors, back into the domestic market by those investors.
See also
