(Difference between pages)
imported>Doug Williamson |
imported>Doug Williamson |
| Line 1: |
Line 1: |
| (FTT).
| | The settlement date is the date on which a security transaction is settled, for example, payment is made and securities are physically received and delivered or beneficial ownership records are changed in central securities depositories. |
|
| |
|
| A tax to be levied on certain financial transactions.
| |
|
| |
|
| 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 | | * [[Central securities depository]] |
| * ensure that the financial sector made a fair and substantial contribution to public finances | | * [[Trade date]] |
| * discourage financial transactions which do not contribute to the efficiency of financial markets or of the real economy.
| |
|
| |
|
| The initiative was also designed to be a first tangible step for taxing such transactions on a global basis.
| | [[Category:Financial_products_and_markets]] |
| | |
| | |
| 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 ==
| |
| *[[Robin Hood tax]]
| |
| *[[Tobin tax]]
| |
| *[[Germany]]
| |
| *[[Hypothecation]]
| |
Latest revision as of 08:55, 7 February 2019
The settlement date is the date on which a security transaction is settled, for example, payment is made and securities are physically received and delivered or beneficial ownership records are changed in central securities depositories.
See also
