EU FINANCIAL TRANSACTIONS TAX RUFFLES FEATHERS
April 1st, 2013
TO listen to opposing sides in a polarised debate, February 14, 2013, could go down in European business history as a St Valentine's Day Massacre of Europe’s capital markets or as the start of a beautiful love affair with regulation that could help to prevent speculative trading turning boom to bust.Presented on that date, the European Commission's revamped draft directive for a European Union (EU) Financial Transaction Tax (FTT) for 11 participating member states is expected to generate as much as Euro EUR57 billion annually for the EU and these ‘FTT zone’ ...
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