The Impact of Financial Transaction Tax on Companies - A Discussion

Carmel Said Formosa

doi:10.2139/ssrn.2610590

The Impact of Financial Transaction Tax on Companies - A Discussion

Carmel Said Formosa

Institute for Austrian and International Tax Law

Publication: Working/Discussion Paper › WU Working Paper

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Abstract

In February 2013, eleven Member States agreed to adopt the Commissions' Proposal for a Council Directive implementing enhanced cooperation in the area of financial transaction tax, COM (2013)71 final. This article reviews three thematic areas frequently discussed by practitioners and academia alike on the impact that the Proposal could have on companies operating within participating Member States. This includes the impact on capital and related costs, business strategy and compliance considerations. I ask the question whether the unintentional repercussions could be mitigated by making adjustments to the current Proposal including the expansion of exemptions and the adoption of an implementation framework that takes inspiration from the Value Added Tax System that is already implemented across Member States.

Original language	English
Place of Publication	Vienna
Publisher	WU Vienna University of Economics and Business
DOIs	https://doi.org/10.2139/ssrn.2610590
Publication status	Published - 3 Jun 2015

Publication series

Series	WU International Taxation Research Paper Series
Number	2015-17

WU Working Paper Series

WU International Taxation Research Paper Series

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10.2139/ssrn.2610590

SSRN-id2610590Final published version, 454 KBLicence: Other

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