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Financial Transaction Tax

Financial Transaction Tax

The latest information on the EU’s FTT proposal and various country FTTs.

The latest information on the EU’s FTT proposal and various country FTTs.

The European Commission’s proposal for an EU wide tax on financial transactions (FTT) has generated much public and political discussion since it was published on September 28, 2011. The issue has been particularly high on the agenda of many EU Member States’ governments, eleven of which have expressed their willingness to move forward under enhanced cooperation. This means that, in principle, there is sufficient support for those Member States to adopt an FTT between themselves under this procedure.

Financial sector organizations have a clear need to stay informed of developments in this area and the potential impact these may have on their business. In order to meet this need KPMG member firms have set up an FTT technical and business support unit, coordinated by KPMG’s EU Tax Centre. The unit combines tax and industry specialists from KPMG member firms in key European jurisdictions and is supported by a detailed knowledge and information sharing platform.

Learn more about the services provided by KPMG regarding the FTT.

FTT latest

FTT FAQ

KPMG's Introduction to FTT

  • An overview of the proposed EU financial transaction tax

Official documentation

  • European Commission:
    • Text of the Proposal – enhanced cooperation (PDF 142 KB) (14 February 2013)
    • Impact Assessment – enhanced cooperation (PDF 418 KB) (14 February 2013)
  • European Parliament:
    • Resolution on the Commission’s proposal – enhanced cooperation (3 July 2013)
    • Decision authorizing enhanced cooperation (12 December 2012)
  • Economic and Social Committee: opinion – enhanced cooperation (23 May 2013)
  • Status of legislative procedure for the Commission’s FTT proposal – enhanced cooperation (23 May 2013)
  • Court of Justice of the EU:

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