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Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax

Algirdas Šemeta, Member of the EC in charge of Taxation, Customs, Statistics, Audit and Anti-Fraud, gave a press conference to present the details of the Financial Transaction Tax (FTT), which will be implemented under enhanced cooperation. As requested by the 11 Member States that will proceed with this tax, the proposed Directive mirrors the scope and objectives of the original FTT proposal put forward by the Commission in September 2011. The approach of taxing all transactions with an established link to the FTT-zone is maintained, as are the rates of 0.1% for shares and bonds and 0.01% for derivatives.
When applied by the 11 Member States, this Financial Transaction Tax is expected to deliver revenues of 30-35 billion euros a year.
Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
Algirdas Šemeta, at the podium
Reference: P-022696
Date: 14/02/2013
Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
Algirdas Šemeta
Reference: P-022696
Date: 14/02/2013
Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
Algirdas Šemeta
Reference: P-022696
Date: 14/02/2013
Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
Algirdas Šemeta
Reference: P-022696
Date: 14/02/2013
Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
Algirdas Šemeta, at the podium
Reference: P-022696
Date: 14/02/2013
Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
Algirdas Šemeta
Reference: P-022696
Date: 14/02/2013
Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
Algirdas Šemeta
Reference: P-022696
Date: 14/02/2013
Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
Algirdas Šemeta
Reference: P-022696
Date: 14/02/2013
Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
Algirdas Šemeta
Reference: P-022696
Date: 14/02/2013
Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
Algirdas Šemeta
Reference: P-022696
Date: 14/02/2013
Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
Algirdas Šemeta
Reference: P-022696
Date: 14/02/2013

Related photos

Press conference by Algirdas Šemeta, Member of the EC, on the Financial Transaction Tax
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18:14 Press conference by Algirdas Šemeta on Financial Transaction Tax
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