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Keyword: Financial transaction tax

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Eleven countries in Europe have agreed to establish the tax

Canada’s investment dealers have been passing on the cost of France’s financial transaction tax (FTT) to their clients on transactions the firms process involving French securities and American depository receipts (ADRs), even as Canadian financial services industry groups lobby against such taxes and the introduction of a broader European FTT set for next year. “Canadian […]

Groups call on Canada to continue voicing opposition to the proposed FTT at the upcoming meeting of G20 finance ministers later this month

FTT expected to raise €30 billion or more

Studies suggest tax increases volatility and decreases trading volume

Global securities industry lobbyists warn financial transaction tax will harm economic growth

Outlook and resilience of the UK banking sector has improved

Funds raised will go towards reducing UK budget deficit

Rate for 2011 will be 0.05%

Tax could help promote financial stability and reduce volatility