Taxation of the financial sector published by European Union (2020).
“EU countries and their citizens want the financial sector pays its fair share of taxes.
That is why the EU countries’ tax administrations are looking at ways to tax the financial sector, for example by introducing bank levies and national financial transaction taxes.
The Commission’s proposal for a Financial Transaction Tax (FTT) aims at harmonising uncoordinated Member States’ financial tax initiatives, which could otherwise lead to fragmentation of the Single Market for financial services, and to double taxation taking place…”
