Saturday February 22, 2020

Financial Transaction Tax is payback time for banks

Post-Brexit, the FTT is a moral imperative that would net millions for the state

10th July, 2016
"Britains difficulty is Irelands opportunity."

First proposed by the EU in 2011, the Financial Transaction Tax (FTT) is a proposed levy that financial services would have to pay when they buy financial instruments. It operates in the same way as property taxes. When a transfer of ownership occurs, a duty must be paid to the state.

In the case of financial services, it means a 0.1 per cent tax on trading in shares and bonds and a 0.01 per cent tax...

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