The Impact of Financial Transaction Tax on Companies - A Discussion

Said Formosa, Carmel (2015) The Impact of Financial Transaction Tax on Companies - A Discussion. WU International Taxation Research Paper Series, 2015-17. WU Vienna University of Economics and Business, Universität Wien, Vienna.


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In February 2013, eleven Member States agreed to adopt the Commissions' Proposal for a Council Directive implementing enhanced cooperation in the area of financial transaction tax, COM (2013)71 final. This article reviews three thematic areas frequently discussed by practitioners and academia alike on the impact that the Proposal could have on companies operating within participating Member States. This includes the impact on capital and related costs, business strategy and compliance considerations. I ask the question whether the unintentional repercussions could be mitigated by making adjustments to the current Proposal including the expansion of exemptions and the adoption of an implementation framework that takes inspiration from the Value Added Tax System that is already implemented across Member States. (author's abstract)

Item Type: Paper
Additional Information: Editors: Eva Eberhartinger, Michael Lang, Rupert Sausgruber and Martin Zagler (Vienna University of Economics and Business), and Erich Kirchler (University of Vienna)
Keywords: Financial Transaction Tax / Transaction Taxes / Cost of Capital / Tax Burden / Compliance and Administration / EU / Steuerrecht / Verkehrssteuern / Regulierung / Kreditmarkt
Classification Codes: RVK QL 218, QL 418, QL 642
Divisions: Departments > Öffentliches Recht und Steuerrecht > Österr. und Internat. Steuerrecht
Depositing User: Elena Simukovic
Date Deposited: 09 Jun 2015 15:20
Last Modified: 22 Oct 2019 00:41
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