Tag: Financial Transactions Tax

March 18, 2014 BY Gerald Segal

EU's Transaction Tax might also be applied to spot forex trades

A newly issued legal opinion 'does not exclude' spot forex transactions from the planned transaction tax. Reuters reports that EU lawyers have requested and received a legal opinion that taxing spot forex transaction does not conflict with the EU's commitment to the free movement of capital. Attempts to introduce a global or pan-EU transactions tax…

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February 24, 2014 BY Gerald Segal

EU seeks power to revive a scaled back Transaction Tax

Another opportunity for the UK to solidify its position as the European financial center As a coalition of 11 Euro Zone member countries is struggling to introduce a new levy on financial products transactions and it is becoming increasingly clear that the division on the issue is more widespread than originally thought. While The Netherlands, UK, Sweden…

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July 30, 2013 BY Gerald Segal

GFMA hires Morgan Stanley and Goldman Sachs alum Andrew Harvey to fight FX transactions tax

Lobby group GFMA has been actively fighting a Europe-wide financial transaction tax. The Global FX Division of financial sector lobby group Global Financial Markets Association (or GFMA) has hired Andrew Harvey as Managing Director, Europe. This represents a very senior hire for GFMA -- Harvey joins from Morgan Stanley where he was COO of Derivatives Operations.…

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