EBF has published its report on the Commission’s proposal to introduce an FTT at a European level. It remains unconvinced of the Commission’s argument to support the proposed directive. EBF believes the Commission’s economic analysis has been performed using an over simplified model. EBF also believes that the Commission has not adequately understood the structural disruption to financial markets that an FTT would cause and is stunned to see that the Commission considers a 90% disruption to certain markets as an acceptable consequence. (Source: EBF Reports on the Proposed Financial Transactions Tax Directive)
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EBF reports on the proposed Financial Transactions Tax (FTT) Directive
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Senior Patent Counsel
Royal DSM NV