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European Commission Financial Transaction Tax

Cooley LLP

Blog: Council of the European Union publishes a state of play update on the European Tobin Tax

Cooley LLP on

The Council of the European Union has published a “State of play” document on the Commission’s proposal for a Directive on enhanced co-operation on financial transaction taxes, between Austria, Belgium, France, Germany,...more

Skadden, Arps, Slate, Meagher & Flom LLP

"European Court Rejects UK’s Financial Transaction Tax Challenge"

U.K.’s challenge to the proposed financial transaction tax (FTT), while recognizing that the U.K.’s challenge was precautionary — and possibly premature. The U.K. was challenging the European Council’s Decision...more

Orrick - Finance 20/20

EU Institutions in Public Disagreement over the Legality of the Financial Transaction Tax

Orrick - Finance 20/20 on

Lawyers for the European Commission and EU member states are in public disagreement over the legality of the FTT. A leaked legal opinion produced by the EU Council’s legal service alleged that the FTT was both incompatible...more

Skadden, Arps, Slate, Meagher & Flom LLP

"European Council’s Lawyers Opine That Proposed EU Financial Transaction Tax Is Unlawful"

The European Council Legal Service has issued an opinion that seriously questions the legal validity of the European Commission’s proposals for a financial transaction tax (FTT). The opinion finds that the extraterritorial...more

Dechert LLP

Financial Services Quarterly Report - First Quarter 2013: The European Financial Transactions Tax

Dechert LLP on

The European Commission on 14 February 2013 adopted a proposal for a Directive1 authorising eleven countries – Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia (the “FTT Zone”)...more

Morrison & Foerster LLP

A European Financial Transaction Tax

In September 2011, the European Commission initially proposed that a financial transaction tax (“FTT”) be implemented by all 27 EU Member States, although it soon became clear that a significant proportion of the Member...more

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