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Legal Update

A global financial transaction tax by any other name?

February 2013
Mayer Brown Legal Update
On 14 February 2013, the European Commission published a proposal for a financial transaction tax (“FTT”) to be introduced in a subset of the EU: Germany, France, Spain, Italy, Belgium, Austria, Estonia, Slovenia, Slovakia, Portugal and Greece. The scope of the proposal is such that it is being termed a global financial transaction tax. Should it be adopted, the tax will come into effect on 1 January 2014.


  • Sandy Bhogal
    T +44 20 3130 3645
  • Alexandria Carr
    T +44 20 3130 3398
  • Charles-Albert Helleputte
    T +32 2 551 5982
  • Astrid Pieron
    T +32 2 551 5968

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