Taxation of the Financial Services Industry—Views from Europe and the United States

The financial services industry received significant support from governments around the world as a result of the global financial crisis. This has led to discussions at both the national and international level concerning the appropriate regulatory regime for the financial services sector and, more recently, the appropriate taxation of the industry.

More regulation and taxation can often translate into increased compliance burdens for institutions and companies with cross-border operations. Shifts in these tax policies may also result in changes in key strategic decisions and potential arbitrage, especially when the policies lack coordination.

Please join Astrid Pieron and Jason Bazar as they discuss the latest developments affecting the taxation of the financial services industry. The topics to be covered during the call include:

• Why proposals for “targeted” taxation of the financial services sector are becoming more frequent?
• What types of taxes on the financial services industry are being considered?
• The current policy thinking from the G20, regional and domestic movements
• The reply of stakeholders: taxation, regulation, efficiencies

Listen to audio recording >>

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Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.