|
Although Luxembourg will not participate in the Financial Transaction Tax project to be launched in 11 EU countries under an enhanced cooperation procedure, the FTT is a subject that enjoys a lot of attention in the financial centre. It should thus come as no surprise that the conference the ABBL organised on the FTT on 20 November 2012, in cooperation with ACI, was fully booked. The two speakers, Jan Eger, Government Affairs Executive at Reuters, and Rüdiger Jung, Head of Legal and Tax at the ABBL, provided some fascinating insights into the FTT’s potential implications on financial markets and on the Luxembourg financial centre, respectively.
As Eger pointed out, the Commission didn’t mince words when it argued for the introduction of an FTT in its draft directive of...
|