Financial transaction tax: sending shock waves through global financial services
If it is implemented as proposed, the financial transaction tax (FTT) is likely to cause distortion to the financial sector, both within the EU and outside, and will almost certainly change the way we do business. As a result, some activities may relocate out of the affected area. Some product lines might be pulled altogether as a result of increased costs.
Here Allen & Overy intends to provide useful insights into the FTT and an overview of how this proposal is assessed. In Part I, the law firm looks at the scope of the tax and its potential impact. In Part II, it addresses the question of its legality.
Allen & Overy finishes in Part III by examining the impact in particular jurisdictions, such as Belgium, Germany, France, Italy, Luxembourg, the Netherlands, Spain and the UK…
If you are registered and logged in to the site, click on the link below to read the rest of the Allen & Overy briefing. If not, please register or sign in with your details below.
News from Allen & Overy
News from The Lawyer
Briefings from Allen & Overy
The ITC has reaffirmed its power to ban electronic transmissions from the US where those transmissions infringe an intellectual property right or are otherwise based on an unfair trade practice.
A new French law, the ‘Law to recapture the real economy’ (‘Loi visant à reconquérir l’économie réelle’ or ‘Loi Florange’), was made on 1 April 2014.
Analysis from The Lawyer
Imagine you’re the general counsel of London-based private equity investor BC Partners. You’re sipping on your coffee, hashing out the details of your imminent £382m investment into UK-based business publishing company Mergermarket.
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe