European Union - A New Tax Strategy for the European Union: FTT and FAT, Realistic or a Bridge too Far?
- European Union
- G. Meussen
- European Taxation, 2011 (Volume 51), No 2/3
- 12 January 2011
This note examines the various possibilities for imposing a tax on the financial sector, including a Financial Transaction Tax and/or a Financial Activities Tax and concludes that although states may be inclined to introduce such taxes at the national level due to a lack of political will at the EU level, harmonization of direct taxes at the EU level is a better option and an inevitable consequence of a globalized world.