The European Commission has adopted a proposal for a financial transaction tax (FTT), setting out the proposed base and rate of the tax.
The Association for Financial Markets in Europe, ASSOSIM (Italian Association of Financial Intermediaries) and Nordic Securities Association (NSA) asked Oxera to review the Commission’s impact assessment of the proposals. This review focuses on the principal elements of the Commission’s economic impact assessment and considers selected unintended consequences not included in that assessment.