ECONOMY - FINANCE / (ae) taxation

Commission forecasts that FTT will ultimately raise €22 billion

Brussels, 04/07/2016 (Agence Europe) - The European Commission calculates that the future financial transactions tax (FTT) may generate income of €22 billion in its final implementation stage, according to a note to the delegations dated 29 June, of which EUROPE has had sight.

In its initial implementation phase, during which only the shares of countries participating in the FTT will be taxed and certain derivative products excluded from its scope of application, the FTT may generate...