On Wednesday 4 September, the European Commissioner for Taxation, Pierre Moscovici, expressed scepticism over the idea mooted by French President Emmanuel Macron of launching a financial transactions tax (FTT) project between the 28 member states, but excluding derivatives (see EUROPE 11870).
The Commissioner told the press that he would “rather see an FTT through enhanced cooperation, which can quickly lead to projects pressing ahead” (our translation throughout). He went on to stress...