Financial Transaction Tax: The Impacts and Arguments – A Literature Review
With continuing uncertainty over the potential plans for the introduction of a multi-jurisdictional financial transaction tax in Europe, PWC has compiled a literature review distilling the main points from a large body of literature that has been generated to date on the European Commission’s proposal for a harmonised FTT.
The report offers an impartial view and provides an indication of the expected impact of the FTT across the financial services sector, as well as the spill-over effects beyond the EU-11 states. It includes key arguments for and against the EC’s proposal and the experiences of the implementation of several historical and contemporary national FTTs. The report was commissioned by a group of 27 trade associations, financial market organisations and business groups.
The executive summary of the report synthesises the key findings of the literature review in order to serve as a briefing note for policymakers and senior officials, who are being sent the report to assist in their decision making processes as the debate on the introduction of the FTT continues.
Link to: Financial Transaction Tax: The Impacts and Arguments – A Literature Review
Documents (1) for Financial Transaction Tax: The Impacts and Arguments – A Literature Review
Latest
Credit Derivatives Trading Activity Q2 2025
This report analyzes credit derivatives trading activity reported in Europe. The analysis shows European credit derivatives transactions based on the location of reporting venues (EU versus UK) and product type. The report also compares European-reported credit derivatives trading activity to...
ISDA Trading and Treasury Forum: CEO Remarks
ISDA Derivatives Trading and Treasury Forum London, September 16, 2025 Opening Remarks Scott O’Malia ISDA Chief Executive Officer Good morning, and welcome to the ISDA Derivatives Trading and Treasury Forum. Thank you to CME Group for partnering with us...
Recognition of Cross-product Netting is Critical
US regulators are in the process of making important changes to the regulatory capital framework by proposing modifications to the enhanced supplementary leverage ratio, which should help stop it from acting as a non-risk-sensitive constraint on bank capacity – a...
ISDA, GFXD Response to FCA on SI Regime
On September 10, ISDA and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association responded to the Financial Conduct Authority's (FCA) consultation paper CP25/20 on the systematic internalizer (SI) regime for derivatives and bonds. ISDA and the...