• Financial Transaction Tax: European Commission Publishes Revised Draft Directive on Financial Transaction Tax
  • February 26, 2013
  • Law Firm: Sullivan Cromwell LLP - New York Office
  • Following a European Council decision to allow eleven member states of the eurozone (including France, Germany, Spain and Italy) to introduce a financial transaction tax or “FTT” using the “enhanced cooperation” mechanism, the European Commission published a revised draft FTT directive last week.