The British government has made plain its opposition to the European tax on trading
The British challenge to the European financial transaction tax
(FTT) may flag up issues around extraterritoriality for the 11
countries implementing the levy, leading to a revised version
of the charge on derivatives, according to a legal expert,
writes Joe Parsons.
The European Court of Justice, the
EU’s highest court, will decide on Wednesday
whether EU governments violated rules when they allowed
countries to opt-in to the highly-controversial FTT.
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