FTT launch agreed for 2016

European leaders have breathed new life into the proposed Financial Transaction Tax, which stagnated after the breakdown of negotiations in December 2014.

France and Austria brought the other 9 European partners back to the table with a compromise proposal to unblock negotiations. The meeting ended with an agreement to launch the tax on 1 January 2016.

The Financial Transaction Tax (FTT) is designed to make the banks shoulder a share of the burden of rebuilding Europe's post-crisis finances, but negotiations have been sluggish. In its initial proposal, the European Commission hoped to levy a tax of 0.1% on shares and 0.01% on bond transactions where at least one of the parties was based in the EU.

 Hans-Jörg Schelling, the Austrian Finance Minister

For more details go through the below link:

http://www.euractiv.com/sections/euro-finance/ftt-launch-agreed-2016-311669

Financial Transaction Tax - No sign of consensus yet?

The idea to introduce a Europe-wide Financial Transaction Tax (FTT) is not new. The Financial Transaction Tax pursues two goals: to regulate the financial market and to generate public revenue.

EU states involved in the development of a Financial Transaction Tax have set a target launch date of 1 January 2016. Greece was the only participant not to sign the agreement

For more details please go through below link:

http://www.kpmg.com/uk/en/services/tax/corporatetax/pages/european-financial-transaction-tax.aspx 

France and Austria table compromise for launching FTT in 2016

Eleven European Union countries that have pledged to impose a tax on financial transactions look set to miss a self-imposed deadline for a deal by the end of the year, according to a document seen by The Wall Street Journal.

The group, which includes France and Germany, agreed to push ahead with a planned tax on share and derivative trades, after discussions for an EU-wide financial transaction tax broke down in 2012. But agreeing on what instruments to tax—and who should get the money—has proved difficult and participating countries now seem close to missing their deadline for agreement by the end of 2014, so that the tax can be implemented by 2016.

For more details please go through the below  link:

http://www.euractiv.com/sections/euro-finance/france-and-austria-table-compromise-launching-ftt-2016-311476

According to Euractiv report.