Taxation
As a follow up to its 2010 Communication on “Taxation on the financial sector”, in February 2011, the European Commission issued a public consultation on this issue. The consultation was focusing on five headings: problem definition, taxation as a relevant measure, financial transactions tax (FTT) and financial activities tax (FAT), cumulative effects with other measures, such as bank levies and regulatory measures.
The Commission wanted especially the respondents to (i) test its assumptions and collect related evidence as regards the definition of the problems to be addressed by the initiative, (ii) to assess the impacts of the set of policy options and (iii) to consult on more detailed aspects of the feasibility and design of the policy options.
Based on the outcome of the consultation, the Commission will give its analysis on whether there should be a legislative proposal or not.
BIPAR response to the Commission's consultation
