Ad
The FTT would hit all euro-denominated trades (Photo: Travel Aficionado)

Britain renews attack on EU transactions tax

British chancellor George Osborne has attacked EU plans to create a financial transactions tax (FTT), describing it as "poorly designed, badly timed and unlawfully extraterritorial."

He said it would "hinder EU growth by disrupting the diverse markets used by corporates to raise financing for long-term investment … [and] undermine the single market by splitting tax treatment of derivatives into two regimes."

He predicted it would also cause "conflict" within the G20, a forum of le...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

The FTT would hit all euro-denominated trades (Photo: Travel Aficionado)

Tags

Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Ad

Related articles

Ad
Ad