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Compromise Accepted on EU Financial Transactions Tax but Final Decision Delayed to September — Orbitax Tax News & Alerts

Austrian Minister of Finance Dr Hans Jörg Schelling announced on 17 June 2016 that the ten EU Member States supporting the EU Financial Transaction Tax (FTT) have accepted a compromise proposed by Austria, but that a final decision on the FTT is delayed to September 2016 so technical details can be worked out. A final decision on outstanding issues was to be made by 30 June ({News-2016-06-08/P/2- previous coverage}). According to the announcement, if a solution to the remaining issues is not found by September, an agreement on the FTT will probably not be reached.

Click the following link for the announcement.