On a recent trip to Hong Kong, a European Union tax commissioner sought to counter criticism of the planned financial transaction tax, but it's still not clear how the levy will be applied.
Tag : ftt
The Italian financial transaction tax is due for collection from tomorrow, but some smaller brokers in Hong Kong are still readying themselves, says Ernst & Young.
Some form of the financial transaction tax being debated in Europe will come into force, but what the final rules will look like is still unclear, and a decision is some way off.
The global trading head at Axa's investments arm argues that exemptions are required to broad-brush transparency regulation to prevent a funding seizure.
Market operator Multifonds sees no prospect of Ucits falling out of favour in Asia, unless Europe imposes a financial transaction tax.
