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The Economic Impact of the Financial Transaction Tax on the EU
The European Commission has adopted a proposal for a financial transasction tax (FTT), setting out the proposed base and rate of the tax. The Association for Financial Markets in Europe, ASSOSIM (Italian Association of Financial Intermediaries) and Nordic Securities Association (NSA) (hereafter referred to as 'the European trade associations') asked Oxera the review the Commission0s impact assessment of the proposals.
This review focuses on the principal elements of the Commission's economic impact assessment and considers selected unintended consequences not included in that assessment. This report presents the findings of Oxera's review.
