The European Commission has published, explained clearly and has been fighting hard for years for a broad and unprecedented concept of residency and tax jurisdiction, with extraterritorial reach that would tax investors and markets around the world to which the EU countries that enact the tax have no connection.
Now they are saying that they are not?
It sounds like the same tactic where bills were introduced in the US with a 0.5% rate. That didn't work so they lowered it to 0.03% to make it more attractive. Pass the tax and raise the rates.
Tax commissioner Semeta said that the rates would go up once the EU FTT is enacted. What stops the EU from broadening the tax if enacted?
Now they are saying that they are not?
It sounds like the same tactic where bills were introduced in the US with a 0.5% rate. That didn't work so they lowered it to 0.03% to make it more attractive. Pass the tax and raise the rates.
Tax commissioner Semeta said that the rates would go up once the EU FTT is enacted. What stops the EU from broadening the tax if enacted?
