Invest Europe
Financial Transaction Tax
Key policy areas
19 Nov 2019
The idea of introducing a European Financial Transaction Tax (FTT) became popular in the aftermath of the 2008 financial crisis. However, a formal proposal in 2011 for a pan-European FTT failed to get unanimous backing from EU countries. Eleven member states decided to continue discussions on the project, although progress has been very slow. A new Franco-German push did generate headlines and new political momentum behind the European FTT plan in 2019.
How does it affect private equity?
A poorly designed FTT would risk jeopardising economic growth and investments in Europe. For private equity, it is imperative to ensure that primary transactions remain outside the scope of any FTT, as their inclusion would increase costs and therefore hamper capital raising.
FTT library
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Financial Transaction Tax
Member guides
22 Jan 2014
Position Paper on the Omnibus on taxation
Positions & consultation responses
30 Mar 2026
Tax obstacles for cross- border remote employees
Positions & consultation responses
20 Mar 2026
2018 Invest Europe Tax Benchmark Study
Member guides
14 Jun 2018
Response to Capital Markets Union Mid-Term Consultation
Positions & consultation responses
17 Mar 2017
Response to European Commission Call for Evidence on EU Regulatory Framework for Financial Services
Positions & consultation responses
31 Jan 2016
EVCA-PAE Response to Green Paper on Capital Markets Union
Positions & consultation responses
13 May 2015
EC Green Paper on Capital Markets Union
Positions & consultation responses
18 Feb 2015
Position paper on the Financial Transaction Tax
Positions & consultation responses
07 Mar 2014