Financial Transaction Tax

(FTT).

A proposed tax to be levied on certain financial transactions, particularly any financial transactions which do not contribute to the efficiency of financial markets or of the real economy.

FTTs are designed to be levied at the financial institution level.

It is possible that a treasury centre that conducts financial transactions could be regarded as a 'financial institution' for FTT purposes.

Hence, depending on the transaction, a liability to FTT might arise.

The proposed FTT is sometimes written as Financial Transactions Tax.

See also

• Financial institution
• Hypothecation
• Real economy
• Robin Hood tax
• Tax
• Tobin tax
• Transaction

External link

• Financial Transaction Tax proposals - European Union