close
Share with your friends

EU: Update on financial transaction tax; Dominica removed from “blacklist”

EU: Update on financial transaction tax

The Economic and Financial Affairs Council of the EU (ECOFIN) on 14 June 2019 received an update from the 10 EU Member States participating in the “enhanced cooperation procedure” concerning developments regarding a financial transaction tax.

1000

Related content

At the ECOFIN meeting, the German finance minister expressed a belief that an agreement modelled on a French version of a financial transaction tax was expected to be finalized in the next couple of weeks. 

The ECOFIN also approved, without discussion, amendments to the EU “blacklist” of uncooperative jurisdictions for tax purposes. Dominica was removed from the blacklist, which now includes 11 jurisdictions.


Read a June 2019 report prepared by KPMG’s EU Tax Centre

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal