France To Increase Financial Transactions Tax
French deputies have voted in favor of an amendment to the draft 2017 Budget that will increase the country's tax on financial transactions and expand the tax's scope.
Under France's financial transactions tax (FTT), which has been in place since August 1, 2012, transactions in many listed shares are taxed at a rate of 0.2 percent, and derivative transactions are subject to a tax of 0.01 percent.
The amendment approved by members of the French Chamber of Deputies on October 20 will increase the tax on share transactions to 0.3 percent, and extend the levy to short-term intra-day trades.
The main reason for the proposed FTT increase is to cover a shortfall in France's international aid budget. Currently, 50 percent of the revenues raised from the FTT are used to fund international development, but deputies have also voted to increase this percentage to 75 percent.
Howlader Maria & Co joins TGS Global Network
Howlader Maria & Co., Chartered Accountants is a professional firm in Bangladesh which is being formed to provi
Experience Provider joins TGS Global Network
Experience Provider M.E. Limited, is one of the top public accounting and tax advisory services firms in Jordan. They ar
Quantum Auditors & 123 Consulting joins TGS Global Network
TGS are proud to be in South Africa with our most recent member, Quantum Auditors / 1.2.3. Consulting. With offices situ
Massie Turcotte joins TGS Global Network
TGS are proud to announce a new member in Canada. Massie Turcotte gives TGS a presence that stands out from other
PGK Consultores joins TGS Global Network
TGS is delighted to announce the membership of PGK Consultores, Argentina. PGK is a dynamic firm whose partners began th