EFTA Document EFTA01449311

30 July 2013 Exchange Rate Perspectives: FX and the Financial Transaction Tax FX and the Financial Transaction Tax e In February 2013, the European Commission published a detailed proposal of a Financial Transaction Tax (FTT) to be implemented based on an 'enhanced cooperation' agreement between 11 participating EU member states. a The proposal will tax transactions in securities at 0.1% of notional value and derivatives at 0.01%. The FTT will be levied on all transactions involving f