Financial Transaction Tax: The automation tipping point
Financial transaction taxes (FTT) have been on the European legislative agenda for almost a decade, with the 2008 global financial crisis creating political pressure to ensure that the financial sector contributed fairly to the costs of the crisis.
Following the lead of France and Italy, where FTT was introduced in 2012 and 2013 respectively, FTT is also on the agenda for Spain and the wider European Union, and is also being debated in the United States.
With more countries looking increasingly likely to implement taxes on financial transactions, the need increases for a platform that automates the regulatory requirements across tax regimes to ensure timely compliance with the various rules.
Download our latest whitepaper for insight into the FTT challenge and how technology can help firms respond to the pace, scale and complexity of these taxes.