Central collection box proposed for FTT

A 'dedicated tax collection utility' is one of four options being considered for collecting Europe's proposed financial transaction tax

The proposed European financial transaction tax may be collected through a central industry utility, raising the possibility of using existing market infrastructure such as trade repositories to gather the levy.

The creation of a "dedicated tax collection utility" is one of four options listed in a European Commission document on the FTT's "collection methods and data requirements".

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