Global Correspondence
GFMA and Other Associations Submit Comments to the G20 Finance Ministers Opposing the EU's Proposed FTT
GFMA, the Australian Financial Markets Association (AFMA), the Investment Industry Association of Canada (IIAC), the Japan Securities Dealers Association, and the Korea Financial Investment Association (KOFIA) provide comments to all G20 financial ministers expressing their strong opposition to the EU’s proposed financial transaction tax (FTT). The groups believe the FTT would have unprecedented extraterritorial impacts, contrary to G20 principles, and would harm economic growth.
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