Sen. Pat Roberts, R-Kan., and Rep. Tom Price, R-Ga., have introduced legislation in the Senate and the House to block foreign governments from collecting taxes on securities transactions.
The European Union is moving closer to agreeing to impose a financial transaction tax that would apply to 11 member states and the tax could affect U.S. investors as well (see Don’t Have a Fit, or a FTT). France and Italy have already levied taxes on financial transactions.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access