The final proposal for the EU financial transactions tax (FTT), to be issued end of 2014, will likely be delayed according to a document prepared by the Italian government for an upcoming ambassadors meeting. According to the document, additional work is needed before agreement on a final proposal can be reached by the 11 EU Member States that support implementing the tax.
The main proposal includes a 0.1% tax on the market price of shares, bonds, collective investment vehicle units, money m…