The ITPF News Blog is managed by the students at the University of Florida Levin College of Law International Tax LLM Program.
By Josh White
The UK financial sector could face a financial transaction tax (FTT) among a raft of tax reforms if the Labour Party wins the upcoming snap general election. The UK has an SDRT rate of 0.5% on share trading, which raised £3.5 billion ($4.5 billion) in 2017/18. Labour’s proposal would expand this to include transactions involving corporate bonds, equity and credit derivatives, raising an extra £2.1 billion in annual tax revenues.
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