National treasury Associations across Europe have serious concerns over the business and economic consequences from the way in which the tax will work. The European Association of Corporate Treasurers (EACT) has prepared a position paper for discussion with the European Commission and others. The ACT strongly supports this EACT position.
Then ACT’s concerns have previously been expressed in evidence to the House of Lords European Committee in November 2011 and in response to the European Commission consultation on an FTT in April 2011.
In February 2012 the EACT presented to the Committee on Economic and Monetary Affairs of the European Parliament
