Italy’s financial transaction tax complies with EU law, court rules–MNE Tax
May 13, 2020 Europe, Featured News, Financial transactions tax, Italy
▻https://mnetax.com/italys-financial-transaction-tax-complies-with-eu-law-court-rules-38636
On 30 April, the European Court of Justice released its long-awaited judgment in Société Générale SA (C-565/18), concluding that Italy’s financial transaction tax on derivatives of equity transactions is compatible with EU law.
Under the ECJ’s lens was the compatibility of the Italian financial transaction tax, the so-called Tobin Tax, with the non-discrimination principle (article 18 TFEU) and freedom of movement of services (article 56 TFEU) and capital (article 63 TFEU).