Italy’s Stability Law Introduces the Financial Transaction Tax
/Autori: Piergiorgio Valente e Federico Vincenti
Italy’s 2013 Stability Law, which became effective on January 1, 2013, introduces the Financial Transactions Tax (the so-called “Tobin Tax”). The new tax is levied on transfers of ownership of shares or other participating financial instruments, transactions involving financial derivatives and securities that have underlying participating financial instruments, and high-frequency trading.
