This document calls for strengthening the European Monetary Union in three key ways: 1) Supporting national structural reforms through consistent use of EU instruments and new mechanisms. 2) Rapidly supplementing the EMU with a powerful European banking union. 3) Renouncing further tax increases or projects like the Financial Transaction Tax that could harm the economy. It argues these steps are needed to stabilize the eurozone long-term, ensure financing for the real economy, and avoid counterproductive tax measures.
The EAFS and the policy mix - Marco ButiADEMU_Project
The recovery of the euro area has been particularly slow both by historical and international standards. Nine years after the economic and financial crisis struck, economic activity in the euro area is expanding at a moderate rate. However, the persistence of crisis legacies ─ such as the still-high unemployment rate and weak investment ─ suggest the recovery is not complete.
So far policy actions to support growth have excessively relied on monetary policy, resulting in an unbalanced policy mix. If monetary policy alone cannot lead to balanced growth, is there a case for an expansionary fiscal stance at the aggregate euro area level? Can this be reconciled with the Stability and Growth Pact?
The presentation explores the concept of fiscal space and the effectiveness of fiscal expansion in surplus countries for the euro area’s internal and external adjustment. Finally, it discusses the build-up over the medium term of a fiscal stabilisation function at the central level.
The EAFS and the policy mix - Marco ButiADEMU_Project
The recovery of the euro area has been particularly slow both by historical and international standards. Nine years after the economic and financial crisis struck, economic activity in the euro area is expanding at a moderate rate. However, the persistence of crisis legacies ─ such as the still-high unemployment rate and weak investment ─ suggest the recovery is not complete.
So far policy actions to support growth have excessively relied on monetary policy, resulting in an unbalanced policy mix. If monetary policy alone cannot lead to balanced growth, is there a case for an expansionary fiscal stance at the aggregate euro area level? Can this be reconciled with the Stability and Growth Pact?
The presentation explores the concept of fiscal space and the effectiveness of fiscal expansion in surplus countries for the euro area’s internal and external adjustment. Finally, it discusses the build-up over the medium term of a fiscal stabilisation function at the central level.
The EMS is an intergovernmental organisation created to provide financial assistance to Eurozone Members States in difficulty. It was introduced by the European Stability Mechanism Treaty signed on 2 February 2012. How does it work? How does it operate? What are ‘Dual limb CACs’?
This presentation was made by Scherie Nicol, OECD, at the 9th Annual Meeting of the OECD network of Parliamentary Budget Officials and Independent Fiscal Institutions held in Edinburgh, Scotland, on 6-7 April 2017.
Deloitte global powers of consumer products 2014vishalsingh660
To start a new section, hold down the apple+shift keys and click
to release this object and type the section title in the box below.
Global Powers of Consumer Products 2014
Deloitte Touche Tohmatsu Limited (DTTL) is
pleased to present the 7th annual
Global Powers of
Consumer Products
. This report identifies the 250 largest
consumer products companies around the world based
on publicly available data for the fiscal year 2012
(encompassing companies’ fiscal years ended through
June 2013).
The report also provides an outlook for the global
economy, an analysis of market capitalization in the
industry, a look at M&A activity in the consumer
products sector, and a discussion of major trends
affecting consumer products companies.
On your mark EU Financial Transaction Tax for asset managersKNOWitALL
TO GET READY FOR THE EU FINANCIAL TRANSACTION TAX FINANCIAL INSTITUTIONS ARE IN A RACE AGAINST TIME AND POLITICS!
The article reviews the progress of legislative developments regarding the Financial Transactions Tax proposed by 11 member states of the EU. Drawing from the industry’s experience of implementing similar transaction taxes it analyses impact from the perspective of the operational challenges posed and makes a case for considering these wider implications in time to ensure regulatory compliance.
Jonathan Rodden - Representation and Redistribution in Federations: Lessons f...ADEMU_Project
Professor Jonathan Rodden, Stanford University, describes how he has applied his on work on numerous federations in the United States and extracted lessons and principles that could be theoretically applied to the European Monetary Union.
As a result of the financial crisis and global recession public debt burdens have risen to critical levels in a number of Western European countries. Emergency loans from the EU and IMF have eased funding pressures, but have only bought the region time; painful fiscal adjustment and an improvement in competitiveness is required if the region is to enjoy a sustainable recovery.
Eastern Europe, while rebounding through exports and industrial output, will underperform its emerging-market peers in 2010. Business and consumer sentiment in the region is fragile, and its currency and bond markets are vulnerable to contagion from problems in the euro zone or a rise in risk aversion more broadly.
This presentation takes a look at the economic outlook for both Western and Eastern Europe.
The new European Union (EU) economic governance package released by the European Commission on September 29, 2010 includes two major components, i.e., changes and amendments to the Stability and Growth Pact (SGP) and new regulation on the prevention and correction of macroeconomic imbalances within the EU and European Monetary Union (EMU). While the first piece offers a certain improvement in the EU fiscal surveillance rules the second one looks deeply flawed and operationally unenforceable
Authored by: Marek Dąbrowski
Published in 2010
After reporting very high growth rates as well as being seen as examples of successful economic transition, the “Baltic tigers” (Lithuania, Latvia and Estonia) are now among the worst victims of the global economic crisis. All three have reported large declines in GDP, income and employment, which threaten the significant development progress made since the mid‐1990s.
Authored by: Michaela Pospisilova, Ben Slay
Published in 2009
Deloitte UK State of the State Report 2016-17Deloitte UK
This year’s State of the State finds the UK Government moving from an era of challenge around one objective – eliminating the budget deficit – into an era of multiple and complex challenges. The next five years will see additional demands on the public sector as it manages the UK’s departure from the EU, continues to drive major reforms and maintains business as usual.
The EMS is an intergovernmental organisation created to provide financial assistance to Eurozone Members States in difficulty. It was introduced by the European Stability Mechanism Treaty signed on 2 February 2012. How does it work? How does it operate? What are ‘Dual limb CACs’?
This presentation was made by Scherie Nicol, OECD, at the 9th Annual Meeting of the OECD network of Parliamentary Budget Officials and Independent Fiscal Institutions held in Edinburgh, Scotland, on 6-7 April 2017.
Deloitte global powers of consumer products 2014vishalsingh660
To start a new section, hold down the apple+shift keys and click
to release this object and type the section title in the box below.
Global Powers of Consumer Products 2014
Deloitte Touche Tohmatsu Limited (DTTL) is
pleased to present the 7th annual
Global Powers of
Consumer Products
. This report identifies the 250 largest
consumer products companies around the world based
on publicly available data for the fiscal year 2012
(encompassing companies’ fiscal years ended through
June 2013).
The report also provides an outlook for the global
economy, an analysis of market capitalization in the
industry, a look at M&A activity in the consumer
products sector, and a discussion of major trends
affecting consumer products companies.
On your mark EU Financial Transaction Tax for asset managersKNOWitALL
TO GET READY FOR THE EU FINANCIAL TRANSACTION TAX FINANCIAL INSTITUTIONS ARE IN A RACE AGAINST TIME AND POLITICS!
The article reviews the progress of legislative developments regarding the Financial Transactions Tax proposed by 11 member states of the EU. Drawing from the industry’s experience of implementing similar transaction taxes it analyses impact from the perspective of the operational challenges posed and makes a case for considering these wider implications in time to ensure regulatory compliance.
Jonathan Rodden - Representation and Redistribution in Federations: Lessons f...ADEMU_Project
Professor Jonathan Rodden, Stanford University, describes how he has applied his on work on numerous federations in the United States and extracted lessons and principles that could be theoretically applied to the European Monetary Union.
As a result of the financial crisis and global recession public debt burdens have risen to critical levels in a number of Western European countries. Emergency loans from the EU and IMF have eased funding pressures, but have only bought the region time; painful fiscal adjustment and an improvement in competitiveness is required if the region is to enjoy a sustainable recovery.
Eastern Europe, while rebounding through exports and industrial output, will underperform its emerging-market peers in 2010. Business and consumer sentiment in the region is fragile, and its currency and bond markets are vulnerable to contagion from problems in the euro zone or a rise in risk aversion more broadly.
This presentation takes a look at the economic outlook for both Western and Eastern Europe.
The new European Union (EU) economic governance package released by the European Commission on September 29, 2010 includes two major components, i.e., changes and amendments to the Stability and Growth Pact (SGP) and new regulation on the prevention and correction of macroeconomic imbalances within the EU and European Monetary Union (EMU). While the first piece offers a certain improvement in the EU fiscal surveillance rules the second one looks deeply flawed and operationally unenforceable
Authored by: Marek Dąbrowski
Published in 2010
After reporting very high growth rates as well as being seen as examples of successful economic transition, the “Baltic tigers” (Lithuania, Latvia and Estonia) are now among the worst victims of the global economic crisis. All three have reported large declines in GDP, income and employment, which threaten the significant development progress made since the mid‐1990s.
Authored by: Michaela Pospisilova, Ben Slay
Published in 2009
Deloitte UK State of the State Report 2016-17Deloitte UK
This year’s State of the State finds the UK Government moving from an era of challenge around one objective – eliminating the budget deficit – into an era of multiple and complex challenges. The next five years will see additional demands on the public sector as it manages the UK’s departure from the EU, continues to drive major reforms and maintains business as usual.
The financial crisis of 2007-2009 led to a renewed increase in government deficits and debts in many EU countries, causing a full-fledged fiscal crisis in Greece and severe fiscal pressures in other euro-area countries. This has prompted a series of proposals for improving the fiscal framework of the European Monetary Union, the Excessive Deficit Procedure and the Stability and Growth Pact. The first part of this paper reviews the main properties and developments of that framework until 2007. On that basis, it discusses the recent proposals for reform, which range from marginal improvements of the existing framework to the introduction of an explicit framework for managing fiscal crises in the member states, and the expansion of the scope of policy coordination to address macro economic imbalances and the competitiveness of the member states. We find the proposal of a mechanism for dealing with government default most useful. Attempts to suppress current account imbalances and to target national competitiveness positions would most likely result in serious economic losses and do damage to the internal market of the EU. This would increase the wedge between members and non-members of the euro area.
Authored by: Jurgen von Hagen
Published in 2010
Today I launched my report on the future of the Stability and Growth Pact. This develops my theme of our new National Question. You can view or download the full report, or see the Executive Summary on my website http://www.paschaldonohoe.ie/?p=3435#more-3435.
The Addis Ababa conference is a follow up of the first conference on FfD (Financial for Development) convened in Monterrey in 2002. 'Monterrey Consensus' introduced six "major action" to the FfD. The second FfD conference in Doha in 2008 added a chapter on new challenges and emerging issues that address the impacts of the financial crisis and climate change.
La independencia del Banco Central Europeo (BCE) se ha puesto en cuestión durante la Crisis del Euro. Su participación en la Troika y su papel en la decisión de las políticas macroeconómicas de los Estados ha sido claves (como se ve en la carta de Trichet a Berlusconi).
Pero en realidad el BCE juega un papel decisivo en el que está atacado por todos y apoyado por ninguno. Ya que los Jefes de los Gobiernos europeos actúan lento y mal, el BCE se ve obligado a tomar decisiones lejanas de su mandato original, mientras recibe críticas de estos propios lideres europeos que no están dispuestos a darle los poderes necesarios para convertirlo en un Banco Centrar real.
Le Medef et le BCG sensibilisent les entreprises françaises à la blockchain
La technologie blockchain* est une nouvelle étape de la révolution digitale qui, contrairement à une idée répandue, n’est pas uniquement destinée aux institutions financières et peut être utilisée dans tous les secteurs d’activité. Les acteurs économiques qui n’auront pas su l'anticiper risquent d'être pénalisés. Or, la France, qui bénéficie d’un écosystème dynamique avec de nombreuses startups blockchain et d'un cadre législatif plutôt favorable, a tous les atouts pour tirer pleinement profit de cette vague.
L’ANNÉE 2016 A ÉTÉ UNE ANNÉE DE MI-MANDAT PARTICULIÈRE CAR ELLE A PRÉCÉDÉ DEUX ÉCHÉANCES ÉLECTORALES IMPORTANTES, L’ÉLECTION PRÉSIDENTIELLE ET LES LÉGISLATIVES DE JUIN 2017. ELLE A DONC ÉTÉ CONSACRÉE À CONSOLIDER LES PROJETS ET PROGRAMMES INITIÉS ET LANCÉS DEPUIS MI-2013 PAR LE PRÉSIDENT DU MEDEF ET SON ÉQUIPE ET À PRÉPARER CES ÉCHÉANCES MAJEURES POUR LES ENTREPRISES, LES ENTREPRENEURS ET LA FRANCE.
Le Medef a mis en place un baromètre de perception de l’égalité des chances en entreprise, pour mesurer l’efficacité de l’ambition d’égalité des chances et la façon dont elle guide les comportements collectifs. Il existe depuis 5 ans et recueille les impressions des salariés sur le climat ambiant
Les 8 et 9 décembre 2015, les principales organisations représentant la diversité de la communauté mondiale des entreprises se sont réunies au siège du MEDEF à Paris pour un Sommet mondial des entreprises sur l’énergie et le changement climatique. Cette réunion s'est tenue dans le contexte de la 21ème session de la Conférence des parties de la Convention Cadre des Nations Unies sur les Changements Climatiques (CCNUCC), la COP 21.
Ce projet de rapport a été élaboré dans le cadre du Comité Infrastructures que Pierre Gattaz avait demandé à Jean-Louis Marchand, président d’Advancity, de constituer et d’animer par une lettre de mission datée du 16 février 2015. Ce Comité, constitué de toutes les fédérations, MEDEF Territoriaux et entreprises qui avaient souhaité y participer, avait pour objectif de :
- Mettre en évidence le lien entre infrastructures et croissance ;
- Evaluer les besoins d’infrastructures de réseaux et définir des critères de priorisation ;
- Proposer les modèles économiques et les financements les plus adaptés aux besoins.
Pour ses travaux, le Comité a bénéficié de l’aide de COE-Rexecode pour tous les aspects macro-économiques et de l’expertise des nombreuses personnalités qui ont été auditionnées.
Dans le cadre de ses travaux relatifs à l’égalité des chances et aux diversités, le MEDEF a lancé en 2012, un baromètre de perception du climat d’égalité des chances en entreprise.
Cette étude, reconduite en 2015 pour la 4ème année consécutive, permet de rendre compte de l’efficacité perçue des politiques menées en matière de diversité ainsi que des priorités d’engagement souhaitées par les salariés du secteur privé en France.
Le MEDEF a dressé un état des lieux de la situation de la dépense publique et de la fiscalité pesant sur les entreprises en France et proposé une méthode et des pistes de réforme fondées sur des objectifs clairs :
• Pour la dépense publique :
o Créer un « choc de productivité » dans la sphère publique ;
o Stabiliser les dépenses sociales ;
o Réformer les collectivités territoriales pour dépenser moins et mieux.
• Pour la refondation fiscale :
o Refonder la politique fiscale sur des critères simples ;
o Faire le choix d’une fiscalité des entreprises compétitive et d’une fiscalité du capital et de l’épargne incitative à l’investissement ;
o Renforcer la sécurité juridique et réformer la gouvernance fiscale.
Le MEDEF propose d'inscrire cette stratégie dans une trajectoire permettant de rejoindre la moyenne européenne d'ici à 2020, tant en matière de dépenses publiques que de prélèvements obligatoires.
Créer 1 million d’emplois en 5 ans: la France l’a fait, et bien au-delà, mais on l’a oublié après 7 années de baisse de l’emploi.
Des pays ont retrouvé le chemin de la création d’emploi après 2009, pas la France.
En France, l’emploi total a juste retrouvé son niveau de 2007, pas l’emploi marchand. Ce niveau est dépassé dans d’autres pays.
Vecteur essentiel de la création d’emploi, la croissance ne suffit pas quand le marché du travail fonctionne mal.
Les propositions du MEDEF pour la conférence économique et sociale TPE PME de juin 2015
Soutenir l’emploi dans les TPE‐PME
1. Sécuriser le contrat de travail
2. Assouplir le contrat de professionnalisation
3. Relever les seuils d’effectifs
Soutenir la création et la croissance des TPE‐PME
1. Faciliter le financement des TPE‐PME
2. Améliorer les relations avec l’administration
3. Simplifier les relations avec l’URSSAF
4. Simplifier la facturation électronique
5. Favoriser la reprise d’entreprise par les salariés
6. Soutenir la création d’entreprise
7. Libérer l’activité entrepreneuriale
8. Valoriser l’engagement des entrepreneurs
Le MEDEF, 6 organisations françaises et internationales représentant les entreprises et des dirigeants de 59 entreprises ont d’ores et déjà signé une déclaration présentant les « Propositions des entreprises pour la COP 21 de Paris » (« Business proposals for COP 21 ») et appellent d’autres responsables économiques à joindre le mouvement.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
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Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Improving profitability for small businessBen Wann
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
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The Influence of Marketing Strategy and Market Competition on Business Perfor...
Strengthening the EMU
1. "STRENGTHENING THE EUROPEAN MONETARY UNION"
A CALL FROM BDI AND MEDEF TO THE EUROPEAN COUNCIL
19-20 December 2013
After years of crisis, the member states of the EU are currently emerging from the clutches of
recession. With the acute bailout measures and the first stages of reforms taking effect in member
countries, the opportunity must now be grasped to create a new basis for long-term and sustainable
growth in Europe. The current reforms are not yet sufficient and are not being coordinated
effectively enough. The lack of competitiveness in many EU member countries poses a long lasting
threat to the euro and thus to the European Union.
Our organisations propose three key objectives in order to stabilise the eurozone in the long term:
1. The implementation of national structural reforms should be supported by the consistent
use of existing EU instruments and the introduction of new institutional mechanisms.
2. The European Economic and Monetary Union should be supplemented rapidly with a
powerful European banking union.
3. A decision of the Council to renounce to any further taxation increase within the EU as well
as to taxation projects which could have very detrimental effects on the economy such as the
Financial Transaction Tax (FTT) project.
BDI and MEDEF are calling on the German and French governments to pursue these three objectives
within the European Council:
Objective 1: The consistent implementation of consolidation and reform measures
The reforms already agreed aimed at strengthening the coordination of economic and financial
policy and monitoring budget policies and debt trends are an important step towards stabilising
the eurozone.
The resulting country-specific recommendations now have to be implemented. The following
measures in particular will be necessary to achieve this:
-
broadening of country-specific monitoring;
strict application of the agreed regulations and sanction mechanisms to stabilise and reduce
national debt with the aim of achieving balanced national budgets;
systematic and mandatory use of appropriate instruments already created, particularly the
stability and growth pact.
1
2. European companies, in particular in our two countries, need a clear policy decisions framework
they can rely on. This includes:
National structural reforms aimed at improving investment conditions. Flexible labour markets,
and goods and services markets free from bureaucratic obstacles would help all the member
countries of the EU to achieve more, and sustainable growth.
A stabilisation of public finances with rules of self-commitment and direct responsibility, and
ambitious efforts to reduce public spending. Just as countries are tackling the regulation of the
banks and the financial markets and "holding them accountable" again, they should also take
control of national debt, and implement policies aimed at reducing the debt burden.
Maintaining a consistent balance between member states’ own consolidation and reform efforts
and, in direct association with them, joint solidarity mechanisms which are clearly defined in
terms of scope and duration. The entitlement to solidarity and the obligation to carry out
structural reforms and adherence to the rules are inextricably linked.
A proper balance must be sought between rigorous public finance discipline and economicgrowth oriented policies. Budgetary discipline should not become an excuse for hampering
growth-oriented measures which would lower the tax burden on companies and businesses.
The recent works on tax policy coordination should primarily focus on competitiveness. Fraud and
tax evasion are serious issues, but businesses make every effort to be compliant. Tax measures
must take into account that double taxation and double non-taxation are two sides of the same
medal. Better coordination of tax regimes must result in clearer, less confusing, and modernised
rules, advantageous to both, companies and countries. However, we wish to draw governments’
attention to the fact that uncoordinated policies will inevitably lead to double taxation.
Objective 2: Securing the financing of the real economy
The provision of sufficient financing to the real economy by banks and financial markets is crucial
for competitiveness and growth. The rapid completion of the banking union is crucial to restoring
confidence in the financial sector.
A European resolution mechanism should be agreed before the end of this year if possible. It must
help to re-establish the liability principle. To this end, a mandatory liability cascade must be
created and be harmonised between member states. Specifically, it must be ensured that the
owners and creditors of a bank bear the losses incurred for restructuring or resolution in the first
instance. Such a liability sequence would also be in keeping with the no-bail-out clause enshrined
in Art. 125 of the TFEU and would strengthen the market discipline of banks.
2
3. Objective 3: Refraining from counterproductive tax measures
Regulation for banks and the financial markets must take account of the overall and reciprocal
impact of the many individual measures, in order to avoid making financing conditions more
difficult for the economy. BDI and MEDEF therefore strongly oppose the proposal for a Directive
introducing a Financial Transaction Tax (FTT) in some member states. This FTT would deeply affect
non-financial players and would undermine the attractiveness of the countries concerned, at a
time when Europe needs to attract more capital and investments, and strengthen its
competitiveness.
The FTT would have a considerable detrimental effect on non-financial companies, further
damaging their access to finance and putting them in greater difficulty. In the current economic
and financial context, any further taxation on financial companies and/or financial transactions
would indirectly affect the financing of all companies – especially long term financing –, their
hedging as well as their intragroup management activities. Moreover, it would put companies
established in the taxation area into a competitive disadvantage vis-à-vis other players.
The FTT would also affect directly the financial sector of the countries concerned, as well as their
position as relevant financial centres: they would be significantly weakened by the deflection and
migration of financial transactions. France (and other EU countries) have already had a negative
experience with such a tax even though its scope was much narrower.
Ulrich Grillo
President
Pierre Gattaz
President
Bundesverband der Deutschen Industrie
Mouvement des Entreprises de France
3