Oxera reviews the European Commission’s economic impact assessment of the proposed financial transaction tax
The European Commission has adopted a proposal for a financial transaction tax (FTT), setting out the proposed base and rate of the tax. The Association for Financial Markets in Europe, ASSOSIM (Italian Association of Financial Intermediaries) and Nordic Securities Association (NSA) asked Oxera to review the Commission’s impact assessment of the proposals. This review focuses on the principal elements of the Commission’s economic impact assessment and considers selected unintended consequences not included in that assessment.
The Belgian Competition Council has conditionally cleared the acquisition by Belgacom of The Phone House Belgium, following an in-depth inquiry. Belgacom is the largest telecoms operator in Belgium, including in the mobile market (through its brand, Proximus). Like the other operators in the market, it owns many single-brand retail stores selling its services. The Phone House is a multi-brand retailer of mobile phone services and handsets.