SIFMA Submits Comments to the French Minister of Finance on the French Financial Transaction Tax

SIFMA submitted the attached comments to the French Minister of the Economy, Finance and Industry, in which it urged a postponement of the implementation date of December 1, 2012 to impose the newly enacted French Financial Transaction Tax (FFTT) on French American Depositary Receipts (ADRs).

Click hereto view letter in full (links externally to SIFMA website).See alsonews story with related letter to Treasury Secretary Geithner.