Impact of the FTT on the profitability of financial market

activities – the assessment of Goldman Sachs Research

In a recent research report Goldman Sachs tried to assess the impact of the FTT

proposal of the European Commission on the profitability of financial market activities

(Goldman Sachs, 2013).

The main results are summarized as follows:

“On a 2012 pro-forma basis, the FTT would amount to