WFE Response Letter Regarding the European Digital Services Tax Directive - 16 May 2018

The WFE is concerned that the drafting of the proposal would inadvertently capture non-EU trading venues that are accessible, under established supervisory arrangements, to clients in the Union. Third country venues are no less valuable than EU venues and allow EU investors to diversify their investment portfolios. We encourage EU policymakers to preserve investor choice and maintain a level playing field for market infrastructures by ensuring all regulated trading venues are exempted from the legislation, irrespective of their place of establishment.