Recent content by ksharmon

When Sweden began taxing financial transactions in the 1980s, bond trading fell by 85% and futures trading fell by 98%. By 1990, more than 50% of all Swedish trading moved to London. The tax was declared a failure and repealed in 1991. Recently, Sweden’s Finance Minister Anders Borg quipped...

https://realmoney.thestreet.com/investing/kass-time-to-introduce-a-financial-transaction-tax-and-end-weekly-stock-options-15579929 I am ashamed and embarrassed that someone like Doug Kass doesn't know better than this

Is this thread still active? This topic sadly is back in the news again these days: "James Angel, a Georgetown University professor who specializes in market structure and regulation, authored a Chamber of Commerce-funded paper in 2019 that found a financial transaction tax would hurt Main...

heres yet another arguer for the FTT in Bloomberg opinion 2 days ago https://www.bloomberg.com/opinion/articles/2020-02-14/the-tax-that-ought-to-be-in-every-candidate-s-platform

House Panel Will Unveil Plan on Tax of Financial Products Headline crossing...

Jared Bernstein on FTT –Not only does the FTT exist in many countries—the London exchange has long had one, though its base is limited—but France recently added one and Germany has recently shown strong interest. The more places that have the tax, the less compelling is a central...

Netherlands Fin Min: Dutch govt giving serious consideration to joining countries that are moving ahead with Financial Transaction Tax

Germany Fin Min Schaeuble: 10 countries now support the financial transactions tax; conditions are in place for enhanced cooperation- Reminder: earlier the Spain Fin Min commented that nine euro zone nations support the financial transaction tax Headlines crossing a moment ago

An Anglican Archbishop says something intelligent about the FTT! (FT) Desmond Tutu, Bettina Gronblom--Holy Week calls for Reflection on Earning Money and Faith Does this mean we should not enjoy all the earthly riches and goods? No. Enjoy them. Earn them. It is a misconception that one has...

Danish Economy Minister Skeptical About Tobin Tax Denmark's government is skeptical about the introduction of a financial transaction tax, or 'Tobin' tax, in Europe, Economy Minister Margrethe Vestager said on business news channel CNBC Monday. The current European proposal for a financial...

Transaction Tax debate http://www.bbc.co.uk/news/business-16074212 Apologies if already posted, been crazy busy here....

Trans Tax Supporter Monti set to replace Berlusconi as Italy's PM Per this morning's London Times-- Mario Monti is the original “Super Mario” — a nickname he earned for taking on Microsoft as a tough Competition Commissioner. The 68-year-old US-educated economist, who heads Milan’s...

simon lewis London times why the financial transaction tax is a bad idea today's edition A financial transaction tax would be the wrong choice for Europe at any time; and particularly now. To understand the impact of FTT, we need to answer four essential questions. Is it an efficient...

Anyone wishing to rite the Ft in reply to Archbishop Rowan Williams the address is letters.editor@ft.com

Archbishop Rowan Williams argues for the FTT in yesterday's Financial Times http://www.archbishopofcanterbury.org/articles.php/2236/time-for-us-to-challenge-the-idols-of-high-finance The third suggestion is probably the most far-reaching. The Vatican statement strongly backs the proposal...