Recent content by NielsenDK

EU considers implementing transaction tax without the US.. http://www.europarl.europa.eu/news/expert/infopress_page/044-69368-054-02-09-907-20100223IPR69367-23-02-2010-2010-false/default_en.htm

Not if you are from the US, the current bill taxes all trades for Americans no matter where they are placed.

I did. This was all she knew, they just agree that they want to push for the tax, but it is clear that they haven't thought out the details, such as rates on futures, options and FX. They are waiting for the IMF report in April to sort that out, but ALSO to compare that to the other options...

The rates are not set yet. I will keep you posted as my sister works in the Danish Parliament, so she keeps me posted :) The difference between the EU and the US is that the Europeans does not want to destroy the traders nor liquidity, they want additional funds, primarily to cover foreign...

Here is the letter from Gordon Brown to all EU leaders today: http://www.number10.gov.uk/Page21696 In particular we should: 1. Actively support and contribute to the IMF’s work on how the financial sector could contribute to paying for burdens associated with government interventions to...

The new Trio of Germany, France and the UK are discussing the limits right now which are currently at 0.005% to 0.05% per side. They have held discussions with Denmark (hosting the Copenhagen summit and Sweden, holding the EU chairmanship - though both oppose it currently). However, they...

http://www.bloomberg.com/apps/news?pid=20601086&sid=a3JfW7SXZIDY France and Brazil Seek Financial Tax to Aid Environment They seem to think that you can just tax financial transactions to reduce unemployment, climate changes, environment, budget deficit and you name it. Even the unions...

http://www.guardian.co.uk/business/2009/nov/23/imf-head-turmoil-warning Strauss-Kahn had recently ruled out a transaction tax on City profits, such as a new version of the "Tobin tax" which prime minister Gordon Brown is lobbying for. Today, though, the IMF head softened his position –...

Good find. But don't think is it dead yet. The only way for this to die is for the Conservatives to win in the UK in April and the Republicans to regain a lot of seats next year.

Russia considering tobin tax :( http://online.wsj.com/article/BT-CO-20091119-702602.html The two frontrunners for the EU presidency, Jean-Claude Juncker and Herman Van Rompuy, that will be decided today, both support a tobin tax :(

http://www.cityam.com/news-and-analysis/gfgvl8v5hc.html Quote from the soon-to-be UK Prime minister :D "TORY leader David Cameron yesterday threw his weight behind the City as he hit out at government proposals for a Tobin tax on global financial transactions, saying it was a “bad...

Worry about high frequency trading rules? I doubt there are any traders on ET that would even fit into that category.

http://www.financialexpress.com/news/India-likely-to-oppose-UK-proposal-to-impose-financial-transaction-tax/539325/ India likely to oppose UK proposal to impose financial transaction tax

The UK Conservative Party, which is expected to win the UK election by a wide margin no later than April, just shot it down also. "The Tories claimed that it was dead and that the affair showed Brown would do anything for a "cheap headline"."

Kudlow should be the one hosting this segment.