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Following is information I've collected. Use any way you like. Also sent via your website. Hope you got it. .............................. The Swedish experience (1984-1991) with the FTT resulted in lower GDP and increased unemployment. Most of the tax fell on retail investors and very...

Sarkozy's paltry list is a product of his feeble imagination. Argentina and Brazil have both said they will support the FTT ONLY if it's implemented worldwide. Even Sarkozy knows that's not going to happen. He also fails to mention that eleven of the G20 nations said “no” to the FTT at...

Nigel Farage: Who will defend the City? When Cameron claims he’ll defend London from Brussels he’s lying, says UKIP’s furious leader Nigel Farage. "Worse still there is nothing that we, the electorate, can do to change any of this in a future general election. The latest Brussels...

The 2012 elections will be extremely important. The unions have made it clear that they're going to give their full support to pro-FTT candidates. We need to find and support anti-FTT candidates every way we can.

Seasideheights, thanks for posting these. Everyone here needs to contact their senators and congressional representatives as soon as possible to voice your opposition to these bills. It's very simple. Each member of congress has a website. You can contact them via email, fax and phone...

Sarkozy is halucinating. Here's the scorecard from the G20: Eleven of the G20 nations have said “no” to the FTT. These countries include: the US, Canada, Mexico, the UK, Australia, China, India, Russia, Saudi Arabia, Indonesia and South Korea. In addition, Argentina and Brazil said...

I don't know all the details, but they look at the bank's assets, liabilities and leverage and then tax (and regulate) based upon how much risk they put into the banking system.

Thanks. I'll add it to the list. That makes 11 of the G-20 against, and 4 leaning against or at least not ready to commit support to the FTT. That means there are only 5 G20 members fully committed to the FTT.

For those of you who haven't been closely following financial transaction taxes (FTT) events around the world, here's a summary: 1. The European Union's "Impact Assessment Report" of the proposed EU FTT showed that it would reduce EU GDP, cost thousands of jobs and would actually decrease...

The section on the FTT is devoid of any real economic research. It alludes to general concepts and refers to current transactions taxes but conveniently neglects the hard facts and data that's available. For example, the Gates Report fails to mention that the EU FTT "Impact Assessment...

I doubt there was a formal vote. Ten of the G20 nations have already said "no" to the FTT: the US, Canada, Mexico, the UK, Australia, China, India, Russia, Saudi Arabia and South Korea. Several other countries (e.g. Brazil and Argentina) indicate only conditional support. The most they would get...

Merkel and Sarkozy are left in an awkward position. They've lost the G20 as a "partner" in their FTT scheme; and they also don't have a unanimous vote for the FTT either as EU or EZ. Will they go ahead and implement a limited FTT just among cooperating countries in the EU?

Pretty shocking that 2 of those co-sponsers are from New York, a state that would take it in the teeth economically if the FTT passed. Good that no one from IL signed on.

I agree with you, but I'm just saying that this appears to be the road that Obama wants to travel.

Lael Brainard, Treasury Department Undersecretary for International Affairs, recently said: “We're very much in sync with Europe on their goal of ensuring that large financial institutions bear their fair share of the burden, but the US-proposed 'responsibility fee' would better deter the kind...

Great analysis. Everyone here should read this article.

The FTT is a hot topic right now so the news services are trying to create as many stories around it as possible. They're repackaging the same content with a slightly different spin over and over again because it attracts viewers and sells advertising. They do that with everything.

Thanks for your input. I will make those changes.

Below is the letter that I'm sending (via email and fax) to my Senators and House Rep tomorrow. Feel free to change , borrow, copy word-for-word, etc. -------------------------------------------------- Dear Senator (or Congressional Representative) [fill in name here], I am...

Unfortunately, the public believes all the FTT fairy dust that's thrown their way. Even after the EU Impact Assessment Report showed that the proposed EU-FTT would contract GDP, destroy jobs and be a net tax loss, it still has over 70% support in most European countries. The public is madly...