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Swedish Finance Minister, Anders Borg, has been saying for over a year now that the FTT costs will be greater than the revenues. He also said that the FTT will increase unemployment and decrease GDP. An EU commissioner refered to Borg's statements as: "alarmist, and not helpful." That's what...

Ireland, Poland and the Czech Republic have all said at one time or another that they would vote against the FTT unless the UK was willing to participate. But Ireland received a lot of help from the EU restructuring its debt, so it may be difficult for them to say no. Poland and the Check...

Possible EU FTT scenario: 1. The EU commisssion proposes an FTT that covers the entire EU (27 countries). 2. The UK, Sweden, the Netherlands and Malta vote against the EU-wide FTT. 3. The EU then proposes a Eurozone only FTT (17 countries). 4. The Netherlands and Malta say they...

http://www.ft.com/intl/cms/s/0/c4cb5688-e53c-11e0-852e-00144feabdc0.html#axzz1ZB5VEiGM UK faces tax plan hit despite mooted opt-out The European Commission is to propose as early as next week a sweeping new EU tax on financial transactions that could cover the City of London even if the UK...

http://www.ft.com/intl/cms/s/0/53d33c34-e924-11e0-9817-00144feab49a.html#axzz1ZB5VEiGM New transaction tax would drive trade in derivatives from Europe José Manuel Barroso, European Commission president, will on Wednesday unveil plans for a new tax on all types of financial instruments...

WHO HAS THE MOST TO LOSE FROM THE EU FTT? I was thinking about which country has the most to lose from an EU financial transactions tax. Whoever has the most at stake is the country that’s most likely to vote “no” and stand their ground against the FTT no matter how much pressure is put...

This is a month old (8/17/11), but shows there's more oppostion to the FTT than the EU taxocrats would like anyone to know. I was beginning to believe that Ireland was out of the picture...

Not when I talk to my kids (ages 10 and 13). I teach my kids to think about problems, get a thorough understanding of the situation, and then come up with solutions. Blaming others is just a way to vent emotions. It's not a solution. Blaming others teaches kids that if you can find someone...

In the short run, this isn't about tax rates. The EU taxocrats will agree to any tax rate that casts the FTT net as broadly as possible. Their strategy has two steps: step1 -- short term strategy: implement a broad FTT with very low rates to bring in as many countries as possible; step 2...

They will try to make the tax look small and harmless, but keep in mind this quote from EU Tax Commissioner Semeta: "The moment in which we introduce a tax on financial transactions on a global level, of course, everything looks different. Then we can also raise the tax rates."

Malta is also against the FTT. They're against any EU imposed tax. http://www.timesofmalta.com/articles/view/20110902/local/Brussels-to-insist-on-financial-transaction-tax.382954 Malta, which has a thriving financial services industry, is opposed to the introduction of the [financial...

One of my wife's sisters is married to a Dutchman. Several years ago when we discussed the formation of the EU and adoption of the Euro he was generally in favor of it. However, he did express his concern that the larger countries could try to bully the smaller countries. I remember him saying...

We have U6 unemployment which is a more accurate calculation. Politicians don't like to talk about it. They always report the "U3" number because it doesn't look as bad. http://www.bls.gov/lau/stalt.htm Scroll down to the table. Our national U6 unemployment rate is 16.3%. Some states...

The Dutch Finance Minister, Jan Kees de Jager, has said on several occasions that he won't support a financial transactions tax because it will drive investment capital out of the Netherlands. Until recently, nobody paid much attention to him. Since he's one of the last significant holdouts...

Informative article regarding Buffett's statements. From cbsnews with real numbers: http://www.cbsnews.com/stories/2011/09/20/politics/main20108710.shtml Rich taxed less than secretaries? Maybe not. This year, households making more than $1 million will pay an average of 29.1 percent...

The polls say that most people believe that other people's taxes should be higher. Wow! What a surprise.

He's always saying that the UK has a stamp tax, but never mentions that nearly 80% of all transactions are exempt. I know he's aware of it because I've sent him several very polite emails correcting him on his many omissions and misstatements of the facts.

Maybe the best thing we (Americans) could hope for would be a Eurozone only FTT. Investment firms and traders across the European continent will flee to London, New York, Chicago, Toronto, Hong Kong, Singapore, etc. The US would definitely benefit as capital, trading volume and jobs relocate to...

januson, If volume plummets and bid/ask spreads get very large, that will be bad for traders no matter how much volatility increases. Are there many traders in Denmark? Best regards, Tom

Are you saying that I shouldn't care if I make money or lose money when I trade?