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Extract from a speech given today at The International Tax Conference in Sweden from Algirdas Semeta : [...]Second, financial sector taxation is another area that the Commission is currently examining. The various options that have been identified, such as taxing transactions or financial...

[...]fear has receded that [Germany] might take a go-it-alone approach to a financial transactions tax. Mr von Schorlemer says: “Naturally, we would be concerned if there were many instances where Germany was taking a go-it-alone approach to regulation, but I don’t believe this is...

[...]Schaeuble also said that he will ask Germany's cabinet to no longer count on revenue from a planned financial transaction tax of around EUR2 billion a year from 2012 on. Germany still wants to convince the European Union to establish such a tax, but due to a prudent budget policy won't...

Some good (and not altogether surprising) news out of Germany: [...]Alluding to the government’s mid-term plans, which provide for the introduction of a financial transactions tax in Germany from 2012, expected to yield EUR2bn in annual revenues for the state, Merkel underscored the...

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201103281014dowjonesdjonline000167&title=eu-tax-chiefaim-to-propose-revised-energy-tax-in-april [...] Semeta added that the commission is assessing both a financial transaction tax and financial activity tax. "It is time to...

That seems likely to me. There was a union protest at the weekend over planned cuts to the public sector during which a few lefties called for an FTT as an alternative to cuts, which is probably this came up in Parliament today . Cameron probably just sought to avoid unnecessary argument by...

[...] Lagarde said a proposal to introduce a global transaction tax on financial dealings remained "a work in progress," but singled out the forex markets as a potential standalone avenue for any levy. She acknowledged her plan--to support spending on development and climate change work--did...

ECB's Trichet testimony to European parliament: ON FINANCIAL TRANSACTION TAX "I'm happy to say again our position is it would be a good idea, were it to be introduced, that it is global. "Otherwise there would be a difference between the way transactions are carried out between Europe...

Another well argued article by Tim Worstall: http://www.gfsnews.com/article/1350/1/Securities_transaction_tax_could_harm_emerging_markets

Financial Transaction Taxes May Not Be Efficient - IMF Paper http://online.wsj.com/article/BT-CO-20110311-715843.html

It is interesting to read in the transcript both of Mr Semeta's addresses, at the beginning and at the end of the debate, where he cautioned against voting for the FTT until after his impact assessment is published this summer. It is clear that he understands the risks of capital flight and...

This is tiresome because proponents will use it to claim the idea has widespread support, even though the MEP's votes do not necessarily have the endorsement of the Countries they represent. Fortunately European Parliament Resolutions have no legislative consequence, so while it is a...

From that article: ''When it comes to a bank transaction tax, that was floated and discussed in the G20, but there is no action flowing from that.'' This seems to confirm again that there is scant interest in an FTT at G20 level.

[European Central Bank Governing Council member and governor of the Bank of France] Christian Noyer : Noyer reiterated that the tax on financial transactions proposed by France to fund the fight against global warming would have to be levied in all countries, including non-cooperative ones...

Straight talking common sense from the Aussies: http://news.smh.com.au/breaking-news-world/swan-talks-up-australian-economy-to-world-20110218-1ayhv.html [...]Asked of French finance minister Christine Lagarde's idea to push ahead with a tax on financial transactions without the support of...

It's just for show. The report (attached) is titled "MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION on innovative financing at global and European level". ( btw, if you read through the attached report you'll see the same old propaganda drivel that Pro FTT crowd love) Anyway here's what...

The European Parliament has no legislative power over taxes whatsoever, so this can't further the FTT cause in any concrete way. The only consequence is that the pro FTT crowd will milk the outcome for all it's worth for propaganda purposes. Interesting that UK conservative MEPs all voted...

Oh no they're not... Germany: no plans for fin tax in less than euro zone BERLIN Feb 4 (Reuters) - Germany is not considering introducing a financial transactions tax at a level smaller than the euro zone, a finance ministry spokesman said on Friday. Earlier, parliamentary sources said...

German CDU mulls transaction tax in three countries BERLIN Feb 4 (Reuters) - The conservative party of German Chancellor Angela Merkel is considering pushing for a financial transaction tax that would take effect just in France, Austria and Germany, sources said on Friday. Europe's largest...

Lagarde Says Trading Tax Needs ‘Coalition of Willing’ http://www.bloomberg.com/news/2011-02-03/lagarde-says-trading-tax-needs-coalition-of-willing-update1-.html France is looking increasingly desperate. 'Coalition of the Suicidal' would be be a better description. Meanwhile another...