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The Robin Hood Tax is gently mocked in a blog in the Telegraph today: http://blogs.telegraph.co.uk/news/tobyyoung/100025643/a-robin-hood-tax-is-a-terrible-i-mean-brilliant-idea/ A Robin Hood Tax is a terrible … I mean brilliant idea By Toby Young Bill Nighy and his chums have...

http://robinhoodtax.org.uk/ Here's their first video promotion on the good old Guardian (who else?): http://www.guardian.co.uk/business/2010/feb/09/tobin-tax-nighy-curtis-film

The predicted celebrity "Robin Hood Tax" campaign starts tomorrow - a reduced threat compared to what's come before but even so, it could still fuel populist support...

EU parliament backs creation of bank crisis fund http://www.forexyard.com/en/news/parliament-backs-creation-of-bank-crisis-fund-2010-02-09T162615Z-EU EU-BANKFUND * EU lawmakers say banks should pay into emergency cash pot * Idea proposed by Swedes, examined by Germany * Move...

UK Treasury sees insurance levy as most likely option: http://www.guardian.co.uk/business/2010/feb/07/g7-alistair-darling-levy-banking Alistair Darling believes plans for a new global levy or tax on banks could be agreed within 18 months after finance ministers from the G7 industrial...

Looks like Brown is preparing to throw in the towel. Perhaps we'll see global dismissal of the FTT even before the IMF report in April. Excellent news today.

Video of Duncan Niederauer talking about the Transaction Tax from the Forbes blog: http://video.forbes.com/fvn/rgm-davos-10/concerns-over-a-transaction-tax#

From Forbes: http://blogs.forbes.com/davos/2010/01/30/nyse-euronext-ceo-lets-restart-reform/ NYSE Euronext's chief executive, Duncan Niederauer, says he sees some progress in the battle of banks vs. regulators. He's calling on everyone to hit the restart button, by creating a new framework...

The shortened Daily Mail URL: http://tinyurl.com/ydk7kqa A similar article from the Telegraph : http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7079257/Mervyn-King-rubbishes-Gordon-Browns-Tobin-plan-allies-himself-with-Barack-Obama.html Mervyn King rubbishes Gordon...

Mervyn King, Governor of the Bank of England, dismisses the Tobin tax: <object width="560" height="340"><param name="movie" value="http://www.youtube.com/v/sN8Wf8LWiAQ&hl=en_GB&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess"...

A little bit more on Bank of England Governor's dismissal of the Tobin tax reported earlier today: Governor Mervyn King: Gordon Brown's city tax is bottom of our list of options The Governor of the Bank of England yesterday embarrassed Gordon Brown by saying his idea for solving the...

This is particularly pleasing as Cameron has said that should the Tories win the election they plan to scrap the FSA, and beef up The Bank of England's role in regulation. If so, it's goodbye (socially useless!)Adair Turner of the FSA and hello Mervyn King.

A nice quote from Mervyn King, Governer of the Bank of England: "... Mr King dismissed the idea of a “Tobin tax”, pitting himself against the government. The idea was floated by Prime Minister Gordon Brown, and is said to be gathering support. “Of all the components of radical reform, I...

Estimated at around 70% exempt in 2005. http://www.elitetrader.com/vb/showthread.php?s=&postid=2705778#post2705778

Lord Myners talking about today's meeting: <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/UbIa8uspS4s&hl=en_GB&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed...

Deutsche Boerse Gentz: Opposed To Fincl Mkt Transaction Tax http://online.wsj.com/article/BT-CO-20100125-710407.html?mod=WSJ_latestheadlines FRANKFURT (Dow Jones)--The supervisory board chairman of German exchange operator Deutsche Boerse AG (DB1.XE) warned Monday against new and...

That's what I thought. However, The article dates from May 2002 . The OECD view seems a bit different today unfortunately.

I completely agree.

UPDATE: Nasdaq CEO: Proposed Transaction Tax Will Hurt Growth By Darrell A. Hughes and Jacob Bunge Of DOW JONES NEWSWIRES http://online.wsj.com/article/BT-CO-20100121-713069.html?mod=WSJ_latestheadlines WASHINGTON (Dow Jones)--Nasdaq Chief Executive Bob Greifeld, on...

Much is made by proponents of the tax of London's use of a stamp duty apparently without ill effects. However, amongst other things, the existence of large scale exemptions make that argument meaningless. In 2007 a report : “Stamp duty: its impact and the benefits of its abolition” was...