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Financial transaction tax may not be "appropriate and proportionate", EBF warns Banking body the European Banking Federation (EBF) has criticised the European Commission's plans for a financial transaction tax (FTT) between banks, warning that it may not be an "appropriate and proportionate"...

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Robin Hood tax was always doomed to fail http://www.europeanvoice.com/article/imported/robin-hood-tax-was-always-doomed-to-fail/74060.aspx

I agree. This is the perfect time to put this whole thing to the sword, but Borg has played into Schaeuble's hands. Hopefully he'll reconsider.

Osborne: "Very unlikely" Britain will participate in an EU-wide stamp duty. (German) http://www.freiepresse.de/NACHRICHTEN/WIRTSCHAFT-BOERSE/Briten-straeuben-sich-auch-gegen-abgespeckte-Finanzabgabe-in-EU-artikel7949747.php

German SPD no longer making FTT a condition for their approval of the fiscal pact. (in German) http://www.freiepresse.de/NACHRICHTEN/DEUTSCHLAND/SPD-Troika-praesentiert-Position-zu-Fiskalpakt-artikel7949625.php

COPENHAGEN (Dow Jones)--European finance ministers didn't come close to an agreement on an E.U.-wide financial transaction tax at their meeting in Copenhagen Friday, said Swedish Finance Minister Anders Borg, who called the talks "more constructive." The mood is moving toward a compromise...

Germany proposes stamp-duty style tax for EU COPENHAGEN, March 30 (Reuters) - Germany has proposed initially limiting any tax on financial transactions in the European Union to listed company shares, according to a document circulated at a meeting of EU finance ministers and seen by Reuters...

(google translation) The Danish EU Council President Minister of Economic Affairs Margrethe Vestager will seek "alternatives" to the financial transaction tax. Before the EU finance ministers meeting on Friday in Copenhagen Vestager said that there is a large consensus that the financial sector...

I wonder if he is being forced to push for this extended stamp duty by the SPD and Greens in his coalition. He needs their support for Germany to sign the fiscal compact, but they are making an FTT a pre-condition for their support (even if it's just applied in Germany). The SPD/Greens...

BERLIN: Finance Minister Wolfgang Schaeuble conceded for the first time on Monday that efforts to get a financial transaction tax implemented in the euro zone were doomed. "We just can't get it done," Schaeuble said in Berlin. Schaeuble expressed hope that some countries in the European Union...

(google translation) [...]For the German Finance Minister Wolfgang Schäuble (CDU) Plans for a European tax on financial transactions has now finally abandoned. Even a modified stock transfer tax on the British model as an alternative to the controversial tax on financial transactions was not...

German FinMin Schaueble says Euro area won’t agree on Financial transaction tax: The goal now is EU wide rules on high frequency trading Calls for end of FTT debate at this week’s EU summit Still hopes to get modified stocks transaction tax in place later this year...

Schäuble Eyes 'Extended' Stock Market Tax http://www.tax-news.com/news/Schuble_Eyes_Extended_Stock_Market_Tax____54642.html

It doesn't seem to fit with his earlier rejection of a stamp duty. According to this article, Germany is now working on a scaled down FTT. http://www.banklupe.de/news/schaeuble-in-unions-bundestagsfraktion-hochfrequenzhandel-regulieren-37667/ I read in another German piece (which I've lost...

German Finance Minister Wolfgang Schaeuble said Friday he would seek alternatives to a cross-border tax on the finance industry that has run into fierce resistance in Europe. Speaking to public broadcaster SWR in an interview to be transmitted on Saturday, Schaeuble appeared to back down on a...

(Reuters) - Dutch Finance Minister Jan Kees de Jager said on Wednesday he wanted the European Commission to look for alternatives to a proposed financial transaction tax, which studies had shown to be inefficient and not helpful in stabilising the financial sector. De Jager said in a letter...

Dutch Fin Min to ask EU for an alternative to the FTT http://www.forexlive.com/blog/2012/03/21/dutch-fin-min-to-ask-eu-for-an-alternative-to-the-ftt/ No details given.

As the wheels fall off the european FTT train our enemies turn on each other.:) http://www.tax-news.com/news/EU_Parliamentary_President_Slams_Merkel_On_FTT____54567.html During a recent gathering of the German Social Democrats (SPD) in Berlin, President of the European Parliament Martin...

BERLIN—Germany appears to have accepted defeat in its efforts to convince other European countries to impose a kind of sales tax on financial transactions in the European Union or in the smaller euro zone, possibly putting up an obstacle to ratifying the permanent euro-zone bailout fund in...