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Not directly related to an FTT but a (very) German view of wider upcoming power plays in Europe : Phoenix Europe How the EU Can Emerge from the Ashes http://www.spiegel.de/international/europe/0,1518,797626,00.html [...]Now there are many in Berlin who hope that the idea of a "core...

FT article on prospects of FTT in EU and EZ, with discussion of implications of "residence principle" of taxation if eurozone goes it alone: http://www.ft.com/cms/s/0/9a4317b6-107f-11e1-8298-00144feabdc0.html [...]a big flashpoint could be the “residence principle” for enforcing the...

Click on "share" under video window, then "embed".

Thankfully it is not true! From a bit earlier in that article: "12.52 Handelsblatt has published a "fictitious speech" for David Cameron ahead of his meeting with Merkel. Ostensibly it looks some vintage German humour. "

No progress made on European transaction tax according to joint Merkel-Cameron press conference just now.

Agreed Sheda. Two thirds of countries were either sceptical or hostile to an FTT in last week's Ecofin hearing (http://video.consilium.europa.eu/we...=775-979-10381). Germany and her allies aren't winning, so their answer is to turn up the heat.

Who the hell do the Germans think they are? U.K. Won’t ‘Get Away’ With Transaction Tax Refusal, Kauder Says http://www.bloomberg.com/news/2011-11-15/u-k-won-t-get-away-with-transaction-tax-refusal-kauder-says.html Merkel ally tells UK to be less selfish on Europe...

http://www.cliffordchance.com/publicationviews/publications/2011/10/financial_transactiontaxupdate.html

This isn't what you're looking for Tom, but maybe of interest nonetheless: Examining the Main Street Benefits of our Modern Financial Markets Charles M. Jones and Erik R. Sirri From the executive summary: America’s vibrant capital markets are the global gold standard, fueling the...

bjw Thanks for the summary - good info

:)lol

<iframe width="560" height="315" src="http://www.youtube.com/embed/vnCO7N9Mdnw" frameborder="0" allowfullscreen></iframe> The whole debate (1h36m) can be seen at http://video.consilium.europa.eu/webcast.aspx?ticket=775-979-10381, I started watching the full session but I must admit I...

Tortoise ZoneAlarm/Checkpoint on my computer is flagging up http://www.financialtransactiontaxes.com as suspicious. Are you sure it's not porn?

I don't get that either.The EC proposal bases liability on residence, but I don't see how that could work without all 27 states signing up. How can countries that have signed up be able to tax economic activity in jurisdictions that haven't signed up? Assuming the UK stays out, how would a...

http://www.ft.com/cms/s/0/9adeec5a-0a2f-11e1-92b5-00144feabdc0.html Britain has launched a blunt attack on the “fanciful” Franco-German push for a financial transaction tax, amid signs of waning support for the measure both inside and outside the eurozone. A heated debate between...

If the Austrian article is correct in it's numbers, then it may not be possible for any enhanced cooperation agreement to take place as had been feared before. From wikipedia (http://en.wikipedia.org/wiki/Enhanced_co-operation) the mechanism needs a minimum of one third of Member States...

There is plenty of positive news in this Austrian article on this morning's Ecofin meeting: http://derstandard.at/1319182279285/Land-gegen-Land-EU-Finanztransaktionssteuer-spaltet-Eurozone (google translation): [...]Urged at the meeting of EU finance ministers, especially Germany to...

Sarkozy looks set to lose to Francois Hollande in next year's election (http://www.expatica.com/fr/news/french-news/socialist-hollande-would-crush-france-s-sarkozy-poll_183275.html). That doesn't mean we'll be any better off though. Hollande is a socialist who has endorsed a 0.5 percent levy on...

An assessment of EU plans for an FTT from UK law firm Clifford Chance, including why introducing the FTT as part of VAT - and other back-door methods - aren't going to work:- http://www.cliffordchance.com/publicationviews/publications/2011/10/financial_transactiontaxupdate.html

Also add Indonesia to the nos:- Financial transaction tax that requires financial transactions (in banks, stocks and bonds) to be taxed. Indonesia opposes the plan as it is still developing its banking intermediary function and retail investors’ interest in investing in debt and capital...