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[...][Financial secretary to the UK Treasury] Mark Hoban went on to brand European proposals for an EU-wide financial transaction tax as ‘ill thought through’, arguing it would 'weaken and not strengthen the economy'. 'At a time when Europe needs growth and the job it creates, it is hard...

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G20 Russia says no to FTT. http://en.ria.ru/business/20111010/167530434.html

[...]Mr Semeta replied that the scope would need to be as wide as possible, but said he was fully aware that it would not yet be possible to go global. He also stressed that if some Member States were not willing to participate it would be possible to use enhanced cooperation, with the tax...

While I wouldn't trust Labour as far as I could throw them, it appears even they are against an EU only FTT at least for now: "As the German Parliament backs an enhanced fund to deal with the Eurozone crisis, Labour has backed the Government's position of only supporting a "Tobin tax" on...

http://europa.eu/pol/tax/index_en.htm Your national government decides how much tax you pay – not the European Union. What the EU does is ensure that national tax rules are consistent with the Union’s overarching goals of job creation and that they do not give businesses from one country...

"Innovative financing" is leftie-speak for new taxes, which are sought relentlessly to enhance "social justice" (leftie-speak for wealth redistribution). Socialists are always on the look-out for new taxes as socialism can't work without suckers to pay for it.

Czech FinMin slams Barosso’s tax plan as populism http://www.ceskapozice.cz/en/news/politics-policy/czech-finmin-slams-barosso%E2%80%99s-tax-plan-populism

European transaction tax bad for banks - Dutch http://www.reuters.com/article/2011/09/29/dutch-tax-idUSA5E7KQ02920110929 "If such a tax must be introduced, than it must be done globally. If you only do it in Europe, that would be very bad, and even dangerous for the European banks,"

Ireland are now saying no to FTT unless it is global - not just EU27 as before. "There is also a need to ensure that our response to the crisis is coordinated at the global level, to make sure that measures are internationally consistent,"...

The European Commission Proposal (pdf): http://ec.europa.eu/taxation_customs/resources/documents/taxation/other_taxes/financial_sector/com%282011%29594_en.pdf

Well that was a waste of time - he spoke briefly about an FTT but no detail.

Barroso's address to European Parliament about to start now: http://www.europarltv.europa.eu/en/live/player.aspx?sid=659cb819-a077-4ed6-998a-9de601019a46

Expressing lost GDP in € instead of a percentage really brings home the idiocy of their idea. Who's going to vote for losing €216bn?

Of course the loss in GDP will not hurt the commission who get to receive their shiny new tax, but it will hit the nation states instead. The commission couldn't care less about the overall destructive economic effect as long as they get more power and more taxes.

WASHINGTON, Sept 25 (Reuters) - Finance chiefs from the Group of 20 nations and the 187-country International Monetary Fund met from Thursday to Sunday[...] [...]The G20 was split over a proposal for a financial transactions tax, which G20 president France says could be used to fund aid...

Brazil congress defeats financial transactions tax http://www.reuters.com/article/2011/09/21/brazil-politics-health-idUSS1E78K0PN20110921 Brazil is a G20 country.

A broad group of trade associations sent a letter to U.S. Treasury Secretary Timothy Geithner reiterating their opposition to a financial transaction tax and urged him to continue to encourage other G20 members to resist pressure to adopt proposals for this tax on a global basis[...]...

EU FTT proposal may be announced on Wednesday. http://www.telegraph.co.uk/finance/financialcrisis/8782663/Debt-crisis-live.html EU financial transaction tax to be proposed next week, probably as a "Robin Hood" crowd pleaser for Barroso's #SOTEU speech to MEPs on Weds

A summary of [Bill Gates's] report points out that forms of financial transactions taxes (FTT) already exist, as is the case in Britain and India, "and therefore seem to be feasible even without universal adoption"...