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BRUSSELS (Dow Jones)--An upcoming proposal from the European Commission to tax financial transactions will cover a broad range of securities, including stocks, bonds, derivatives and structured products, a commission spokesman said Wednesday. "We intend to propose a transactions tax with a...

Britain is to sue the European Central Bank for setting rules that allegedly handicap the City of London and would force one of the world’s largest clearing houses to decamp operations to the euro area[...] [...]An ECB policy paper, released in the summer, requires clearing houses to be...

"The minister reiterated he was opposed to a tax on financial transactions, stressing the Netherlands would never introduce such a tax. " http://www.xe.com/news/2011/09/20/2167437.htm?c=1&t=

Dutch FinMin: Will never accept a financial transactions tax http://www.forexlive.com/blog/2011/09/20/dutch-finmin-will-never-accept-a-financial-transactions-tax/ Great news if true! The Netherlands are in the Eurozone and as long as they hold firm then Schaueble can stick his idea where...

I don't think backbone comes into it. An FTT runs directly counter to UK interests and taxation is still within the remit of individual countries - although this is precisely what the commssion wants to change. The way it stands today, the commission can't exert pressure in this area - nor...

Italy "not enthusiastic" about FTT fearing that trade would migrate to other locations outside Europe. (in German) http://de.reuters.com/article/economicsNews/idDEBEE78G02O20110917

Geithner rejects FTT (again) http://www.cnbc.com/id/44547867

The Netherlands also won't do it unless it's global, and with Britain supposedly capturing 72% of all European transactions there will surely be others too who will say no way.

Barroso tries to twist arms on financial tax [...][However] Singapore, a thriving financial centre which relies on low taxation, will be more difficult to convince. Barroso met with Lee Hsien Long, the country's prime minister, last Saturday to outline the EU's response to the sovereign debt...

Divisions appear in German coalition over Schaeuble's remarks: (google translation from German) In the new coalition is brewing controversy over the introduction of a financial transaction tax. The fiscal policy spokesman of the FDP parliamentary group, Volker Wissing rejected on Thursday...

Schaeuble seems to acknowledge defeat at EU 27 level :- (in German) http://www.zeit.de/news/2011-09/parteien-eu-weite-finanztransaktionssteuer-wackelt-01110009

From a speech delivered by Sarkozy to French ambassadors:- [But] I wanted the G20 to discuss development financing as well. Given how difficult it is for the developed countries to increase public assistance, and given the scope of the challenges to be met in the most vulnerable countries...

Czech PM rejects transaction tax http://www.reuters.com/article/2011/08/31/idUSP7E7J302P20110831

Germany’s Vice Chancellor and leader of the Free Democratic Party (FDP) Philipp Rösler has placed an almost impossible condition on providing his party’s support for the introduction of a financial transactions tax, as sought by German Chancellor Angela Merkel and French President Nicolas...

Could it be that this new proposal is just an attempt to regain the initiative back from the commission by releasing a Franco-German proposal ahead of the commssion's proposal? Germany objected to the commission's recent announcement of an FTT proposal because it proposes to fund the European...

France and Germany have been pushing for a European FTT for some time, and Germany admitted not long ago that they could not even get a majority from other EU countries (and they need unanimity). I don't see this as news unless there is something we don't know about.

Only 6 out of the 17 eurozone countries have AAA status, in contrast to the UK (including the IoM), Sweden, Norway, Denmark, and Switzerland, all outside the Eurozone and who have all got AAA status. Now Jose Manel Barroso wants a European Ratings agency( to control the news?)...

Financial transactions tax: panacea, threat, or damp squib ? (This is a paper from March 2010 - not sure if it has been posted here before) Abstract: Attempts to raise a significant percentage of gross domestic product in revenue from a broad-based financial transactions tax are likely to...

Survey Shows That End Customers May Bear the Burden of Any New Tax on the EU Financial Sector http://insurancenewsnet.com/article.aspx?id=269918

George Osborne stopped by FTT campaigners and asked about FTT (youtube): http://tinyurl.com/6zwyua8