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I'm going to write an updated letter for RallyCongress.com today using parts of Tom Davis' draft letter and my above comments too. I'll have it edited and post a draft on Elite to get suggestions. Time for another full court press with Congress, immediately next week. Don't consider FTT in...

My friend Theresa Carey's column in Barron's reports today that Schwab and TDA are shutting down in Europe due to new taxes and much lower trading volumes. More proof of destruction caused by FTT. Online Brokers Cut Back European, Australian services - Barrons.com...

I added my Comment. We should write our representatives to sponsor Rep. Price's bill. Maybe, add that onto Tom Davis' draft letter to Congress. Silver lining in the French going too far in taxing U.S. ADRs is that Congress will hopefully fight back. This will embolden the UK and Sweden and other...

Good letter, thanks Tom. Please consider posting it on www.RallyCongress.com, so it's easier for people to send it to their Congressmen. Sending it to FTT sponsors won't change their mind. If you prefer, I can set it up on my RallyCongress.com account and promote it to our bulk email list...

EU budget sours UK-Poland relations - FT.com http://www.ft.com/intl/cms/s/0/77ebb80c-29a2-11e2-a604-00144feabdc0.html#axzz2Ctvi2xVg Read this article and you'll probably conclude that Poland will probably vote yes in the upcoming QMV on EC-11 FTT. We were hoping for a no. I'm surprised they...

How about this reason to move out a country? The country is in a short, medium and long-term fiscal crisis, an EU union that may bring it down, it's spending policies are unsustainable based on demographics and immigration policies, and it's attacking it's wealthier citizens with unfair tax...

Finland, Estonia part ways on EU budget, financial transaction tax | Yle Uutiset | yle.fi http://yle.fi/uutiset/finland_estonia_part_ways_on_eu_budget_financial_transaction_tax/6382188 Finnish PM came through so far and makes excellent short and sweet points against FTT. He kept Finland out...

Moody's Cuts France's Rating From Triple-A - WSJ.com http://online.wsj.com/article/SB10001424127887323353204578129502730718358.html See my Comment

Agree, this French article is helpful. It demonstrates with facts what we said would happen and FTT proponents said wouldn't happen. The intended target speculators are easily avoiding the tax and the FTT is falling on ordinary investors, who should not be targeted. Volumes are down, the...

I hope Polish leaders remember their history, including WWII and liberation from the Soviet iron curtain. The UK went to war with Germany to honor the defense pact with Poland under blitzkrieg attack from Nazi Germany creating WWII. I hope Poland doesn't surrender to Franco German dictates and...

Financial Transaction Tax Reach New Stage http://www.taxationinfonews.com/2012/11/discussions-on-eu-financial-transaction-tax-beginning/ Just catching up here on extra territorial reach and residence principal. Seems confusing, difficult to implement and enforce and easy to avoid or evade...

There's a deal to be made that softens the fiscal cliff medicine. Fiscal cliff, fiscal abyss or fiscal three-card Monte? - GreenTraderTax Blog http://www.greencompany.com/blog/index.php?postid=170

Glad to see U.S. financial industry players and organizations waking up to this FTT threat and joining the fight. They will get Geithner and others in the administration and maybe Congress on the case. When the U.S. helps the UK, they can win in Europe.

I walked by OWS campers today extricated from Columbus Circle in Manhattan, on the side walk near Trump International. If there wasn't an OWS sign, you would easily mistake them for homeless people living on the street. These people are not the 99%, they are the hapless 1%. It's sad to see...

Sounds like the UK wants to see the EC-11 FTT fine print, to determine if their final version of FTT is extra-territorial in reach, taxing the UK, or not. Can't blame them. The UK seems to guess the EC-11 FTT will have extra-territorial reach, and they are saying they will force proper...

Good point. Obama has sweet talked bankers when it suited him, although there may not be any good political reason to do so now.

Agree, if the markets meltdown again, and bankers are blamed, it softens up the political minefield for bank taxes. Hopefully, not FTT.

Posted this on the main FTT thread "1/4 percent tax" As figured, it was a status quo election. The same players will negotiate the fiscal cliff in the lame-duck session and the next Congress - Obama, Biden, Boehner, Reid, McConnell, Cantor and Pelosi. None of them are for FTT, and it's not on...

As figured, it was a status quo election. The same players will negotiate the fiscal cliff in the lame-duck session and the next Congress - Obama, Biden, Boehner, Reid, McConnell, Cantor and Pelosi. None of them are for FTT, and it's not on the radar for any grand bargain. Obama wants his bank...

Agree with Tom about a Republican filibuster saving the day on FTT. Even if Dems take control of the House, I am not sure they will back FTT bills. Pelosi and other top Dem leaders of the House didn't like FTT in the past. But, if FTT snowballs in the EU, they could change their tune to be "in...