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"The French Senate Foreign Affairs Committee has unanimously adopted an international solidarity tax on financial transactions within the framework of the 2012 finance bill. The Senate believes that a financial transactions tax implemented at national level would serve to yield around...

The Truth About the Financial Transactions Tax http://www.forbes.com/sites/timworstall/2011/11/20/the-truth-about-the-financial-transactions-tax-or-the-robin-hood-tax/ "To watch the financial transactions tax (FTT) being discussed is to be reminded of piglets at swill bucket time. Squeals of...

"Swedish Finance Minister Anders Borg pointed out that a financial transactions tax in his country saw implementation costs out-run revenues." http://msn.finance.com.my/index.php/rss/5504278 ------------------------------------ Quite a tax if the implementation and collection costs alone...

One reason why France would like to see Great Britain given the F tax: "Dr Cable also questioned where money from the tax would end up. France is Europe’s third biggest economy and the world’s second largest agricultural exporter – an industry which receives half of the EU’s...

France plans strongest HFT attack yet The French Senate will vote this week on a draft proposal designed to curb automated trading in what marks the strongest and most direct attack yet on the high frequency trading phenomenon. The French Senate's finance committee last week adopted a...

Congress's insider trading If you are guaranteed to beat the market by 12 percent every year, an FTT won't hurt them any. ------------------- "The study found that during the boom years of 1993-98, a majority of US Senators were trading stocks - and beating the market by 12...

From the Clifford Chance report: "If the securities pass through market makers as well then the rate will be even higher." And with the individual traders out of business, bid-ask cost will increase to an estimated 2 percent per round turn. I have read on ET, but not from the source...

"In a letter to the deficit panel, lawmakers–led by Sen. Tom Harkin, D-Iowa, and Rep. Peter DeFazio, D-Ore., said that analysis conducted by the Joint Committee on Taxation found that the Wall Street Trading and Speculators Tax Act introduced Nov. 2 would raise $353 billion from January 2013...

Taxing Stock Trades Will Hurt Main Street http://online.wsj.com/article/SB10001424052970204224604577029793292855040.html?mod=googlenews_wsj

I don't remember Luxembourg (Eurozone) and Romania (EU member) mentioned before as being negative toward FTT. --------------------------- "Luxembourg is the second largest investment fund centre in the world after the United States, the premier captive reinsurance market in the European...

Excerpts from a letter to the SEC from Vanguard. -------------------------------- The recent financial crisis has caused terms like "dark pools" and "high frequency trading" to become part of everyday political discussion. Accordingly, some have called for immediate action to regulate and...

A few FTT promoters: --------------- Shady UN Development Agency Pushes Hard For Global Tax http://canadafreepress.com/index.php/article/42115 United Nations Development Programme. The UNDP has been pushing some sort of global financial tax for at least twenty years. The Association...

Even heavily censored, the Fecalators are not serving a socially useful purpose.

Bank Transfer Day On a Saturday? Every bank where I live is closed on Saturday. I guess I'll miss out.

Good info. And shocking info: "The “cascade effect” makes the effective rate of the FTT on securities much higher than the headline rate of 0.1% - perhaps ten times higher." "If the securities pass through market makers as well then the rate will be even higher." ( If? Big firms...

Stocks and bonds cause income inequality, to tax them creating job losses doesn't apparently. Article is not really worth reading. The sentence below just shows how the OWS hive works. ----------------------- "...the Financial Transaction Tax (which would tax the stock, bond and...

Bill Gates Doesn't Understand the Robin Hood Tax: There is No New Revenue "We’ve just lost 7 times more in revenue than we’ve gained." http://www.forbes.com/sites/timworstall/2011/11/03/bill-gates-doesnt-understand-the-robin-hood-tax-there-is-no-new-revenue/

"Germany was initially in favor of the tax idea but has turned lukewarm and is contemplating what the proceeds of such a tax should be used for." http://www.reuters.com/article/2011/11/03/us-g20-tax-idUSTRE7A22NY20111103 ----------------------------- Where's that coming from?

They removed my post after being displayed more than 12 hours yesterday. ---------------- I wrote something like: “Robin Hood Tax rate of 0.05 per cent...return expected...$410bn globally" - That is more than the global profits of the entire financial sector. So, it really is the people...

http://online.wsj.com/article/SB10001424052970204394804577009823316771852.html?mod=googlenews_wsj The RalphiNader