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Very good news for now, although things could change in Germany next year with the general elections and related coalition power plays that will follow. Hopefully the FDP increase their share of the vote in the German elections. We need more pro business parties like them in Europe. Now...

Its obvious now that FTT is coming to europe, but it is not obvious it is coming to the whole of europe, probably not even the whole of the eurozone either.

yes.. but certain instruments are more easily taxed than others. In the UK shares are taxed regardless of where they are traded and it seems to raise revenue. Sweden tried something but they failed based on the reason you mention, i dont know why sweden failed but the UK still continues to...

If FDAX is trading is based in Switzerland, then traders like those in London and Switzerland and the US should be exempt. But volumes in the FDAX could still fall, as individual traders could be caught based on any residency rules they introduce and be forced to abandon short term trading...

Maybe this explains why Eurex dont seem to be very concerned about the FTT.

If the "l'impot de bourse" is anything like UK stamp duty, it is the private pension funds who pay most of it, and not the banks. I wonder how happy the french electorate are going to be with that?

This is still worrying. First they tax stocks, then they go after bonds, then finally try and do derivatives. I think existing rules stop them from applying FTT to FX. Stocks transactions can be taxed anywhere in the world because transfers have to re-registered each time there is a...

Could be a Posion pill incase the French opposition win. Like the 50% top rate of tax Brown left for Cameron, it doesnt raise much extra revenue but Cameron and Osbourne dont have the balls to repeal it.

Also Sarko and Merkel are on different election schedules. The new German line could just be a tactic to delay things until their own elections. Sarko must believe he get can max benefit from FTT now, for his french elections which are quite close. And Merkel will want to milk the...

Implementation of such a controversial taxation should be a common and concerted action among all 27 EU member countries, said Steffen Seibert, spokesman for German Chancellor Angela Merkel. "Under such a circumstance it must be clearly clarified, that the financial transaction taxation must...

Prime Minister David Cameron has said for the first time he would veto a European-wide financial transaction tax unless it was imposed globally, deepening a confrontation with European Union heavyweights France and Germany...

And i have always wondered why Sweeden didnt try and do both? And this is probably the reason why the current lot are not deterred by the swedish experience.

As futures trader in more concerned about futures which are hedging instruments and dont pay any interest, and shouldnt be confused with the real thing.

I dont think Intellectual property rights can interfere with the resale of products anyway. If you own a BMW and resell it, BMW cant demand a cut of the second sale.

Can you read?, this is a Eurex section thread. And Germany is the biggest financial center in the Eurzone, all the others are not anywhere near as important.

No need. The German government cant tax derivatives trading in the USA or Japan (or anywhere else) where none of the counter parties are German. They can try it on but they wont get far.

What legal power to they have impose the tax on say a US citizen trading Bund futures if they were listed on say the CME? They have none. But they can tax a German who trades Bunds anywhere in the world. So that is might point, there is some advantage of moving eurex outside of Germany...

They cant stop derivatives from moving, as much as they would like to. If anyone wants to set up a futures exchange in the say the USA or Asia to hedge the future price of german goverment bonds, the germans cant come in and tax you. They can however hit germans who want to bet on your...

The UK can stop it from going EU wide but they cant stop France and Germany or any other country from implementing the tax by themselves. "French officials are in contact with Germany to produce a paper on a transaction tax before the Brussels summit with a view to proceeding without Britain...

Does anyone know what plans Eurex have? If this is introduced they need to move out of Germany, or at least move the product trading out, so at least the traders outside Germany and France wont be hit by the tax. If Eurex stay in Germany then everyone trading Eurex products gets hit with...