1/4% Tax on all stock trades pushed in NY Times today

[Explorer]

The European Central Bank's Christian Noyer has said that the European Comissions' proposed transaction tax will raise no funds, and could penalise savers. The official also warned that the tax, planned by 11 EU countries, could hinder the monetary policy transmission mechanism.

http://www.cityam.com/blog/ecbs-noy...-complicated-and-could-affect-small-countries

 

[TraDaToR]

http://www.ft.com/intl/cms/s/0/67e572aa-c46f-11e2-9ac0-00144feab7de.html#axzz2UaphlBYo

 

[TraDaToR]

http://in.reuters.com/article/2013/...-transaction-tax-cut-as-idINDEE94O00F20130525

 

[Explorer]

Former SEC chairman Arthur Levitt, says FTT is a terrible idea in this podcast:

http://castroller.com/podcasts/BloombergSurveillance/3577585

 

[Explorer]

Danish Bank governor rejects financial transaction tax

http://www.centralbanking.com/centr...sh-governor-rejects-financial-transaction-tax

 

[Explorer]

France seeks overhaul of FTT

http://www.ft.com/cms/s/0/cd41584a-c7a7-11e2-be27-00144feab7de.html

 

[Explorer]

A Tobin tax is unworkable - and Europe's politicians know it

http://www.telegraph.co.uk/finance/...workable-and-Europes-politicians-know-it.html

 

[sheda]

France is agitating for a full overhaul of Europe’s planned financial transaction tax to scale back its reach over derivatives markets while controversially extending the levy to currency trades.

Great ~ Bar the fact it directly contradicts the free movement of capital and hits London and business just as hard if not harder than anything else. Ten pip spread for a start, Genius!

 

[Bac0n]

wanna levy currency trades stupid French...

God i hope an asteroid hit that stupid country....

 

[sheda]

http://www.ft.com/cms/s/0/ba8e4232-c79b-11e2-9c52-00144feab7de.html#axzz2UlTmuGlH

I can not believe who wrote this article, they havent even read the commisions proposol.