1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Canadian goverment falls, election set for May:
http://news.yahoo.com/s/nm/20110325/wl_nm/us_canada_politics
I guess we'll have to see how this plays out. It sounds like Harper should still win but he's worried about the (3) other parties forming a coalition after the electon. I wonder what affect that would have on Canada's firm 'no' to the FTT debate.
-Guru
http://news.yahoo.com/s/nm/20110325/wl_nm/us_canada_politics
I guess we'll have to see how this plays out. It sounds like Harper should still win but he's worried about the (3) other parties forming a coalition after the electon. I wonder what affect that would have on Canada's firm 'no' to the FTT debate.
-Guru
[...] Lagarde said a proposal to introduce a global transaction tax on financial dealings remained "a work in progress," but singled out the forex markets as a potential standalone avenue for any levy.
She acknowledged her plan--to support spending on development and climate change work--did not have backing from the U.S..
"The first challenge is to clarify and identify the transactions," she said of the levy plan.
http://www.nasdaq.com/aspx/stock-ma...onfident-concerted-fx-action-would-work-again
She acknowledged her plan--to support spending on development and climate change work--did not have backing from the U.S..
"The first challenge is to clarify and identify the transactions," she said of the levy plan.
http://www.nasdaq.com/aspx/stock-ma...onfident-concerted-fx-action-would-work-again
This is a bit of a concern. Hopefully Harper remains prime minister. You just know if the libertards get control of the Canadian Government, they will advocate for a global FTT. We need to watch this one. Hopefully this Canadian election in May will end up like the U.S. mid-term elections of 2010, where the libertards got their asses handed to them.
http://online.wsj.com/article/BT-CO-20110327-701901.html
Looks like sarkozy and merkall suffered some losses. Sarkozy looks to leave in 2012 and merkalls cry party lost some power. I also read in another article the the fdp party (which are anti ftt) also lost some power.
Looks like sarkozy and merkall suffered some losses. Sarkozy looks to leave in 2012 and merkalls cry party lost some power. I also read in another article the the fdp party (which are anti ftt) also lost some power.
It sounds like there was a meeting of the European Council on March 24th and March 25th where the FTT didn't receive a warm reception from the council:
"But the European Council did not follow the line of the European Parliament in favour of a Tax on financial transactions (FTT) at EU level. Even more surprising, the Council stepped back from the agreement reached on 11 March by the 17 Euro area governments to consider the possibility of an EU or European FTT. Only 2 weeks later, the Council can only take note of the Commissionâs impact assessment of a Global FTT for the Autumn. However the best â and only - way to achieve a global FTT is through giving clear support for a EU FTT."
"On the FTT, the Council decision follows the line of Taxation Commissioner Semeta, who criticized the vote in the European Parliament for being premature and irresponsible."
The above quotes are from a press release from the European Federation of Public Service Unions dated March 28th...
-Guru
"But the European Council did not follow the line of the European Parliament in favour of a Tax on financial transactions (FTT) at EU level. Even more surprising, the Council stepped back from the agreement reached on 11 March by the 17 Euro area governments to consider the possibility of an EU or European FTT. Only 2 weeks later, the Council can only take note of the Commissionâs impact assessment of a Global FTT for the Autumn. However the best â and only - way to achieve a global FTT is through giving clear support for a EU FTT."
"On the FTT, the Council decision follows the line of Taxation Commissioner Semeta, who criticized the vote in the European Parliament for being premature and irresponsible."
The above quotes are from a press release from the European Federation of Public Service Unions dated March 28th...
-Guru
UK's Cameron says and transaction tax must be global:
http://www.reuters.com/article/2011/03/28/eu-cameron-idUSHOC00223120110328
Reuters) - Britain is happy to look at a financial transactions tax but it must apply globally, Prime Minister David Cameron said on Monday.
"On the financial transactions tax ... this is something we are very happy to look at but we do believe it has to be done on a global basis," he told parliament.
"I think there is a great danger of a group of countries deciding to do this and just seeing financial transactions go completely out of their area, so it must be done on a global basis," he said.
Chancellor Angela Merkel said this month Germany backed a proposal for a financial transaction tax across the euro zone. (Reporting by Adrian Croft; Editing by Keith Weir)
Not sure I like his line about the FTT being something the UK would be very happy to look at. Hopefully this is just his way of being kind knowing that a global FTT isn't going to happen.
-Guru
http://www.reuters.com/article/2011/03/28/eu-cameron-idUSHOC00223120110328
Reuters) - Britain is happy to look at a financial transactions tax but it must apply globally, Prime Minister David Cameron said on Monday.
"On the financial transactions tax ... this is something we are very happy to look at but we do believe it has to be done on a global basis," he told parliament.
"I think there is a great danger of a group of countries deciding to do this and just seeing financial transactions go completely out of their area, so it must be done on a global basis," he said.
Chancellor Angela Merkel said this month Germany backed a proposal for a financial transaction tax across the euro zone. (Reporting by Adrian Croft; Editing by Keith Weir)
Not sure I like his line about the FTT being something the UK would be very happy to look at. Hopefully this is just his way of being kind knowing that a global FTT isn't going to happen.
-Guru
Eu commissioner accused of 'obstructing' plans for a European financial tax:
http://www.theparliament.com/latest...structing-plans-for-a-european-financial-tax/
Speaking on Monday, French Socialist MEP Pervenche Beres criticised both the commission and Semeta for being "obstructive" in current attempts to establish an FTT.
Addressing a debate on the issue, Beres said, "At present, we are seeing too much resistance to this idea from the commission, especially the commissioner for taxation."
She said that if the idea of an FTT falls "the ultimate responsibility" will lie with commission president José Manuel Barroso.
Beres' comments were endorsed by Stephan Schulmesiter, of the Austrian Institute of Economic Research, who insisted that an FTT was "fair, equitable and realistic."
He told the meeting that fears that an FTT would force European businesses to relocate were unfounded, saying, "The idea of capital flight from the EU is a myth.
"Financial centres are about much more than computers. The most important element of trading is time zones. There is insufficient incentive for financial centres to be located in, say, Morocco or South Africa because they are on the same time zone as Europe."
-Guru
http://www.theparliament.com/latest...structing-plans-for-a-european-financial-tax/
Speaking on Monday, French Socialist MEP Pervenche Beres criticised both the commission and Semeta for being "obstructive" in current attempts to establish an FTT.
Addressing a debate on the issue, Beres said, "At present, we are seeing too much resistance to this idea from the commission, especially the commissioner for taxation."
She said that if the idea of an FTT falls "the ultimate responsibility" will lie with commission president José Manuel Barroso.
Beres' comments were endorsed by Stephan Schulmesiter, of the Austrian Institute of Economic Research, who insisted that an FTT was "fair, equitable and realistic."
He told the meeting that fears that an FTT would force European businesses to relocate were unfounded, saying, "The idea of capital flight from the EU is a myth.
"Financial centres are about much more than computers. The most important element of trading is time zones. There is insufficient incentive for financial centres to be located in, say, Morocco or South Africa because they are on the same time zone as Europe."
-Guru