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

On BTPs? That will make the next Italian debt auction interesting...

Or BTP futures traded on Eurex? How do they enforce that?

What morons...
 
Quote from drukes1234:

Tobin arrives: Italy to include 0.15% tax on financial transactions in austerity package, according to a government source
More...

If true, that should throw a wrench in the EC's plan.

Do you happen to have a link on this?
 
Italy austerity plan to tax financial transactions - source

http://in.reuters.com/article/2011/06/29/italy-financial-idINR1E7HD01920110629

Reuters) - Italy's austerity budget to be approved by the cabinet on Thursday will include a tax of 0.15 percent on financial transactions, a government source told Reuters on Wednesday.

The package will be worth some 47 billion euros and aims to eliminate the budget deficit in 2014.

Most of the cuts will become effective in 2013 and 2014.

In those two years funding for local government authorities will be reduced by a total of around 9 billion euros, the government source said, with 3.5 billion euros taking effect in 2013 and 5.5 billion in 2014.

-Guru
 
Quote from listedguru:

Italy austerity plan to tax financial transactions - source

http://in.reuters.com/article/2011/06/29/italy-financial-idINR1E7HD01920110629

Reuters) - Italy's austerity budget to be approved by the cabinet on Thursday will include a tax of 0.15 percent on financial transactions, a government source told Reuters on Wednesday.

The package will be worth some 47 billion euros and aims to eliminate the budget deficit in 2014.

Most of the cuts will become effective in 2013 and 2014.

In those two years funding for local government authorities will be reduced by a total of around 9 billion euros, the government source said, with 3.5 billion euros taking effect in 2013 and 5.5 billion in 2014.

-Guru
More...


EU proposes financial transaction tax:

http://www.businessworld.ie/livenews.htm?a=2802909;s=rollingnews.htm


"The European Union's executive will propose an EU-wide tax on financial transactions and a freeze in farm spending from 2014 as part of plans for the bloc's next long-term budget, EU sources said today."

"The European Commission's proposed tax on financial transactions aims to raise up to 50 billion euros ($71 billion) a year for the bloc's budget, but opposition from Britain and Germany means it is highly unlikely to get the unanimous backing from capitals it needs to become law."


"It is clear that there is a strong ideological opposition to the project from several countries, including the UK," one EU diplomatic source said."

-Guru
 
Italy will now destroy their financial industry....weeeeeee....when are the fucking EU losers ever gonna understand this?!?! The Sweden Experiment should make this all go away, but these liberal, socialists, anti-capitalist are determined to destroy themselves....history repeats as they say and I doubt Europe will even be around in 10 years as they are in such debt and eat themselves to death...bwahahahahwahhaha!!
 
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