1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
France's Drive For EU Tobin Tax, by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, February 22, 2011
.....................................
During a recent interview, French Finance Minister Christine Lagarde expressed her doubts that G20 nations will be able to unite on a financial transactions tax during Franceâs presidency, particularly in view of Americaâs hostility towards the mechanism. Given Americanâs stance and ongoing opposition from other countries, it will be necessary to find an alternative means of finance at G20 level, Lagarde explained.
Echoing recent comments made by French President Nicolas Sarkozy, Lagarde referred to a financial transactions tax as the âidealâ levy, given that it is a very small tax with a big base. Lagarde nevertheless acknowledged that a huge problem currently lies in the fact that not all countries are on board with the mechanism. Consequently, France is currently considering the idea of working with a group of willing countries to press ahead with the introduction of the tax, Lagarde explained.
Regarding the possibility of introducing the tax at European level initially, Christine Lagarde revealed that lengthy discussions with her German counterpart Wolfgang Schäuble have taken place, and that the German minister is in full agreement with the idea of proceeding in this direction.
Lagarde also alluded to the fact that other taxes have been proposed within the framework of G20 discussions, notably the introduction of a tax levied on containers transported across the world.
http://www.tax-news.com/news/Frances_Drive_For_EU_Tobin_Tax____47891.html
Tuesday, February 22, 2011
.....................................
During a recent interview, French Finance Minister Christine Lagarde expressed her doubts that G20 nations will be able to unite on a financial transactions tax during Franceâs presidency, particularly in view of Americaâs hostility towards the mechanism. Given Americanâs stance and ongoing opposition from other countries, it will be necessary to find an alternative means of finance at G20 level, Lagarde explained.
Echoing recent comments made by French President Nicolas Sarkozy, Lagarde referred to a financial transactions tax as the âidealâ levy, given that it is a very small tax with a big base. Lagarde nevertheless acknowledged that a huge problem currently lies in the fact that not all countries are on board with the mechanism. Consequently, France is currently considering the idea of working with a group of willing countries to press ahead with the introduction of the tax, Lagarde explained.
Regarding the possibility of introducing the tax at European level initially, Christine Lagarde revealed that lengthy discussions with her German counterpart Wolfgang Schäuble have taken place, and that the German minister is in full agreement with the idea of proceeding in this direction.
Lagarde also alluded to the fact that other taxes have been proposed within the framework of G20 discussions, notably the introduction of a tax levied on containers transported across the world.
http://www.tax-news.com/news/Frances_Drive_For_EU_Tobin_Tax____47891.html
Quote from benwm:
I wonder when the new IMF chief Lagarde is going to open her mouth and express her approval...
Realism (LOL). Yeah it really sounds like this ftt is going to happen
http://au.news.yahoo.com/thewest/a/...u-sales-tax-financial-tax-in-budget-overhaul/
"Slamming the trillion-euro 2014-2020 budget for an "unrealistic" increase, a Downing St spokesman said: "Britain will also oppose new EU taxes which will introduce additional burdens for business and damage EU competitiveness."
"To top up the EU executive's ability to levy resources, the commission suggested a "Tobin"-style tax on financial transactions in Europe -- likely to be opposed by Britain, France and Germany, which favour an international, rather than European, tax."
"We think this should be done on a global level," said a British diplomat.
-Guru (still not worried)
EU snubs Cameron with a triple tax grab as his close aides ask if it's time for Britain to quit Europe
http://www.dailymail.co.uk/news/art...close-aides-ask-time-Britain-quit-Europe.html
http://www.dailymail.co.uk/news/art...close-aides-ask-time-Britain-quit-Europe.html
I wonder how much it costs to taxpayers to fund these endless talks.
The European Parliament has adopted 3-4 resolutions( with no legislative power whatsoever )just in case we didn't understand their opinions at first. The IMF has done long studies on how to tax finance, they produce a report, nobody hear them. National parliaments are adopting useless resolutions. Half the speeches at the G20 are devoted to this crap. Now the European commission is producing impact assessment and is fully committed to propose a tax that just need one country opposition to be stopped.Everytime there are endless debates within institutions...All these expert gentlemen are really weel paid to promote this "infinitesimal tax" ...
At least in Italy, when it comes to destroy their economy, they just go freestyle and save a little in political talks.
The European Parliament has adopted 3-4 resolutions( with no legislative power whatsoever )just in case we didn't understand their opinions at first. The IMF has done long studies on how to tax finance, they produce a report, nobody hear them. National parliaments are adopting useless resolutions. Half the speeches at the G20 are devoted to this crap. Now the European commission is producing impact assessment and is fully committed to propose a tax that just need one country opposition to be stopped.Everytime there are endless debates within institutions...All these expert gentlemen are really weel paid to promote this "infinitesimal tax" ...
At least in Italy, when it comes to destroy their economy, they just go freestyle and save a little in political talks.