This is all I saw. It's from briefing.com this morning:
10:07 EUFN France's Hollande says financial transaction tax no longer included in G-20 communique
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
This is all I saw. It's from briefing.com this morning:
10:07 EUFN France's Hollande says financial transaction tax no longer included in G-20 communique
(Reuters) - A possible European financial transaction tax would be limited in scope and could apply to buyers of stocks, similar to a British stamp duty, a Dutch paper reported on Wednesday, citing unnamed diplomats.
European finance ministers will on Friday officially scrap a financial transaction tax, which would have applied to all financial transactions and to both buyers and sellers, Dutch daily Het Financieele Dagblad reported.
Only weak variants of a transaction tax, including a stamp duty on stocks, were still under consideration, the paper said.
A stamp duty in Europe would apply to buyers of stocks, and be presented as a fist step to taxation of other financial transactions, the paper said.
Britain's government remains opposed to a European-wide financial transaction tax and would block any move by the European Union to introduce such a levy, a Treasury spokesman said last week.
http://www.reuters.com/article/2012/06/20/eu-transactiontax-idUSL5E8HK13D20120620
European finance ministers will on Friday officially scrap a financial transaction tax, which would have applied to all financial transactions and to both buyers and sellers, Dutch daily Het Financieele Dagblad reported.
Only weak variants of a transaction tax, including a stamp duty on stocks, were still under consideration, the paper said.
A stamp duty in Europe would apply to buyers of stocks, and be presented as a fist step to taxation of other financial transactions, the paper said.
Britain's government remains opposed to a European-wide financial transaction tax and would block any move by the European Union to introduce such a levy, a Treasury spokesman said last week.
http://www.reuters.com/article/2012/06/20/eu-transactiontax-idUSL5E8HK13D20120620
German financial newspaper "Handelsblatt" says today that Barroso has made Propaganda for a global FFT behind the Scene ....
Of course he wants the income for development aid and not for the EU budget.
Tricky Politicans
This is good news that their going to 'officially' scrap plans for a EU ftt. Let's just hope that no one falls for a watered down version (aka share stamp duty) as everyone knows it's just a stepping stone to a full blown ftt.
I'm still of the mindset that their won't be a EU or EZ ftt. Call me pollyanish but I don't see them getting the 9 yes votes via enhanced cooperation for a EZ ftt.
-Guru
Global poll shows 63% support Financial Transactions Tax
Strongest support found in France 88 %, Germany 82%, UK 76 %, USA 63%
http://www.ethicalmarkets.com/2012/...o-put-something-back-into-the-global-economy/
Strongest support found in France 88 %, Germany 82%, UK 76 %, USA 63%
http://www.ethicalmarkets.com/2012/...o-put-something-back-into-the-global-economy/
What a joke. So this was a global poll taken by a union group? Let me guess the question they asked was if the person thought a tax on banks was a good idea. Thats the problem with this. The general public is getting sold the idea that this is a tax on banks. Hell I'm not against some sort of direct tax on banks but we all know the ftt is just a tax on savings (retirement, pensions, etc). I'm sure if you conducted to same poll and asked the same people if they were in favor of a direct tax on their savings and retirement the numbers would be dramatically different.
The good news is that the G20 didn't fall for this crap as the FTT was thrown out of the communique per Francois Hollande (LOL).
-Guru
LOL who knows what to believe. This from another Reuters story:
European finance ministers will on Friday officially scrap a financial transaction tax, which would have applied to all financial transactions and to both buyers and sellers, Dutch daily Het Financieele Dagblad reported.
I think Hollande is just being Hollande
-Guru
Ten could support the tax:
Such an enhanced co-operation would almost certainly involve the seven other member states which have asked the Danish presidency in February to push for the introduction of the FTT without delay. These are Austria, Belgium, Finland, Greece, Italy, Portugal and Spain.
Other countries previously lukewarm on the issue appear to be shifting their position also. The Bulgaria government is believed to have changed its mind whilst Danish officials have indicated they might be convinced if certain changes are made to the Commissionâs blueprint.
So according to this they may have 10 yes EZ votes? Whatever I guess (LOL). Why don't they just go ahead then and implement the damn thing and blow up the EZ (and the EU) once and for all
-Guru