Different Germany Newspaper writes EU will start a TT ....
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1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Austria Fin Min: Euro Group In Push For Transaction Tax:
http://online.wsj.com/article/BT-CO-20100518-702668.html?mod=WSJ_latestheadlines
-Guru
http://online.wsj.com/article/BT-CO-20100518-702668.html?mod=WSJ_latestheadlines
-Guru
German finmin: no EU consensus for transaction tax:
http://www.xe.com/news/2010-05-18 07:26:00.0/1152749.htm?c=1&t=
BRUSSELS, May 18 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Tuesday he saw no consensus yet within the European Union for imposing a financial transaction tax.
Schaeuble told a news conference that an EU-wide financial transaction tax was an option only if ministers from the Group of 20 nations could not agree on one when they meet in June.
Well there is no way in hell the G20 is going to agree to this and I highly doubt the EU would either. So I guess Germany is going to have to go it alone...
-Guru
http://www.xe.com/news/2010-05-18 07:26:00.0/1152749.htm?c=1&t=
BRUSSELS, May 18 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Tuesday he saw no consensus yet within the European Union for imposing a financial transaction tax.
Schaeuble told a news conference that an EU-wide financial transaction tax was an option only if ministers from the Group of 20 nations could not agree on one when they meet in June.
Well there is no way in hell the G20 is going to agree to this and I highly doubt the EU would either. So I guess Germany is going to have to go it alone...
-Guru
Quote from listedguru:
Well there is no way in hell the G20 is going to agree to this and I highly doubt the EU would either. So I guess Germany is going to have to go it alone...
..and given what Schaeuble said previously (below) that won't happen either!
"Actually, such a thing only makes sense when it can be introduced globally. Europe and also (Germany) will exert itself in this respect. But there are considerable doubts as to whether it will come to pass globally."
Germany's Merkel: To Push For Fin Mkt Transaction Tax At G20
BERLIN (MNI) - German Chancellor Angela Merkel said Tuesday that Germany will push for the introduction of a financial market transaction tax on the international level.
http://imarketnews.com/node/13621
BERLIN (MNI) - German Chancellor Angela Merkel said Tuesday that Germany will push for the introduction of a financial market transaction tax on the international level.
http://imarketnews.com/node/13621
WSJ refer more generally to a financial sector tax:Quote from seasideheights:
Germany's Merkel: To Push For Fin Mkt Transaction Tax At G20
"They demanded the introduction of a financial-transaction tax or financial-activities tax. "
The FAT is one of the IMF's proposals.
http://online.wsj.com/article/BT-CO-20100518-710735.html?mod=WSJ_World_MIDDLEHeadlinesAsia
I read the German newspapers and they want both taxes.Quote from Explorer:
WSJ refer more generally to a financial sector tax:
"They demanded the introduction of a financial-transaction tax or financial-activities tax. "
The FAT is one of the IMF's proposals.
http://online.wsj.com/article/BT-CO-20100518-710735.html?mod=WSJ_World_MIDDLEHeadlinesAsia
If you think that Barack Obama is one terrible regulator, take a look at the so called conservative-libertarian politicians in germany/europe. I mean, even libertarian parties are now pushing it.
I call it the Bismarck-effect: back then he gave germans public health care so wouldn't lose his power to the communist parties. Of course many people don't see it that way.
I call it the Bismarck-effect: back then he gave germans public health care so wouldn't lose his power to the communist parties. Of course many people don't see it that way.