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

Quote from listedguru:

Thanks for the input. I'm just glad that France is done with it's failed G20 Presidency in November. It's also nice to see that Mexico is taking over and seems to be against the ftt. I continue to believe that by the end of this year the ftt debate will die down considerably.

-Guru
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Agreed. This was France's last shot and they've failed. Germany has just conceded there won't be a global FTT.

What will Eurozone countries do now they know the rest of the world is not going to follow them (off the cliff)?
 
EU Commission President Barroso has made it clear that even if he doesn't get what he wants now, he'll continue to push for the FTT. The EU has until the end of 2013 to approve its next 6-year budget. I don't see things cooling off until their budgeting cycle is over.

The FTT is also going to be an issue during the US 2012 presidential/congressional elections. There's big union money available to candidates who support the FTT.

Quote from listedguru:

Good headline indeed but it still says no chance FOR NOW meaning they just won't throw in the towel. I'm looking forward to reading some quotes from the fin min's regarding discussion of the ftt. I'm sure Canada will tell it how it is:)

-Guru
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This should be interesting. They're going to try to impose an EU FTT even though the UK, Sweden, the Netherlands, Malta, Ireland and the Czech Republic have all said they won't participate.

Other than Germany and France, who else in the EU would actually pay any FTT taxes? ... And how long will it take the tax-paying firms to relocate outside the EU?

Quote from FightTheFuture:

German FinMin says no global, so must be determined to make FTT Euro. Why?

http://www.businessweek.com/news/20...nce-for-global-financial-transaction-tax.html
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Merkel Says Won’t Accept U.S. Balking at Finance Transaction Tax

Oct. 15 (Bloomberg) -- German Chancellor Angela Merkel criticized governments including President Barack Obama’s administration for refusing to make the financial sector pay for the global financial crisis, and vowed to push for a financial transaction tax until it applies at least in Europe.

“I think this is not okay. We want, and we have to make, financial market participants contribute to the costs of crisis management.”

Merkel said she will continue to push for a levy because “reasonable regulation” is needed for economic confidence to return. Trust in the reliability and competence of many financial market participants has been damaged, she said. Her comments were published by the government press office.
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http://www.businessweek.com/news/20...t-u-s-balking-at-finance-transaction-tax.html

Delusional uneducated idiot.
 
"Merkel Says Won’t Accept U.S. Balking at Finance Transaction Tax"


You don't rule us Ms. Meglomaniac!!!

:D :D :D





Two Jackasses

jackass1.jpg
merkel.jpg
 
South Korea said publicly they were against FTT. I think it was they hosted some G20 or finance ministers events 1 or 2 years ago. They have the most traded derivatives in the world, Kospi options, tremendous volume there.:)
 
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