The website looks splendid --- magic.
1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
The website looks splendid --- magic.
Great job, thanks Tortoise. Professional style is good for readers working in government, who hopefully will be open minded to anti-FTT points. We all appreciate your hard and excellent work.
You are too kind Tortoise, thanks. Everyone on this thread has been incredible and our team work has made our cause stronger.
Happy Thanksgiving to all. I am thankful that FTT is very unlikely for the year ahead.
Here's my Forbes blog article today. Please click to read and share, thanks!
Republicans And Democrats Dicker While The Deficit Yawns And Rome Burns.
http://www.forbes.com/sites/greatsp...icker-while-the-deficit-yawns-and-rome-burns/
I take both Republican and Democratic mantra to task over Bush tax cuts, the failed super committee and deficit discussions. I also take on government officials and public-sector unions.
Enjoy Thanksgiving tomorrow.
Happy Thanksgiving to all. I am thankful that FTT is very unlikely for the year ahead.
Here's my Forbes blog article today. Please click to read and share, thanks!
Republicans And Democrats Dicker While The Deficit Yawns And Rome Burns.
http://www.forbes.com/sites/greatsp...icker-while-the-deficit-yawns-and-rome-burns/
I take both Republican and Democratic mantra to task over Bush tax cuts, the failed super committee and deficit discussions. I also take on government officials and public-sector unions.
Enjoy Thanksgiving tomorrow.
Has the European Commission privately given up on even a Euro-zone only FTT - "at least one of the Euro-zone countries should take a step towards taxing financial transactions" ?
http://www.agi.it/english-version/b...s_rehn_in_favour_of_financial_transaction_tax
(AGI) Rome - "We are in favour of a very strong financial reform, and of taxing financial transactions," Eu Economic and Monetary Affairs commissioner Olli Rehn said during a joint session of the Italian Senate's and Lower Chamber's Budget and Eu Policies Commissions. Rehn added that this would require "an agreement of all the 27 member states," but "should this not be reached, at least one of the Euro-zone countries should take a step towards taxing financial transactions ." . .
http://www.agi.it/english-version/b...s_rehn_in_favour_of_financial_transaction_tax
(AGI) Rome - "We are in favour of a very strong financial reform, and of taxing financial transactions," Eu Economic and Monetary Affairs commissioner Olli Rehn said during a joint session of the Italian Senate's and Lower Chamber's Budget and Eu Policies Commissions. Rehn added that this would require "an agreement of all the 27 member states," but "should this not be reached, at least one of the Euro-zone countries should take a step towards taxing financial transactions ." . .
"The French Senate Foreign Affairs Committee has unanimously adopted an international solidarity tax on financial transactions within the framework of the 2012 finance bill.
The Senate believes that a financial transactions tax implemented at national level would serve to yield around EUR12bn"
http://www.tax-news.com/news/French_Committee_Backs_Financial_Transactions_Tax____52616.html
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Magic tax.
France's financial sector is 5 percent of a GDP of 1,932 billion euros, or 97 billion euros, at approximately 8 percent profit = 7.76 billion euros.
The Senate believes that a financial transactions tax implemented at national level would serve to yield around EUR12bn"
http://www.tax-news.com/news/French_Committee_Backs_Financial_Transactions_Tax____52616.html
-------------------------
Magic tax.
France's financial sector is 5 percent of a GDP of 1,932 billion euros, or 97 billion euros, at approximately 8 percent profit = 7.76 billion euros.
Great article which clearly explains the negative effects of an EU-wide FTT, and interesting it comes from Labour.
http://labourlist.org/2011/11/the-financial-transactions-tax-–-one-big-mess/
http://labourlist.org/2011/11/the-financial-transactions-tax-–-one-big-mess/
http://www.telegraph.co.uk/finance/...-warns-transaction-tax-cant-be-dismissed.html
Glad this UK Treasury official is getting down to brass tacks (tax) on FTT. He wants to show how little FTT will be raised after transactions escape the tax zone. Hopefully, they will do dynamic scoring - which US CBO does not - to show net tax losses after offsetting lost income and other taxes.
See my Comment on that in the link. Charities should not get a penny of FTT if it results in net tax losses after offset from lost income tax revenues, which it will.
Glad this UK Treasury official is getting down to brass tacks (tax) on FTT. He wants to show how little FTT will be raised after transactions escape the tax zone. Hopefully, they will do dynamic scoring - which US CBO does not - to show net tax losses after offsetting lost income and other taxes.
See my Comment on that in the link. Charities should not get a penny of FTT if it results in net tax losses after offset from lost income tax revenues, which it will.