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

Europe ready to lead on transactions tax
By Algirdas Å e****


European Commissioner Algirdas Se****, "My visit to Washington this week has prompted requests from many of my U.S. counterparts to discuss the financial transactions tax."

http://thehill.com/opinion/op-ed/196739-europe-ready-to-lead-on-transactions-tax

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Let's point out to Se**** the design flaws of FTT.

No need to register to comment on The Hill. Supposed to have lots of policy makers reading it.
 
Tobin tax could cost 20 times what it raises

(Reuters) - A European tax on financial transactions could cost Britain's economy up to 20 times the amount it raises, a committee of lawmakers said on Friday.

Britain has said a transaction tax, dubbed a Tobin Tax after the U.S. economist who devised it in the 1970s, would only work globally and the EU plans are "deeply confused."[...]

http://uk.reuters.com/article/2011/12/02/uk-tax-britain-banks-idUKTRE7B10O520111202
 
Eurozone member Estonia's position on FTT:

[Prime Minister] Ansip said Estonia was prepared to discuss the financial transaction tax but added Estonia had no special interests in this field: “We are prepared to support the initiative if it increases the stability of the financial system and prevents competition distortions.”

http://www.isria.com/pages/2_December_2011_191.php
 
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