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

Cameron is using his maximum leverage now with the EU treaty-change vote to force an EU-wide FTT off the table, plus back Brussells off some onerous banking regulation too. Hence, Cameron's statement 'to reclaim some financial industries powers from Brussells.'

I don't think FTT is part of the treat-change vote, so Cameron is thinking ahead. Good, bring on the FTT showdown now and get this monkey off our back.

This story is front page news on the WSJ site.
 
Quote from sheda:

http://www.bloomberg.com/news/2011-...saction-tax-in-2013-rheinische-post-says.html
More...

Barring a backdoor VAT or other bureaucratic trick, the EU-FTT is dead for now. The UK, Sweden, the Czech Republic, Malta and Luxembourg are united and unwavering in their opposition. These countries should force it to a vote and drive a stake though the FTT's heart. (There will probably be 10-12 votes against.)

Now, if we could find a way to kill it here in the US...
 
Quote from tomdavis:

Barring a backdoor VAT or other bureaucratic trick, the EU-FTT is dead for now. The UK, Sweden, the Czech Republic, Malta and Luxembourg are united and unwavering in their opposition. These countries should force it to a vote and drive a stake though the FTT's heart. (There will probably be 10-12 votes against.)

Now, if we could find a way to kill it here in the US...
More...

Very good news indeed regarding Europe. You can call me polyannish but I say the ftt is dead (and will remain dead) here in the US. I would be very surprised if it even came up for a vote.

-Guru
 
Quote from listedguru:

Very good news indeed regarding Europe. You can call me polyannish but I say the ftt is dead (and will remain dead) here in the US. I would be very surprised if it even came up for a vote.

-Guru
More...

The short-term looks good right now. It's the longer-term I'm concerned about. An election or two from now the composition of the house/senate could swing in the other direction.

Keep in mind that the unions have made the FTT the centerpiece of their "economic justice" campaign. They can deliver money and votes at election time which gives them a lot of influence.

It's critically important that we remain vigilant, engaged and prepared to deal with the next resurgence of the FTT. I don't know when it will happen, but I assure you that it will.
 
Quote from tomdavis:
Barring a backdoor VAT or other bureaucratic trick, the EU-FTT is dead for now.
More...
And this is what they're trying to do. We are not out of the woods in Europe yet:

Eurozone: France and Germany urge common taxes

The leaders of France and Germany have called jointly for eurozone countries to have common corporation and financial transaction taxes.

The tax policy would apply initially to the 17-member eurozone.[...]

http://www.bbc.co.uk/news/world-europe-16075890
 
Quote from jackpearson:

@jonathanalter
Jonathan Alter
Look for "Robin Hood Tax" (Tobin transaction tax on all stock trades) to be big campaign issue. Obama may have to move off lukewarm on it.


https://twitter.com/#!/jonathanalter/status/144469757100441600
More...

A big campaign issue (LOL). I'm not buying it:)
 
You must log in or register to reply here.
Back
Top