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

Not good..

http://www.net-tribune.de/nt/node/9...olkswirt-rechnet-mit-Finanztransaktionssteuer

Google translation

German Bank chief economist expects financial transaction tax

Cologne - The chief economist of Deutsche Bank, Thomas Mayer, expects the introduction of a financial transaction tax in Europe. "I think that that will happen," he told Germany radio on Wednesday. But the tax was "more of a political project" and will bring no benefit, because the business would move into tax-free countries.

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They should had lobby better
 
Quote from slumdog:

Its obvious now that FTT is coming to europe, but it is not obvious it is coming to the whole of europe, probably not even the whole of the eurozone either.
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I still have hope Philipp Rösler will persist in rejecting the EZ-FTT in Germany.

But if he doesn't succeed, and they also would make the FTT part of the renewed treaty, that would be an extremely bad situation.
 
We need to fight hardest now and not get dismayed and discouraged. Yes, it seems like FTT may gain a foothold in France, Germany and the euro zone, but that is not a done deal yet. Yes, Sarkozy and Merkel are using a full court press, but I think it may be from weakness not strength. They are politically-desperate to push and probably also pass FTT.

Financial services people in Germany are probably demoralized, as many in German media, government, and society and are saying bankers and traders are immoral, harmful and in need of FTT, punishment and banning of some activities. That's depressing, but hang tough.

The answer to failed socialism isn't more socialism and allowing governments to interfere, control and tax financial markets into submission.

By fighting back, and commenting boldly and forcefully everywhere we might encourage the opposition to fend off this bad FTT idea. Don't hold any punches and we may be close to victory. The FTT pushers are struggling with getting it passed and they certainly have given it their all. Let's keep playing hard until the whistle stops play.
 
Quote from sheda:

http://advancedtrading.com/regulations/232400153
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Very good news for now, although things could change in Germany next year with the general elections and related coalition power plays that will follow.

Hopefully the FDP increase their share of the vote in the German elections. We need more pro business parties like them in Europe.

Now lets see what the next move by France will be..
 
Quote from bjw:

maybe this has been asked & answered before, but what does the uk labour party think about the ftt?
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Their official line is the same as the government's - i.e. only if it's global. In fact all three main political parties now share this view.

The last Labour government under Gordon Brown floated the idea of a global FTT but lost interest after Timothy Geithner made it clear the US wasn't interested.
 
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