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

The socialists are hell-bent on pushing this through....sarcrazy making comments

Market talk that the financial transaction tax in France will include the following points: 300bps on small transaction and 50-100bps on larger transactions - Unconfirmed

'Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.
 
Quote from Tauvros:

The socialists are hell-bent on pushing this through....sarcrazy making comments

Market talk that the financial transaction tax in France will include the following points: 300bps on small transaction and 50-100bps on larger transactions - Unconfirmed

'Market talk’ – Signifies information that has not been formally tested through traditional journalistic channels and therefore is to be treated as unsubstantiated. Any interpretation of the talk is taken at the readers own risk and is a representation of the rumours within the market place and never generated by ourselves.
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Wow. That will destroy any financial district in France. Socialists are taking over the world while all their policies are failures and historically proven failures. WTF is wrong with these people??
 
Quote from slumdog:

In the end we will only know where everyone stands when this thing comes to down to a formal vote at both the EU and EZ levels.
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When will it actually come to a vote? Merkel, Sarkozy and others could prevent it from coming to a vote if they can't win (which they can't right now). So perhaps they'll just keep pushing it into the future and keep it hanging over everyone's head.

Does anyone know if there's a way to force it to a vote?
 
Quote from Stok:

Wow. That will destroy any financial district in France. Socialists are taking over the world while all their policies are failures and historically proven failures. WTF is wrong with these people??
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French General election in a few months, and Sarko is behind in the polls. The guy is obviously desperate, will promise anything to get in again for his final term.

http://en.wikipedia.org/wiki/Opinion_polling_for_the_French_presidential_election,_2012
 
Quote from Stok:

Wow. That will destroy any financial district in France. Socialists are taking over the world while all their policies are failures and historically proven failures. WTF is wrong with these people??
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If my understanding is correct, it will do more than destroy any financial district in France; it will actually destroy any France-headquartered financial firm. I believe it would impose the tax on any transaction executed anywhere in the world by any firm headquartered in France.
 
Quote from tomdavis:

When will it actually come to a vote? Merkel, Sarkozy and others could prevent it from coming to a vote if they can't win (which they can't right now). So perhaps they'll just keep pushing it into the future and keep it hanging over everyone's head.

Does anyone know if there's a way to force it to a vote?
More...

That was what I was wondering earlier. Can Denmark put a binding vote on the agenda now it holds the presidency?
 
Quote from Explorer:

That was what I was wondering earlier. Can Denmark put a binding vote on the agenda now it holds the presidency?
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That's a key question. The other question is whether there's a procedure for another country, or group of countries (e.g., UK, Sweden, Malta, etc.) to force a vote.

A defeat in Europe won't make the FTT go away, but it could shift the momentum for a while.
 
Quote from tortoise:

If my understanding is correct, it will do more than destroy any financial district in France; it will actually destroy any France-headquartered financial firm. I believe it would impose the tax on any transaction executed anywhere in the world by any firm headquartered in France.
More...

Welp, say buh bye to financial firms in France. They will be leaving in droves I would assume. I can't believe they are going to tax from .50% up to 3% per trade!! What a fucking disaster!! Only the French can fuck up this bad.
 
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