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

[sheda]

Wow....

 

[Rantany]

Also encouraging news from Germany today: FDP seems not to be impressed by the provocations of Merkel's party yesterday.

Homburger (FDP): "Financial Transaction Tax in the Euro-zone does not make sense"


(Google translation)

Düsseldorf, 18.01.2012 - The deputy leader of the FDP , Birgit Homburger, has confirmed the rejection of the tax on financial transactions in the euro-zone. In the WDR broadcast a one to one (9.20-9.45 clock), she said today: "We advocate for economic reason and for securing jobs in Germany, which means that it makes sense to the world, but if it at all, at EU level the question, but on €-level course, makes no sense. "

The parliamentary secretary of the CDU / CSU fraction in the Bundestag, Peter Altmaier, had shown yesterday confident that the FDP on the line of the CDU would be swinging. This looks Homburger differently: "I am very confident that we can speak with the CDU since am confident that the CDU will understand what the problems created, and there are also a number of people in the CDU, make attention . "

 

[Robert A. Green]

Quote from Rantany:

Also encouraging news from Germany today: FDP seems not to be impressed by the provocations of Merkel's party yesterday.

Homburger (FDP): "Financial Transaction Tax in the Euro-zone does not make sense"


(Google translation)

Thanks Rantany, for all the news from Germany, it's very important.

If Merkel's CDU felt they could walk over or around their junior-coalition partner FDP, then why would they berate them with the 2%-only talk etc? Merkel has said at times that she will respect her coalition partners, and at other times she berates them into changing their mind.

Rantany, if FDP does not change their mind, can Merkel act on FTT without their vote too? How does the governance work in this case? How can the Free Democratic Party of Germany or any country - the business and free-market party - ever vote for a vicious Socialist Tax like FTT, that will destroy finance, which destroys free markets and the economy?

Isn't it sad that FDP is only 2% of Germany at this juncture and what does this say about German politics and voters at this time too?

They don't call it the European Union for nothing. The US would never use the term Union, as it empowers and brings to mind unions, the left and socialism. As Rome - or the social-welfare union - burns, they want to raise taxes and how foolish is that?

 

[andohmeeta]

Quote from listedguru:

I still hold the belief that the UK will never sign on nor will the US (and many other G20) countries.

-Guru [/B]

New London Lord Mayor David Wootton reconfirms UK will not capitulate on FTT.

(about 2mins20secs into this interview):-

http://www.businessweek.com/video/#video=hzdWRhMzoWJ7dlFv2Zkq4-xXXWXs3IWF

 

[sculptor66]

Quote from Robert A. Green:



Isn't it sad that FDP is only 2% of Germany at this juncture and what does this say about German politics and voters at this time too?

Actually the FDP got about 14% of votes at the last federal election; the 2% is a number extracted from the latest opinion polls ("Who would you vote for if there would be an election next sunday?")

But German media (which has a strong left-leaning bias, about 2/3 of all journalists there are supporters/voters of left-wing parties, according to some studies) and politicians from the oposition parties are always quoting those 2% from the polls as they try to marginalize the FDP and their politics.

 

[klafle73]

agree & confirm sculptor66,


the press in Germany is very strongly biased against FDP and Liberty in general.

Liberal thoughts had always a hard time in Germany - sadly.

Its either socialists or nazis.

 

[Rantany]

Quote from Robert A. Green:

If Merkel's CDU felt they could walk over or around their junior-coalition partner FDP, then why would they berate them with the 2%-only talk etc? Merkel has said at times that she will respect her coalition partners, and at other times she berates them into changing their mind.

I'm not sure if Merkel also really said that, but it would be very unwise if she did. As to the article you mentioned yesterday, it wasn't Merkel, but the co-chairman of the most leftist opposition party who said it. From him this would be no surprise

Rantany, if FDP does not change their mind, can Merkel act on FTT without their vote too? How does the governance work in this case? How can the Free Democratic Party of Germany or any country - the business and free-market party - ever vote for a vicious Socialist Tax like FTT, that will destroy finance, which destroys free markets and the economy?

Isn't it sad that FDP is only 2% of Germany at this juncture and what does this say about German politics and voters at this time too?

I don't know German politics very well (i'm dutch , but i guess that if Merkel keeps pushing an EZ-FTT against the will of the FDP, and FDP still won't give up their position, this could lead to a government crisis, and new elections. I think both parties will do everything to avoid this. FDP would be almost vanished from parliament (with 2% in the polls), and i guess that Merkel doesn't like to form a new coalition with the SPD socialists (again), at this time (e.g. their different opinion on Eurobonds).

Moreover, according to a quote from a Robin Hoodie, it seems that German citizens are also not in favor of an EZ-FTT, but only want it if it's EU wide (//edit: ok, at least with UK).

Latest poll shows: German citizens overwhelmingly support Robin Hood Tax - but only as long as UK comes on board. C'mon Cameron!

(yes it's only twitter, i know

 

[sheda]

Ah a Robin Hoodie.

Economist, Feminist , Climate Change Campaigner, Think - Tanker

She certainly has the credentials, slightly off topic how ever I always like to take a look into how such people think, process information and form there views, I am still in pursuit of a rational backing of our good friend the RHT.

Four years ago I came back from South East Asia with a dream. The European Union would be recognized for its genuine leadership in realizing gender equality . It looks like the French are now sharing the dream. They are about to take the first step, following Sweden, Norway and Iceland.

The National Assembly of France recently voted for a resolution that promotes the abolition of prostitution. Supported by socialists and conservatives alike, the objective is to pass a new law that criminalizes persons who seek to buy sex. Similar to the Swedish model, which was also adopted in Norway and Iceland, the idea is that survivors of prostitution get protection and support while buyers of prostitution are criminalized.

Seems balanced in all areas, is able to objectively assess complex issues and reach balanced outcomes such as the one above in which gender equality and equal responsibility are struck at there core...

 

[Explorer]

Czech Republic rejects the introduction of a financial transaction tax in the EU:

(google translation from German)
Dusseldorf (ots) - Czech Republic rejects the introduction of a financial transaction tax in the EU. "The best way to avoid the disadvantages of a financial transaction tax that is, they did not even introduce," said Czech Deputy Foreign Minister Tomas Zidek of appearing in Düsseldorf "Rheinische Post" (Thursday edition). "The transaction tax would require a lot of innocent victims and economic growth costs," warned Zidek. Would also hit pension funds, small businesses and ordinary investors because the tax would be passed on to customers. In addition, businesses would be relocated. Of course, the Czech Republic could not prevent the countries of the Euro-zone from imposing the tax anyway. The Czech Republic is thus to Great Britain, Sweden and Denmark, the fourth EU country that rejects the imposition of the tax in the European Union

http://www.finanznachrichten.de/nac...-lehnt-eu-finanztransaktionssteuer-ab-007.htm

 

[Explorer]

Romania will support the introduction of a tax on financial transactions if all EU member states reach an agreement in this sense.

http://www.morningnewsbrief.ro/fina...a-will-support-tax-on-financial-transactions/

European Affairs Minister Leonard Orban stated that Romania will support the introduction of a tax on financial transactions if all EU member states reach an agreement in this sense. Also, he underlined that there are institutions in Romania that have expressed reservations in this sense. “I would like to underline that some institutions in Romania have certain reservations when it comes to introducing this tax because it is believed that applying it only at European level could lead to a risk of seeing some financial institutions relocating,” he added. Nevertheless, minister Orban believes that the tax has slim chances of being adopted because many member states oppose it.