The French Government abandoned bank sources said the introduction of a financial transaction tax on its own and just want to apply a stock transfer tax. "Part of our message has been understood," said the representative of a major French bank, the Handelsblatt.
In recent days, the banks had held talks with the Treasury and threatened to shift a large part of their business to London. This would be lost jobs and failed the emergence of the tax is much lower. Paris, however, goes two ways: The more extensive transaction tax will be introduced later with EU partners.
It is unclear whether Berlin is adjacent to the French advance.
Economy Minister Roesler said in an interview with the "Rheinische Post" for a stock transfer tax. From the Finance Ministry said cautiously, Schäuble would try to March, to get an EU-wide transaction tax. He meets Monday with his French counterpart, François Baroin.
Followed by the Paris stock exchange turnover tax is to apply for French stocks and bonds, where the distinction is not entirely clear: it could only apply for the financial center or Paris for French papers, wherever they are traded.
How far does the consideration of the Treasury under Baroin on their own financial center shows itself in the fact that it will eventually exclude even the high-frequency trading in shares. In this form of computer trade papers in fractions of seconds are repeatedly bought and sold. He is highly critical of because it is purely a commercial machine that makes trouble-prone, according to his critics the markets. But even here you can see endangered promising high-tech jobs.
English article about the new FTT developments in Germany yesterday:
