1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
Nine EU countries have asked the Danish Presidency to accelerate ongoing work on the proposed Financial transaction tax
http://fr.reuters.com/article/frEuroRpt/idFRL5E8D76LV20120207
(google translation)
PARIS, Feb. 7 (Reuters) - Nine EU countries European asked the Danish Presidency to accelerate ongoing work on the proposed transaction tax Financial, said Tuesday the French Minister of Economy, Baroin.
The French government announced last month will implement such taxation without waiting for its partners Europeans, on a schedule that remains unclear.
In a statement, Baroin welcomes eight other countries (Germany, Austria, Belgium, Spain, Finland, Greece, Italy and Portugal) and France have sent a letter common to the EU Presidency to invite him to "accelerate Council's work, so as to complete a first reading draft directive in the first half of 2012 ".
"The joint letter demonstrates that the proposal of a tax French registered in the next Finance Bill amendment is complementary to the community process and can cause other states to join the movement, "adds Minister of Economy. (Marc Angrand, edited by Sophie Louet)
http://fr.reuters.com/article/frEuroRpt/idFRL5E8D76LV20120207
(google translation)
PARIS, Feb. 7 (Reuters) - Nine EU countries European asked the Danish Presidency to accelerate ongoing work on the proposed transaction tax Financial, said Tuesday the French Minister of Economy, Baroin.
The French government announced last month will implement such taxation without waiting for its partners Europeans, on a schedule that remains unclear.
In a statement, Baroin welcomes eight other countries (Germany, Austria, Belgium, Spain, Finland, Greece, Italy and Portugal) and France have sent a letter common to the EU Presidency to invite him to "accelerate Council's work, so as to complete a first reading draft directive in the first half of 2012 ".
"The joint letter demonstrates that the proposal of a tax French registered in the next Finance Bill amendment is complementary to the community process and can cause other states to join the movement, "adds Minister of Economy. (Marc Angrand, edited by Sophie Louet)
The DeFazio bill has been gaining cosponsors this month... now up to 27.
They are all Democrats... every last one.
Anyone know the significance of co-sponsors? Does it actually influence the legislative process? ...my assumption is that it is just a political tool and carries no actual weight in the legislative process.
They are all Democrats... every last one.
Anyone know the significance of co-sponsors? Does it actually influence the legislative process? ...my assumption is that it is just a political tool and carries no actual weight in the legislative process.
No Repubican in their right mind would ever co sponsor this bill (LOL). Anyway I think the bill he introduced in 2009 had 30 some co sponsors. You can rest assured that this bill isn't going anywhere (not in this congress).
-Guru
I just hope and pray people can see through the democrats policies and their lies, class warfare, circle jerk with the unions and manipulation of the truth to gain more and more power for themselves and over our lives. I despise ever single one of them.
But, yes, this bill isn't going anywhere.
Europe still keen on financial transaction tax:
http://www.ftseglobalmarkets.com/in...-keen-on-financial-transaction-tax&Itemid=161
Markus Ferber (EPP, DE), nonetheless warned against seeing the tax as the "magic solution to everything". He said that it needed to tackle high-frequency and intermediary players more closely, to ensure that the cost is not simply transferred down the line to pension funds which invest the capital they raise in financial products and are therefore involved in financial transactions.
The pitfalls: A key problem with the Commission proposal highlighted by Mr Kapoor and various MEPs was the need to review the point at which the tax would be levied. The tax should be payable to legalise a financial transaction and not merely if one of the actors is resident in a participating Member State. This would widen the tax base, ensuring that the tax remains effective even if only some EU Member States chose to sign up to it initially.
Next steps: Parliament will provide an official opinion to the Commission proposal. The draft report is to be presented in March with a committee vote tentatively scheduled for April and a plenary one for May.
Parliament has been calling for a financial transaction tax, with steadily increasing majorities, for the past two years.
http://www.ftseglobalmarkets.com/in...-keen-on-financial-transaction-tax&Itemid=161
Markus Ferber (EPP, DE), nonetheless warned against seeing the tax as the "magic solution to everything". He said that it needed to tackle high-frequency and intermediary players more closely, to ensure that the cost is not simply transferred down the line to pension funds which invest the capital they raise in financial products and are therefore involved in financial transactions.
The pitfalls: A key problem with the Commission proposal highlighted by Mr Kapoor and various MEPs was the need to review the point at which the tax would be levied. The tax should be payable to legalise a financial transaction and not merely if one of the actors is resident in a participating Member State. This would widen the tax base, ensuring that the tax remains effective even if only some EU Member States chose to sign up to it initially.
Next steps: Parliament will provide an official opinion to the Commission proposal. The draft report is to be presented in March with a committee vote tentatively scheduled for April and a plenary one for May.
Parliament has been calling for a financial transaction tax, with steadily increasing majorities, for the past two years.