Quote from Explorer:
France:
[...]The 0.1% financial transaction tax proposed by the previous conservative government was expected to net E1.1 billion per year, but now it appears unlikely to meet the target, [Les Echos] said, citing a Finance Ministry source.
A higher tax rate is being considered, but market professionals are already concerned that activity on the Paris stock exchange is likely to suffer as long as no such tax is imposed at the EU level, which the UK opposes. [...]
http://www.english.rfi.fr/france/20120619-french-press-review-19-june-2012
LOL - now this is liberalism at it's best. A terrible tax that doesn't work and is now going to bring in less revenue than expected. The solution? Make the rate higher. This is comical, you can't make this stuff up (LOL)...
-Guru