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

Quote from TraDaToR:

http://economia.icaew.com/news/july2013/mps-call-for-government-to-implement-ftt

http://www.ai-cio.com/channel/REGUL...l_Bust-Up_Over_Financial_Transaction_Tax.html
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"The UK government has been told to carry out a proper feasibility test for the financial transaction tax (FTT) by one of its parliamentary committees, driven by concerns the Treasury has rejected it for simply being too difficult."

Haven't their already been like a million of these studies done outlining how damaging this tax would be? How many times do they need to see the evidence? It sounds like a couple of crazies on a committee just trying to make news. There is no way the UK is going to do an about face and embrace the ftt. Sounds like another waste of time and resources.

-Guru
 
Quote from listedguru:

Haven't their already been like a million of these studies done outlining how damaging this tax would be? How many times do they need to see the evidence? It sounds like a couple of crazies on a committee just trying to make news. There is no way the UK is going to do an about face and embrace the ftt. Sounds like another waste of time and resources.

-Guru [/B]
More...

Exactly. ..this is going nowhere.
 
Brussels, 30th July 2013: Europe’s Financial Transactions Tax, to be imposed by eleven EU countries next year, could cost up to 640,000 jobs according to new research.

The study, by Brussels think tank New Direction, uses the EU’s own economic models to measure the possible employment losses.

Estimated impacts of FTT imposed in each Member State

Germany 176,000

France 125,000

Italy 109,000

Spain 81,000

Belgium 23,000

Austria 20,000

Greece 16,000

Portugal 14,000

Slovakia 7,000

Slovenia 3,000

Estonia 2,000

Other EU27 (mostly UK) 65,000

Total

641,000
More...

http://newdirectionfoundation.org/content/euro-bank-tax-could-cost-640000-jobs
 
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