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

The UK claims that the use of enhanced cooperation here is fundamentally against the EU treaties as it imposes costs on those outside the FTT-zone. If the ECJ rules against the UK, it could become a wide-ranging precedent with three key effects:

Allowing for the broader use of enhanced cooperation (even with extraterritorial impacts) including for eurozone integration

Making it more difficult for the UK to employ a veto over further EU integration it's not part of

Undermining trust in the ECJ as a fair, impartial arbiter and guardian of the single market

However, it's important not to be too alarmist about this. While the ruling looks unlikely to go in the UK's favour (but it still could) it seems more likely to be dismissed on grounds of the UK's challenge being premature (given that the proposal is yet to be finalised) rather than being outright wrong. So the UK will have another shot at challenging the final decision.
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Unless a labour government are in power when the time comes.

http://openeuropeblog.blogspot.co.uk/2014/04/judgement-day-for-eu-ftt-will-ecj-rule.html
 
It has been apparent to all for some time now that those behind this neither give a dam for or understand economics, cost benefits analysis, the negative impacts, the people it crushes, it means nothing to them, they are hellbent on imposing their morality and there way on us all despite any consequence.

With their army of useful IDIOTS they roll on. If the court ruling is against the UK despite the contradictions between the proposals and the rules of enhanced cooperation , especially if the UK is unable to make a case on the same grounds again as the first was rejected for being premature ( yet the loons were given to go ahead to use it before they had even finalized a plan ) it is clear evidence the rule of law has left and the courts are for nothing more than upholding the EUs wishes as they cast laws to suit their current need, as opposed to the rule of law.

Sadly, putting the retail traders in the 11 country's to one side, what is the world actually losing? Providing the toxic trades coming out of those country's are isolated and a way is found to stop exposure to such taxation when a person is neither trading products that originated within the 11 country's and are not geographically located within the 11 country's, whats the big issue if they isolate them selves to such a breath taking stupid extent?

Corporations will create subsidiaries and structures to minimize the problem and trading houses will simply move, I am sick and tired of reading the news with a sense of dread, wondering what the people with power who have never had a real job in their lives have come up with now, but when push comes to shove, for those prepared to leave such an anti-business & anti-sense climate, what is the actual problem?

http://www.forbes.com/sites/timwors...ly-silly-new-rules-on-high-frequency-trading/ . . . clever . . .
 
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