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

Seriously they will wait until 2016 to create their stupid stamp tax. And they waste their time discussing this for hours at each meeting...What the world would know is how much of our money they have already spent on this idea...
 
TraDaToR said:
Seriously they will wait until 2016 to create their stupid stamp tax. And they waste their time discussing this for hours at each meeting...What the world would know is how much of our money they have already spent on this idea...
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i would not use the word stupid for a tax which puts non exempt short term traders out of business.

as to creating the tax in2016 those kind of forecasts are meaningless.
 
Peternam said:
What was the outcome of the ruling ?
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It went against the UK as expected but it doesn't really matter. The decision was made on whether the use of enhanced cooperation was legal or not. It still leaves the UK - or anyone else - free to challenge the substance of any FTT plan and there is still no concrete plan after a year of grandstanding.

In today's Ecofin meeting Osborne made it crystal clear he would not hesitate to challenge a FTT which threatened the interests of non-participating countries through the use of extra-territoriality.
 
Explorer said:
The decision was made on whether the use of enhanced cooperation was legal or not.
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I was under the understanding that the case was rejected because it was premature, it could not be determined to either be inline or in conflict with the rules of enhanced cooperation because there was nothing to determine, there is no concrete plan, just rhetoric and grandstanding.

Several aspects of the end product they claim to desire are in direct conflict and no legit court would up hold it in their favor. Again we see this issue being pushed by the same people in the run up to elections and not all finance ministers and heads of state are going to allow their country's interests, vital interests, to be toyed with by foreign heads of states in order to boost their votes in their home lands.

That such an unprepared, simplistic and disrespectful approach has been taken towards this issue again and again will no longer be ignored or tolerated by 100% of those who originally backed this.

Finally people are starting to see that "introducing it stage by stage" does not magically remove the harm it was projected to cause when fully implemented, it just takes longer to reach that level of harm, such juvenile logic.
 
The Commissioner has said that, “to put it simply one would have to abandon their entire EU client base to escape the tax.
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Or Germany and a handful of basket case economies...how weak their card is when turned upon its head.
 
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