France, Germany to Propose Financial-Transaction Tax
- Thread starter ASusilovic
- Start date
"A 1996 report on financial transactions taxes for the Canadian government found that Swedenâs 1984 levy of 1 percent on equity trades, doubled two years later, caused half of the countryâs trading to move to London by 1990, a year before the tax was abolished. Capital gains revenues decreased as volume sank, âalmost entirely offsetting revenues from the equity transactions tax,â the report said."
http://www.bloomberg.com/news/2011-...-valuations-euro-trades-near-3-week-high.html
http://www.bloomberg.com/news/2011-...-valuations-euro-trades-near-3-week-high.html
Why the angry smilies ? IMO these are the right ones -->Quote from ASusilovic:
Of course great relevance. We know now that there will be another round of layoffs in London. Let´s say another 50.000 jobs lost in London. They deserve it. They have made propaganda against Europe for more than 2 years.
Good luck, you clueless banksters. Maybe your next job is at McDonald´s !
Those people have a time horizon of their life equal to that of their trades, they're so shortsighted that we can easily guess what they will do from tomorrow: more euro bashing because they're long Italy/Spain/France CDS, LOL.
Good for McDonalds.
EUROPE: Initiatives by President Sarkozy and Chancellor Merkel to defend
the euro has been welcomed by Ireland's Minister for Finance Michael
Noonan, but he emphasised that any constitutional change to limit
national deficits was a matter for consideration by the Government, the
Irish Times says. He also said there was no agreement at EU level for a
levy on financial transactions proposed by the two leaders.
the euro has been welcomed by Ireland's Minister for Finance Michael
Noonan, but he emphasised that any constitutional change to limit
national deficits was a matter for consideration by the Government, the
Irish Times says. He also said there was no agreement at EU level for a
levy on financial transactions proposed by the two leaders.
You must be British. 350.000 USD per capita debt tells you all. Have a nice, debt free day. Next time before you comment, read your own media outlets.
Quote from C6H12O6:
Why the angry smilies ? IMO these are the right ones -->
Those people have a time horizon of their life equal to that of their trades, they're so shortsighted that we can easily guess what they will do from tomorrow: more euro bashing because they're long Italy/Spain/France CDS, LOL.
Good for McDonalds.
Quote from listedguru:
+1
There is no way the UK would sign onto an EU only FTT
-Guru
Dear Guru,
I hope you are right, but politicians are ugly rats. They are quite ready to sacrifice everything to maintain their privileges. Also, when the situation will become serious in EU, London will need to face the choice it never really made: IN or OUT (and I am afraid the former will prevail in the absence of major uprising)