Skip to comments.Financial transaction tax: 'Now effective'? (EU)
Posted on 10/02/2012 12:16:26 AM PDT by Olog-hai
France and Germany still need the backing of a number of member states to put in place a European Union financial transaction tax (FTT), despite claims from French President François Hollande that the tax is "now effective", EurActiv.fr reports.
For over a year now, Paris and Berlin have been battling to persuade their European partners to put in place a FTT.
A working group, launched by Germany and France in March 2012, continues to discuss the proposal. Poland and Austria say they will take part in the project. To form a robust cooperation agreement, a minimum of nine countries need to agree.
(Excerpt) Read more at euractiv.com ...
was must about ask if that wasn’t the reason that Germany and especially France want this. France and Germany both, in their different ways, act as if the EU is their own personal private playground.
I have always advocated for a tax on stock trades as a tool to slow speculation (moving money in and out of stocks for the purpose of making a profit) and encourage investment (buying and holding).
Bubbles are caused by speculators.
Why would a tax stop speculation? All that will serve to do is enrich the government. That’s all that taxes do. And the government in Brussels is corrupt enough without this tax to underpin their misdeeds; not once in its existence has its auditors signed off on its budgets.
The only purpose for this tax is to undermine London’s financial sector. It has no other purpose.
It’s part of the cost of doing business. If the transaction fee makes each trade less profitable, there will be less short term, low profit trades.
That is socialism.
They are working on a new device to count every breath you take for which you will be taxed. It’s the Greenhouse Emmissions tax. They are also working on a device to be outfitted to the anuses of livestock to measure the amount of greenhouse emmissions they release and the farmers will taxed on that for each cubic foot.../s
maybe resurceful people need to revisit ideas for nonfinancial transactions
I thought I remember back last year that England can veto this?
The UK vetoed the attempts to alter the Treaty of Lisbon last year; that got ignored. Vetoes mean nothing unless they serve the EU’s agenda.
They’d love to do that in reality.