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Financial transaction tax: 'Now effective'? (EU)
EurActiv ^ | 01 October 2012 | (EurActiv.com, based on reporting by EurActiv.fr)

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 ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: eussr; financialtax; taxtheworld; tobintax
Reminder: This tax is specifically targeting the City of London, especially its destruction as a financial center.
1 posted on 10/02/2012 12:16:34 AM PDT by Olog-hai
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To: Olog-hai

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.


2 posted on 10/02/2012 12:33:50 AM PDT by mrsmel (One Who Can See)
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To: Olog-hai

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.


3 posted on 10/02/2012 1:50:20 AM PDT by wizwor
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To: wizwor

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.


4 posted on 10/02/2012 2:15:52 AM PDT by Olog-hai
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To: Olog-hai

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.


5 posted on 10/02/2012 2:43:52 AM PDT by wizwor
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To: wizwor

That is socialism.


6 posted on 10/02/2012 2:54:07 AM PDT by Olog-hai
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To: Olog-hai

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


7 posted on 10/02/2012 3:27:07 AM PDT by jsanders2001
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To: Olog-hai

maybe resurceful people need to revisit ideas for nonfinancial transactions


8 posted on 10/02/2012 3:59:51 AM PDT by silverleaf
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To: Olog-hai

I thought I remember back last year that England can veto this?


9 posted on 10/02/2012 6:41:15 AM PDT by wolfman23601
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To: wolfman23601

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.


10 posted on 10/02/2012 10:39:36 AM PDT by Olog-hai
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To: jsanders2001

They’d love to do that in reality.


11 posted on 10/02/2012 10:41:10 AM PDT by Olog-hai
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