FTT delay '99% certain' The 11 European countries attempting to introduce a financial transactions tax are now highly unlikely to implement the levy at the start of January 2016 as planned.[...] http://www.efinancialnews.com/story...-fresh-delay?ea9c8a2de0ee111045601ab04d673622
Eurozone ministers failed to find common ground on a long promised financial transaction tax, official sources said on Monday, put into jeopardy by sharply differing views on its implementation, AFP repored. "The meeting finished without a result," a German diplomatic source said after talks between the 11 ministers involved in the proposal. "We've only agreed to keep trying. But there's no timeline, and the positions haven't gotten closer," the source said.[...] http://www.focus-fen.net/news/2014/12/08/356715/eurozone-ministers-disagree-on-tobin-tax.html
The Eurozone realizes they have a huge deflationary problem occurring and they can't afford to pass legislation they know with 100% certainty, will slow down the financial sector.
Sherrod Brown co-sponsored the Transaction Tax legislation with Defazio. http://www.cleveland.com/open/index.ssf/2014/12/sen_sherrod_brown_gets_a_top_w.html
How does this work...if they introduce something in the current Congress and it doesn't make it out of committee, does it expire at the end of the current session or is it still active going into the new one?
http://www.expatica.com/fr/news/cou...n-Tobin-tax-money-for-environment_444268.html The fight against Climate change is back...LOL
Gormless idiot and his love of publicity, I don't see him offering up the funds raised from the french tax...always the big plan!! Always into the future!!
http://wapo.st/1AGbKtj House Democrats to introduce a financial transactions tax tomorrow. They're making a big play for juicy middle-class tax cuts financed by closing loopholes on the rich and a financial transactions tax. They're bringing out all the big guns with Pelosi, Van Hollen, Elizabeth Warren and it's going to be their progressive-party platform. No way the Republican Congress will do it, but it will pressure them in tax reform discussions. Get ready to dust off all your old content to quickly respond on all media platforms to this new Dem PR pitch.
The Democrats are shameless in quest for power. Why would they want to put a 0.1% tax on holders of pensions, IRA's, 401k's, etc? HF traders and hedge fund 1%'ers make up a small percentage of the overall market, yet all they can think of is coming up with a tax that hits everyone trying to save for retirement. Unbelievable.