The current EU-11 FTT is what you call "legislate in haste"?LOL...They have been talking about it for a lifetime and it won't likely see the light before 2015...They took so much time talking about it that it will take years just to cover the cost of those debates on taxpayers( just half joking ...). And I gave you an example of a FTT which was repealed in haste : France's impot de bourse which was repealed unilaterally within months by Sarkozy... Capiche now? 2 perfect examples of "legislate in leisure" and "repent in haste".
Existing in France between 1893 and 2007, the tax on stock exchange transactions was a tax proportional to hit the buying and selling spot or futures, stock broking, including equities .http://translate.google.com/transla...a=X&ei=rO8DUaGICKTU0gHi-YHgCQ&ved=0CHQQ7gEwCQ "France's impot de bourse which was repealed unilaterally within months by Sarkozy...' link with date of inception and date of repeal?
Harkin, DeFazio Welcome EU Action on Transaction Tax; Announce Plans to Reintroduce U.S. Bill http://www.harkin.senate.gov/press/release.cfm?i=339332
Excellent news here. -------------------- "Harkin wonât seek another term in Senate" "Sen. Tom Harkin (D-Iowa) will retire at the end of 2014, he told the Associated Press Saturday." http://thehill.com/blogs/ballot-box/senate-races/279485-report-harkin-wont-seek-reelection
I am talking about the actual repeal which was done in haste. This tax had been there for a century, nobody was really contesting it but Sarko had a present for finance when he first got elected... Within 6 months of his election, with no debate whatsoever, he singlehandedly decided to repeal it. The parliament followed. End of story. Much faster than for example the current project of EU FTT... Whatever, we are boring everyone here. Nobody cares. I just won't respond to you in the future.