MercoPress. South Atlantic News Agency
Germany, France and nine other EU countries approved tax on financial transactions
France, Germany and nine other European Union states side-stepped British opposition this week and won approval for a tax on financial transactions, it emerged on Wednesday. Read full article
Comments
Disclaimer & comment rulesThis story isn't what it might appear at a glance. In fact it is great news. They haven't imposed this tax on London - just themselves. More business for Britain should be the result.
Jan 25th, 2013 - 05:37 am - Link - Report abuse 0there own greed will be there own downfall!!!
Jan 25th, 2013 - 06:21 am - Link - Report abuse 0Who said that Turkey's don't vote for Christmas. They just have - by a landslide!
Jan 25th, 2013 - 07:29 am - Link - Report abuse 0@1 I had to read it twice to make sense of it.
Jan 25th, 2013 - 08:36 am - Link - Report abuse 0Surely ALL 17 Euro nations will be bound by this decision, not just those mentioned ... ?
The odd thing about this is that I can't find any mention of it outside here and the BA Herald.
Jan 25th, 2013 - 09:28 am - Link - Report abuse 0If it had been imposed on London it would be front page news and I'm surprised it isn't even under these circumstances.
What they have really done :-
Jan 25th, 2013 - 10:05 am - Link - Report abuse 0“11 European Union countries clinched enough support to start drawing up plans for a financial transactions tax.”
http://www.nasdaq.com/article/ecofin-germany-france-hope-for-quick-implementation-of-transaction-tax-20130122-00940#.UQJXyGc2ySo
As long as it's not implemented in the UK then I don't suppose we'll care. There isn't any mention of efforts to try to.
Jan 25th, 2013 - 10:10 am - Link - Report abuse 0A good analysis of the proposals:-
Jan 25th, 2013 - 10:14 am - Link - Report abuse 0http://www.huffingtonpost.com/2013/01/24/eu-financial-trading-tax_n_2539913.html?utm_hp_ref=business
....so to summarise - it's a stupid idea. I say let them get on with it.
Jan 25th, 2013 - 10:30 am - Link - Report abuse 0“enhanced co-operation” - double plus good.
Jan 25th, 2013 - 01:22 pm - Link - Report abuse 0“EU Taxation Commissioner Semeta said the tax, strongly rejected by the UK could yield up to 57 billion Euros a year”
Jan 25th, 2013 - 04:19 pm - Link - Report abuse 0All you idiots here need to understand, trading of those (worthless) derivatives, is the main business of the city of london and it's main trading partners are in mainland Europe. This is all part of Germany who wants the UK out so that Frankfurt am Main will become the new financial capital of Europe and perhaps of the world.
Camaron is shitting is his pants and is desperate because he knows that it's people will get the UK out of the EU, while he needs Europe to bail out the zombie banks in the city of london.
11 Fido Dido
Jan 25th, 2013 - 04:50 pm - Link - Report abuse 0There speaks an idiot who clearly doesn't understand himself. I work in an investment bank in the City of London, sat at my desk right now in fact. What do you do?
( 12 ) Idlehands
Jan 25th, 2013 - 06:18 pm - Link - Report abuse 0You say....:
“I work in an investment bank in the City of London, sat at my desk right now in fact.”
I say....:
”You work in an investment bank in the City of London and didn't know about Vale until yesterday?
May I ask.... What desk are you sitting at?
13 @Think
Jan 25th, 2013 - 06:28 pm - Link - Report abuse 0You again show your lack of knowledge, there is no reason foe everyone in an investment bank to have heard of Vale!!
The good news is that everyone is happy (except Fido, but he is never happy, kind of an Eeyore type)
Jan 25th, 2013 - 06:58 pm - Link - Report abuse 0- 11 EU nations get to tax financial transactions as they wanted
- London avoids the tax and wins more business
The Swedes applied a tax on equity trades in the 90s. Overnight the industry moved to London - after a few years they scrapped it. This too will be an own goal. The big EU banks will just shift taxed transactions to London (or Switzerland, or Singapur, or anywhere really).
Time will tell,
Jan 25th, 2013 - 07:55 pm - Link - Report abuse 0the european union will impload, good luck,
but we need to get out now, not in 5 years time, camaron is playing with matches again.
Its about time Deutsche Bank finally moved its headquarters from Frankfurt to London. They've been toying with it for years - Germany may have finally given them their marching orders.
Jan 26th, 2013 - 01:38 am - Link - Report abuse 0The continentals are constantly finding new ways to give London their money. Even ex president Sarkozy is moving his Billion to London
they have had 40 years,
Jan 26th, 2013 - 08:04 pm - Link - Report abuse 0and all they have done is screw it up,
they cant even standardise a simple plug.
out now.
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