Stories that are tagged 'tobin tax'

	Hungary To Abolish Bank Tax 5/11/2012 The Hungarian government has announced plans to halve the country’s bank tax in 2013, before subsequently abolishing the levy in 2014.
	UK Peers Warn Over Transaction Tax Implications 5/9/2012 The UK’s House of Lords has once again attacked plans by the European Commission for a Europe-wide financial transaction tax, warning that if introduced, the UK could account for 71% of the revenue it would raise.
	Frieden Backs 'Inspirational' Swiss-German Tax Deal 5/2/2012 Luxembourg’s Finance Minister Luc Frieden has recently underscored that the Swiss-German bilateral tax treaty will greatly influence and will be ‘inspiring’ for the ongoing debate within the European Union on the taxation of interest.
	EP Committee Seeks Wider FTT Net 4/30/2012 The Economic and Monetary Affairs Committee of the European Parliament has said in a recently adopted resolution that the European Commission’s proposed financial transaction tax should be better designed in order to capture more traders and to make evading it unprofitable.
	German Bank Tax Yields Meagre Rewards 4/20/2012 Germany’s controversial bank tax is expected to yield meagre revenues this year of just EUR500m (USD655m), well below the government’s original target figure, and below the EUR590m derived from the levy last year, according to recent reports.
	Schäuble Eyes EU Tax On Shares 4/4/2012 Given the ongoing staunch opposition from certain countries to the idea of a financial transactions tax in Europe, German Finance Minister Wolfgang Schäbule has put forward an alternative proposal, starting with a tax imposed on the stocks and shares of companies listed on the stock exchange.
	UK House Of Lords Slams FTT Proposals 4/3/2012 European plans for a Financial Transaction Tax place the City of London under severe threat, a group of UK lawmakers has warned.
	Juncker Seeks Alternatives To FTT 3/29/2012 During a recent conference in Brussels, Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker expressed his reservations regarding the idea of a tax on financial transactions, advocating instead that an alternative be examined.
	Schäuble Concedes FTT Doomed To Failure 3/28/2012 In a shock announcement just ahead of a crucial euro zone finance ministers’ meeting in Copenhagen, German Finance Minister Wolfgang Schäuble has finally conceded that Franco-German plans for the introduction of a European tax imposed on financial transactions are doomed to failure.
	Schäuble Eyes 'Extended' Stock Market Tax 3/27/2012 German Finance Minister Wolfgang Schäuble has recently conceded that there is little chance of a financial transactions tax at European Union level, and has therefore advocated instead the introduction of an extended stock market tax.
	Netherlands Seeks 'Alternatives' To FTT 3/26/2012 The Dutch finance ministry has recently confirmed government plans to ask the European Commission to examine the idea of ‘alternatives’ to the introduction of a financial transactions tax in Europe.
	Semeta Eyes 'Political Compromise' On EU FTT 3/22/2012 During a recent meeting of members of the finance and fiscal committees in the Danish parliament in Copenhagen, European Union Commissioner for Taxation Algirdas Semeta once again underlined the need for a European financial transactions tax (FTT) to partially fund the European budget thereby reducing national contributions, while acknowledging the need for a 'political compromise'.
	EU Parliamentary President Slams Merkel On FTT 3/22/2012 During a recent gathering of the German Social Democrats in Berlin, President of the European Parliament Martin Schulz called into question whether German Chancellor Angela Merkel is actually serious about the introduction of a financial transactions tax.
	EU Divided Over FTT 3/15/2012 Despite months of ongoing discussions, Europe remains divided and seemingly no further forward on the controversial issue of a financial transactions tax.
	Hollande, Miliband Hold Tax Talks 3/2/2012 During a recent meeting in London with the leader of the UK Labour Party Ed Miliband, French presidential candidate François Hollande, currently championing the introduction of a European tax on financial transactions, called for more rigorous financial market regulation, while insisting, however, that he would not be 'dangerous' for the City.
	French Lawmakers Pass 2012 Collective Budget 3/2/2012 The French National Assembly has definitively adopted during a new reading the government’s 2012 supplementary finance bill, a text which had previously been rejected by the Senate, and providing notably for a rise in the standard rate of value-added tax and for the introduction of a financial transactions tax in France.
	France's Hollande Eyes 75% Tax Rate 3/1/2012 French Socialist candidate for the Elysée François Hollande has recently announced plans if elected to introduce a top rate of income tax in France of 75%, imposed on income in excess of EUR1m (USD1.3m) a year.
	French Senate Rejects 2012 Finance Bill 2/27/2012 The French Senate has recently rejected the country’s 2012 supplementary finance bill, a text adopted by the French National Assembly during its first reading on February 21.
	France Adopts FTT In Supplementary Finance Bill 2/14/2012 Within the framework of a supplementary finance bill, the French council of ministers has recently adopted the government’s plans for a rise in the standard rate of value-added tax and for a tax on financial transactions; measures intended to enter into force in France later this year.
	Dutch Central Bank Deems FTT 'Unworkable' 2/10/2012 The Dutch central bank has recently insisted that the introduction of a European financial transaction tax is ‘undesirable’, and warned that it is indeed doubtful whether it will counteract risky market behaviour.
	FTT Will Hit UK Revenues Even With Opt Out 2/8/2012 David Cameron's refusal to sign a new European Union deal will not shield the UK from the impact of a financial transaction tax, Ernst and Young has said.
	Germany's FDP Eyes Saver Tax Relief 2/8/2012 Germany’s ruling Free Democratic Party has recently put forward the idea of raising the savers' tax-free allowance to compensate for a tax imposed on financial transactions.
	Cameron Mocks 'Mad' French FTT Plans 2/3/2012 Signalling perhaps the demise of the Entente Cordiale, British Prime Minister David Cameron has openly and pointedly mocked French President Nicolas Sarkozy’s plans for the introduction of a tax on financial transactions in France.
	FTT 'Simply Madness' Says Cameron 1/31/2012 The mere consideration of a financial transaction tax is 'madness', the UK's Prime Minister has said.
	Danish Presidency's Fiscal Priorities Don't Include FTT 1/27/2012 Denmark’s Economic and Interior Affairs Minister Margrethe Vestager recently explained to the European Economic and Monetary Affairs Committee that the key priorities for the Danish Presidency of the European Union Council of Ministers are increasing surveillance of budgetary policies, and the economic and fiscal surveillance of eurozone member states facing serious financial instability.
	Ireland Continues To Defend Corporate Tax Rate 1/25/2012 Ireland is 'not in the business' of changing its corporate tax rate, Deputy Prime Minister Eamon Gilmore has said, stressing that it remains vital to jobs and investment.
	French FM Sketches Contours Of FTT 1/25/2012 French Finance Minister François Baroin has recently confirmed government plans to impose a financial transactions tax on shares, securities and derivatives.
	Transaction Costs To Soar Under EU FTT 1/18/2012 Transaction costs in the foreign exchange markets would soar under a European financial transactions tax (FTT) and could potentially result in three quarters of taxable transactions relocating to other jurisdictions to avoid the tax, a new report has warned.
	Sarkozy Seeks To Steer Merkel On 'Tobin' Tax 1/11/2012 Ahead of a crucial European Council meeting on January 30, and determined to gain much needed ground in the run up to the presidential elections in France in April, French President Nicolas Sarkozy advocated accelerating implementation of a tax imposed on financial transactions, during his meeting with German Chancellor Angela Merkel in Berlin on Monday.
	UK Will Block 'Tobin' Tax 1/10/2012 The UK's Prime Minister has again signalled his intention to block plans for a European Union-wide 'Tobin' tax, arguing that current plans are not 'sensible'.
	France Takes Lead On Transactions Tax 1/9/2012 France will continue to push for the introduction of a financial transactions tax in Europe this year, even without German backing for an acceleration of the implementation timetable for the proposed new levy.
	Osborne Slates FTT Plans 12/27/2011 The European Commission's plans for a financial transaction tax would have a substantial impact on the UK's revenues, the Chancellor has said.
	France, Germany Work On Joint Tax Initiative 12/16/2011 French Finance Minister François Baroin has revealed that a Franco-German ‘contribution’ to the idea of a tax imposed on financial transactions in Europe is due to be presented on January 23, with a view to being ‘operational’ in 2013.
	Ireland Concerned At UK FTT Opt Out 12/15/2011 The fall-out from the UK's decision to walk away from European Union crisis talks continues, with the Irish Finance Minister Michael Noonan warning of his concerns over a financial transactions tax that excludes the City of London.
	Irish Parties Spar Over EU Taxes 12/12/2011 A major split between countries at the latest European Union summit is worrying for Ireland, opposition leaders have said, raising concerns about the impact of a new deal on the country's financial services sector.
	Austerity Continues For UK 12/1/2011 It may prove hard to avoid recession in the UK, the Chancellor of the Exchequer George Osborne has said, unveiling a package designed to ensure the government meets its fiscal targets in spite of seemingly gloomy economic prospects.
	Investment Managers Warn Of 'Misplaced' Financial Regulations 11/29/2011 In a speech to The Lawyer’s recent Funds Summit, Richard Saunders, Chief Executive of the UK Investment Management Association, focused on the high volume of financial regulations now being introduced, particularly at European level, many of which are the result of a 'misplaced analysis' of the financial crisis.
	UK, Germany Clash Over FTT 11/21/2011 The UK's coalition politicians are uniting in their opposition to plans for a financial services tax, with the Prime Minister expected to clash with the German Chancellor over the issue.
	UK Chancellor Attacks 'Suicidal' Tobin Tax Plans 11/16/2011 With its finances in a perilous state, Europe should not be creating new burdens such as that represented by a financial transactions tax, the UK Chancellor of the Exchequer George Osborne has said.
	'Tobin' Tax Must Be EU-Wide, Says Ireland 11/11/2011 Dublin's financial services sector would be hard hit were proposals for a financial transaction tax not rolled out across the European Union (EU) as a whole, Ireland's Finance Minister, Michael Noonan, has warned.
	FTT Implementation Could Destroy City Of London 11/8/2011 A Tobin tax would destroy derivatives trading in the City of London, crippling the UK economy, a new report has argued, while the Prime Minister has made clear that any such tax must be applied globally.
	US Lawmakers Propose Financial Transaction Tax 11/4/2011 Senator Tom Harkin (D - Iowa) and Representative Peter DeFazio (D - Oregon) have introduced bills in both sides of the United States Congress to place a financial transaction tax on trading activities undertaken by banking and financial firms, with effect from January 1, 2013.
	London Mayor Fears EU Transactions Tax 11/2/2011 Europe should drop its proposals for a financial transactions tax at the earliest opportunity, London's Mayor has said, slamming the plans as a 'new mill stone' which will do major economic damage.
	FTT Would 'Cripple' City of London, CBI Chief Warns 10/18/2011 If Europe is heavy handed in its future financial services regulation, the City of London will be disproportionately hit, with proposals for a financial transactions tax likely to do lasting damage, the head of the UK’s main business body has said.
	Semeta Outlines Common Rules For European FTT 10/4/2011 The European Commission has outlined common rules for the introduction of the proposed financial transactions tax.
	UK To Resist EU Financial Tax 10/3/2011 The European Commission's plans for a financial transaction tax have been attacked by UK business and banking leaders, and is expected to be blocked by the UK government.
	ICAP Boss Condemns 'Silly' Transactions Tax Plan 8/25/2011 The City of London would face destruction were a financial transaction tax adopted, with companies simply moving elsewhere to avoid the 'silly tax', the head of the world's largest interdealer broker has said.
	Tobin Tax Is 'Economic Suicide' UK Business Warns 8/22/2011 Plans for a European financial transactions tax have been slammed as reckless, unlikely to raise significant revenues and economic suicide by members of the UK's business community.
	Noonan Outlines Ireland's Stance On Euro Taxes 8/22/2011 Ireland's corporate tax rate is safe and will not be hit by French and German plans to harmonise their levies as part of a pact to save the eurozone, Finance Minister Michael Noonan has said.
	Trichet Slams EU Financial Tax 7/8/2011 During a recent meeting of the European parliament’s economic and monetary affairs committee in Brussels, President of the European Central Bank Jean-Claude Trichet vehemently rejected the idea of introducing a financial transactions tax purely at European level.
	France Votes 'Yes' To EU Tobin Tax 6/20/2011 Marking a significant step forward, albeit largely symbolic, the French National Assembly voted almost unanimously in favour of a European resolution seeking to introduce at European level a tax imposed on all financial transactions.
	Brazil Makes Further Changes To IOF 5/31/2011 Brazil has introduced three new changes to its financial transactions tax, restoring the levy on certain private debt securities, amending collection procedures for small firms, and cutting the time the tax can be charged on bank debts.
	Economists Press G20 On Tobin Tax 4/14/2011 Ahead of an April 13 meeting of G20 finance ministers, 1,000 leading economists published a letter calling for the imposition of a financial services tax, the demand for which, according to the letter, is gathering momentum.
	European Council Adopts Fiscal Package 4/4/2011 The European Council has recently adopted a comprehensive package of measures, designed to respond to the crisis, preserve financial stability and boost growth, while at the same time strengthening economic governance and competitiveness of both the euro area and the European Union.
	Italian Democrats Unveil Tax Reform Programme 3/23/2011 The Democratic Party, Italy’s largest centre-left party and the second largest in the country, has provided its proposals for wide-ranging tax reforms, with the objectives of both reducing Italy’s fiscal deficit in the medium-term and also providing incentives for increased economic growth.
	Germany's Chances For Tax Cuts Fade 3/22/2011 Unveiling the cornerstones of the federal 2012 budget in Berlin, Germany’s Finance Minister Wolfgang Schäuble provided his assurances that the budget remains secure, despite uncertainties surrounding expected revenues from both the proposed financial transactions tax and the nuclear fuel tax.
	EU Parliament Backs Tobin Tax 3/9/2011 The European Parliament in Strasburg has, by an overwhelming majority, voted in favour of the introduction of a financial transactions tax at European level.
	French To Push For Tobin Tax At G20 2/15/2011 French Finance Minister Christine Lagarde has recently confirmed France’s intention to put forward the idea of creating a tax on financial transactions at the forthcoming G20 meeting in France, despite continuing opposition from certain members of the group.
	Peru Approves VAT Cut 2/14/2011 In an attempt to reduce inflation and stimulate economic growth in the economy, Peru’s parliament has approved the government’s proposal to reduce both the country’s value added tax and its tax on financial transactions.
	Germany's CDU Backs Tobin Tax 2/9/2011 Determined not to have their plans blocked by Europe, Germany’s ruling Christian Democratic Union party is reportedly considering the idea of joining forces with France and Austria, and pressing full steam ahead with the introduction of a financial transactions tax.
	Austria Backs Financial Transactions Tax 2/2/2011 Speaking on the sidelines of the World Economic Forum in Davos, Austria’s Chancellor Werner Faymann called for the introduction of a financial transactions tax, to be provided for in the European Union’s 2014-2020 budget.
	Sarkozy Urges Leaders To Explore 'Innovative Financing' 1/28/2011 During a keynote speech at the World Economic Forum in Davos, French President Nicolas Sarkozy once again advocated the introduction of an ‘infinitesimal’ tax on financial transactions to finance development aid in order to avert a future crisis.
	Sarkozy Renews Drive For Financial Transactions Tax 1/27/2011 During a recent press conference presenting France’s presidency of the G20 and the G8, French President Nicolas Sarkozy once again underlined France’s support for the introduction of a tax levied on financial transactions.
	Think Tank Supports US Transactions Tax 1/26/2011 The Center for Economic Policy and Research, Washington, has pointed out that, while most other plans for reducing the projected United States fiscal deficit have not included a financial speculation tax in the mix, this seems peculiar since such a tax could be attractive as a revenue source.
	Thailand Studies Tobin Tax 11/29/2010 Thailand’s central bank governor, Prasarn Trairatvorakul, has said that it is possible that other measures could be used to discourage the inflow of speculative short-term foreign funds in the country, including a financial transactions tax on currency transactions.
	EU Favours 'FAT' Tax On Finance 10/11/2010 The prospect of Europe proceeding unilaterally with a financial transactions tax is becoming increasingly unlikely as European Taxation Commissioner Algirdas Semeta has rejected calls for the introduction of such a tax by Germany, France and Austria, warning that the tax only makes sense at global level, given that the financial sector is very mobile, and emphasizing that this is currently not feasible.
	Sarkozy Renews Drive For Tobin Tax 9/23/2010 During his speech at the United Nations summit meeting held in New York, French President Nicolas Sarkozy announced that France would increase funds to fight AIDS and malaria by 20% over the course of the next three years, and also called for the creation of a financial transactions tax to finance development aid.
	EU Divided Over Financial Tax 9/10/2010 During a recent European Council of Finance Ministers meeting held in Brussels, deep divisions regarding the introduction of a financial transactions tax within Europe emerged.
	Europe Agrees Regulatory Reforms, But Not Taxes 9/9/2010 The European Council has endorsed an agreement with the European Parliament on reforms to the European Union framework for financial supervision, but was only able to hold an 'exchange of views' on the options available for the levying of taxes on banks and financial transactions.
	Tremonti Looks For Flexibility On EU Bank Tax 6/23/2010 At the same time as the proposal came under attack from ABI, the association of Italian banks, and Confindustria, the Italian industrial federation, Italy’s Minister of the Economy, Giulio Tremonti, expressed the hope that the proposed European Union bank tax would be applied flexibly between individual countries.
	EU Reaches Bank Tax Agreement 6/21/2010 The EU has reached agreement on the imposition of a tax on banks and the publication of their "solvency tests".
	WHO Mulls Global Internet Tax 5/13/2010 The use of an internet tax to raise 'tens of billions of dollars from a broad base' will be among the many tax-based financing mechanisms to be considered by the World Health Organization at the 63rd session of the World Health Assembly, which takes place later this month in Geneva.
	Banks Reject Bailout Tax Proposals 4/28/2010 The Institute of International Finance has told G20 leaders that it sees "no merit" in proposals for a global bank tax.
	IMF To Propose Banking Taxes 4/12/2010 The International Monetary Fund is likely to propose two taxes when it presents its report on the best method to recoup taxpayers’ money used to bail out the international banking system.
	EC Evaluates New Financial Taxes 4/8/2010 The European Commission has published a working document that assesses major new sources of revenue, particularly taxes on financial transactions and carbon emissions, which could be utilized by member states to provide additional resources for fiscal consolidation.
	MEPs Debate Tobin Tax 4/1/2010 The European Parliament has been debating a financial transactions tax, after adopting a resolution in early March to back the introduction of a levy to ensure that the financial sector fairly contributes towards the cost of the crisis, and the recovery of the global economy.
	Austria Set To Tax Speculators 3/31/2010 Austria’s Finance Minister Josef Pröll is proposing to levy a tax not merely on the country’s banks, but also on any speculative activities.
	France's Lagarde Mulls Bank Tax 3/26/2010 Having already agreed a tax on bonuses, French Finance Minister Christine Lagarde has now announced plans to introduce a tax on banks, the product of which could be used to safeguard institutions from future financial insolvency.
	German Coalition United On Bank Tax 3/24/2010 During a recent coalition summit meeting, leaders of the German government united on plans to introduce a levy on banks in Germany – amounting to billions of Euros – in the wake of the financial crisis.
	Tories Propose Bank Tax 3/23/2010 In a speech on March 20, David Cameron, leader of the UK Conservative Party, announced that a Tory government would introduce a US-style bank tax in order to recoup funds spent on bailing out certain banks for the country's taxpayers.
	Canada Rejects Bank Tax 3/19/2010 In interviews this week, Canadian Finance Minister, Jim Flaherty has reiterated his government’s opposition to introducing a financial services levy in Canada, saying that it would be a tax on investment, and would work against efforts to bring about economic recovery.
	MEPs Push EU Tobin Tax 3/12/2010 In a recently adopted resolution, the European Parliament has emphasized the need to develop plans for a global tax to discourage excessive risk-taking by financial institutions and to ensure that the financial industry pays for damage caused by the financial crisis.
	Brussels Advocates Introduction Of Financial Transactions Tax 2/25/2010 In its latest economic strategy document, the European Commission has urged European Union member states to consider the introduction of taxes levied on financial transactions in order to increase their revenue.
	Global Economists Call For Tobin Tax 2/17/2010 A group of 350 economists from around the world have put their signatures to a letter which urges the Group of 20 nations to set in place a financial transaction tax, popularly dubbed a 'Tobin tax'.

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