Monday, December 26, 2011

Tobin tax for Europe (at least)

Eurozoneremarks - Tobin Tax





Dear reader,






one of the many subjects of the crisis approach by EU politicians is the introduction of a Tobin tax. Some players are vividly for its introduction  , some were first skeptical now seemingly not opposed to it anymore and Britain was estranged from continental Europe mainly because of such measures likely to be imposed by EU Commission & national political players.











As the author here became confused himself who is for/ against/undecided it is time to present a compilation of latest developments on this tax on financial transactions.











Germany:
Feb 28th 2012 #
Barry Eichengreen: Tobin tax is a mistake (FTD)
Jan 14th 2012 #
FTT: The Robin Hood tax #( FAZ)
Jan 13th 2012 #
Merkel doesn't want to enforce FTT against will of FDP coalition partner (AFP)
Jan 12th 2012 #
Preventing a relocation of financial activities (FDP)
Jan 10th 2012 #
Merkel takes Sarkozy more serious than FDP #(WSJDeutschland)
Dec 26th 2011 #
Schäuble pushes the gas throttle in struggle for Tobin tax (reuters)
Aug 20th 2011 #
FTT: Resistance against Merkel and Sarkozy (ftd.de











The Netherlands:
Jan 14th 2012 *
10% less pensions by European FTT (vno ncw)
Sep 29th 2011 *
Cabinet dislikes plan of Barroso completely (nuzakelijk)





CPB: "Financial transaction tax not efficient"(translated version of RTLnieuws) 
Oct 22nd 2011

Netherlands Supports Financial Transaction Tax, Rutte Says (Bloomberg)











France:
Nov 15th 2012

Speculators Find Loopholes in French Transaction Tax (BBG)
Jan 14th 2012

France eyes all securities with Tobin tax (Reuters)





France ready to go solo on financial transaction tax (France 24 )



%
Sarkozy wants faster implementation of Tobin tax (Le Monde)



#
G20 meeting: Sarkozy demands financial transaction tax (Frankfurter Rundschau)



%
French financial sector against isolated initiative by Paris (France24)

Apr 10th 2013



Tobin Tax is madness for Europe, and economic war against Britain





Austria:
May 18th 2010

FTT: Government split (Wienerzeitung)
May 25th 2010 #
ÖVP (=conservatives) wants "FTT light" (DiePresse)
Sep 17th 2011 #
FTT invokes controversy  (Wirtschaftsblatt)



#
(austrian finance minister) Fekter: "Hail Barroso's announcement of a FTT“ (Austrian government news summary)











Italy:





PDL says they would only support a Tobin Tax if adopted by all EU members. #Italy (via @AlbertoNardelli)
Jan 8th 2012 %
Italy open to a Tobin tax on European scale (TF1)
Jan 8th 2012

Italian Prime Minister Mario Monti: 'The euro is not in crisis' (Telegraph)











EU: 
Jan 9th 2012

Tobin tax 'could leave €116bn hole in EU finances', Ernst & Young warns (Telegraph)
Oct 3rd 2011

European politicians plot to block UK veto on 'Tobin tax'(Telegraph)
Dep 28th 2011

FTT: EU commission wants to tax financial transactions (Focus)











UK:





Subject: Tobin tax (Guardian





George Osborne attacks Tobin tax (Telegraph video) 
Dec 6th 2011

Paddy Ashdown: We need a Tobin tax – but not to fill black holes (The Independent
Jan 8th 2012

David Cameron: I will block EU financial transaction tax (Telegraph
Jan 9th 2012

Tobin tax 'could leave €116bn hole in EU finances', Ernst & Young warns (Telegraph)











Denmark:
Jan 10th 2012 #
Denmark also against EU wide Tobin tax. Also a topic at meeting Lagarde/Merkel (Deutschlandfunk )











Sweden:
Jan 16th 2012

Ex-minister: financial transactions tax 'failed' (The local)





other: 
May 17th 2010 #
Attac: 270 bn Euro from financial transaction tax (Die Presse)



#
Special reporting on FTT subject by diepresse.com
Oct 15th 2009 #
Sense and nonsense of FTT (Profil)











#=german *=dutch %=french











references for Tobin tax:





The Tobin tax explained 




pdf James Tobin in a prologue to the book: "The Tobin tax"
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