asterisk2a + transactiontax   6

Who Will Pay? Austerity vs. Bailouts | Greece, Europe and The Euro! - YouTube
have to be held accountable >> bankers! but have not, just transfered private debt/losses onto public balance sheet which no has to paid down by the weakest of society and collectively by less public investment for the future (output gap/lower productivity) ie into infrastructure and education // stealing from the young // policy making by comfort and trinkets - George Osborne // moral hazard - the options they choose - paulson geithner summers and co made the tbtf and jail even worse! instead should have chosen partial privatization // sold off our future for keeping the gangsters "private" - get out of jail free card for what reason? because it would be not American? American means to be WALL STREET crony capitalistic greed with tax evasion and lobbying to the tunes of millions - your judge - that judges on you whether you get a free out of jail card?! // who will suffer in the end? the public and the weakest of society and unborn! period. long-term. // &! youtu.be/EmHYeGI0b_U
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july 2015 by asterisk2a
Transaction tax may drive FX market from London | Reuters
FX trade will simply move to financial centers outside of Europe such as New York and Tokyo, they say.
"A tax would be detrimental to liquidity trading volumes in any financial market and it would quickly drive FX business overseas to American and Asian firms," said Brendan Callan, CEO of FXCM Europe, one of the world's largest retail FX brokers.
"Any clients that do not have to trade through Europe would not. A lot of the banking crisis was down to illiquid markets, and policymakers are not giving enough consideration to unintended consequences. Greece is not in danger of default because of speculators."

That would mean it will apply to the UK, which accounted for 36.7 percent of all foreign exchange market turnover in 2010 according to the Bank for International Settlements.
transactiontax  tobin-tax 
august 2011 by asterisk2a
Icap's threat to quit UK over EU tax - Business News, Business - The Independent
Sweden, the only country to have tried a Tobin tax of 0.5 per cent in the late 1980s, saw an exodus of financial activity to London – by 1990 nearly two-thirds of share-trading volume had moved there. Only a fraction of the tax hoped for was raised and it was scrapped after five years.
tobin-tax  transactiontax  2011 
august 2011 by asterisk2a
EU assembly backs bank transaction tax | City A.M.
A tax that would cover transactions such as derivatives would reduce speculation and public deficits, parliament's resolution said.An 0.05 per cent tax would bring in nearly €200bn in the EU, rising to €650bn at the global level.
bank  regulation  tax  Europe  derivatives  reform  finance  2011  transactiontax 
march 2011 by asterisk2a

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