InfoAnda - Exclusive: Germany makes last-ditch attempt to save transaction tax |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Twitter's heady rise has Venezuela's Hugo Chavez in spin | 30 March 2010
Oil climbs towards $41 after OPEC supply pledge | 9 February 2009
U.S. government invalidates potent Rambus patent | | 28 January 2012

Marines await Taliban move in deadly Afghan valley | 4 March 2011

Forum Views () Forum Replies ()

Read more with google mobile : Exclusive: Germany makes last-ditch attempt to save transaction tax |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Slideshow Full Focus Editor's choice Our best photos from the last 24 hours. Full Article Images of February Follow Reuters Facebook Twitter RSS YouTube Read MasterCard, Visa warn of possible security breach 3:24pm EDT Clinton meets Saudi king amid Syria, Iran tensions | 1:11pm EDT Apple, Foxconn set new standard for Chinese workers 6:07am EDT Exclusive: Iran helps Syria ship oil to China: sources 8:17am EDT World record $540 million lottery drawing set for Friday night 11:16am EDT Discussed 254 Poll: Americans angry with Obama over gas prices 225 Cheney recovering after heart transplant: spokeswoman 218 Black friend defends shooter of Florida teen Watched Urine eggs a delicacy in China Thu, Mar 29 2012 Congressman dons a hoodie, gets kicked off House floor Wed, Mar 28 2012 Mitt Romney gets backing from George H.W. Bush 12:10am EDT Exclusive: Germany makes last-ditch attempt to save transaction tax Tweet Share this Email Print Related News Spain reveals deep cuts to meet deficit goal 3:08pm EDT Analysis & Opinion Essential tax and accounting reading: taxing the rich, MF Global accounting under review, Simpson-Bowles cuts get a vote, tax hike helps New York budget, and more Who’d be a central banker? Related Topics World » Germany » 1 of 2. A protester holds a peace flag during an Occupy Frankfurt demonstration in Frankfurt January 15, 2012. Credit: Reuters/Ralph Orlowski By John O'Donnell and Daniel Flynn COPENHAGEN | Fri Mar 30, 2012 3:44pm EDT COPENHAGEN (Reuters) - Germany made a last ditch attempt on Friday to salvage the prospect of a financial transaction tax in Europe by proposing to apply the charge initially only to trading in company stock, but still faced resistance to its plans. A document circulated at a meeting of EU ministers and obtained by Reuters describes a two-stage approach of advancing towards a "comprehensive financial transaction tax", with the first step being a scaled-down levy. Germany has struggled to rally support for a tax on buying and selling shares, bonds and derivatives and the offer to initially limit such a tax to equities shows that a full-scale tax is off the agenda for now. Much of the momentum for the debate comes from public distrust of banks and similar groups after the financial crisis. The compromise on transaction taxes was put forward by Germany's finance minister Wolfgang Schaeuble at a meeting with his EU peers in Copenhagen. "This would entail a tax payable on all transactions involving shares of corporations listed on a stock exchange, with the tax levied according to the place where the corporation has its registered office," the document said, adding that negotiations on broadening the tax to cover bonds and derivatives should follow. The tents of Occupy Frankfurt, an anti-bank protest movement that sprang up in the shadow of Occupy Wall Street, are still on the lawn outside the European Central Bank in Germany. Failure to make progress on the issue would be embarrassing to the French and German governments, which have attempted to show leadership in Europe throughout the financial crisis. FRENCH SUPPORT, BRITISH OPPOSITION "The idea would be to move ahead with a tax on shares among those countries which are willing to impose a stamp duty-like tax, and then have the full tax including derivatives as a second step," said one European official. A second source said there was still broad opposition to the tax among ministers. "I think it is quite unlikely that we will see a Europe-wide tax," he said. "A number of countries are very, very firm on their belief that we should not have a Europe-wide financial transaction tax." So far, the debate about such a tax has centred on a blueprint written by the European Commission for a tax on stock, bond and derivatives trades from 2014 that could raise up to 57 billion euros ($76 billion). France has already announced it will introduce a 0.1 percent tax on the purchase of listed stock in large French corporations from August. President Nicolas Sarkozy has said he hopes this will set an example for other European nations to follow. However, Britain has said it will stop any pan-European transactions tax as London, the region's biggest trading centre, would likely be hardest hit by the plan. Germany has said the euro zone is the smallest feasible grouping required for a financial transaction tax to work, but one EU official said its watered-down plan was unlikely to succeed even at this level given tough resistance from Luxembourg and a lukewarm response from the Netherlands. "It won't fly in the euro zone either," the official said. Political leaders in Germany, which has national elections next year, and France, where two rounds of presidential elections take place in April and May, believe the tax will please voters. The Commission's proposal is to tax stock and bond trades at the rate of 0.1 percent and derivatives trades at 0.01 percent. Britain's stamp duty of 0.5 percent on share trades raised almost 3 billion pounds in the financial year to April 2011. Any pan-European plan needs the backing of all 27 member states to become law, although a smaller scheme is possible. ($1 = 0.7509 euros) (Reporting by John O'Donnell and Dan Flynn; Additional reporting by Robin Emmott and Annika Breidthardt; Editing by Ruth Pitchford) World Germany Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 31 March 2012
Obama says enough world oil to crack down on Iran sales |
Exclusive: Germany makes last-ditch attempt to save transaction tax |
Hungarian president vows to stay on |
In Toulouse suburb, scooter killer is one of us |
UK says report of Afghan plot to kill envoys is credible |
Yemen LNG pipeline blown up, output halted after drone attack |
Expedia files Google complaint to EU regulators |
Yahoo layoffs to begin next week: report |
E-books settlement talks advancing: sources |
EU's Almunia: may probe Motorola, Apple, Microsoft dispute |
Carrie Underwood finds real things to sing about |
Singer Jerry Lee Lewis marries for 7th time |
Outspoken Morocco rapper charged over insulting song |
Clinton, Saudi's Abdullah discuss world oil balance |
Bombs kill 8, wound at least 70 in Thai Muslim south |
Lawyer says U.S. blocks investigation of Afghan massacre |
Mexican presidential favorite vows to restore peace |
German wage deal agreed, averts public-sector strike |
Analysis: Saudi summer oil burn should decline this year |
U.S. drones attack militants in Pakistan, Yemen |
In Myanmar, voters prepare for clash of symbols |
Current TV fires star commentator Olbermann |
Bully director says never meant to make R film |
Boy band mania spreads as One Direction conquer U.S. |
Syria says revolt over, but army still shooting |
Afghanistan presses for answers on long-term U.S. military bases |
Clinton promises U.S. will back Gulf security |
Mali rebels launch assault on key northern town |
U.S. deports Liberian ex-rebel for alleged abuses |
Militant who targeted Australian nuke plant held in France |
Cruise ship heads for Malaysian port after engine fire |
Myanmar's Suu Kyi: from prisoner to would-be lawmaker |
Islamist militants kill at least 10 Yemeni soldiers |
China shuts websites, detains six for spreading online rumors |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01