{"id":17568,"date":"2012-10-02T10:06:34","date_gmt":"2012-10-02T09:06:34","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=17568"},"modified":"2012-10-02T10:06:34","modified_gmt":"2012-10-02T09:06:34","slug":"germany-and-france-back-a-financial-transactions-tax","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/10\/02\/germany-and-france-back-a-financial-transactions-tax\/","title":{"rendered":"Germany and France back a financial transactions tax"},"content":{"rendered":"<p>I missed this in the <a href=\"http:\/\/www.nytimes.com\/2012\/09\/29\/business\/global\/germany-and-france-join-to-support-tax-on-financial-trades.html\" target=\"_blank\">New York Times last Friday<\/a>:<\/p>\n<blockquote><p>The finance ministers of France and Germany united Friday to raise pressure on EU partners like Italy to back a tax on financial trades that could be used to help the economically disadvantaged.<\/p>\n<p>A letter to the Union\u2019s 25 other finance ministers showed Berlin and Paris working together again despite sharp differences over the number of lenders a single banking supervisor for Europe should regulate, and how soon it should go into operation.<\/p>\n<p>\u201cWe strongly believe in the need for a fair contribution from the financial sector to cover the costs of the financial crisis,\u201d Pierre Moscovici of France and Wolfgang Sch\u00c3\u00a4uble of Germany wrote in the letter.<\/p><\/blockquote>\n<p>Excellent news.<\/p>\n<p>But let's also be clear: the optimal revenue for such a tax would be close to zero. Then harmful\u00a0financial\u00a0transactions would not be causing damage to the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I missed this in the New York Times last Friday: The finance ministers of France and Germany united Friday to raise pressure on EU partners<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/10\/02\/germany-and-france-back-a-financial-transactions-tax\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[],"class_list":["post-17568","post","type-post","status-publish","format-standard","hentry","category-transaction-taxes"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=17568"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17568\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=17568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=17568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=17568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}