The European Court of Justice (ECJ) has approved the introduction of a stock exchange tax in several EU countries. Great Britain sued because the EU Council decision of January 2013 disregarded its rights and obligations as a non-participating state and […]https://livelyrun.com/from-the-farmer/w6x2a0rny
Buy Xanax Gg249 The European Court of Justice (ECJ) has approved the introduction of a stock exchange tax in several EU countries. Great Britain sued because the EU Council decision of January 2013 disregarded its rights and obligations as a non-participating state and fears for the attractiveness of its financial center London. However, the Luxembourg ECJ judges ruled that the common financial transaction tax is legal. In contrast to other cases, there were no advocate-general opinions in these proceedings, which the Court of Justice often follows (Ref .: C-209/13).https://www.familienplanung-natuerlich.de/d8u35pdrk
https://montreuxbarandgrill.net/u4r697g The decision of the EU Council was limited to establishing closer cooperation without itself containing components of a financial transaction tax, the court said in support of the statement. Trading activities on the stock exchange are referred to as transactions.https://cleananddry.net.au/2021/12/17/bo0ttmz
https://www.foxpueblopottery.com/5sv467pfqhr Germany and France want to implement the financial transaction tax, which is initially planned in eleven euro countries, before the European elections on May 25, if possible. Originally it was considered to tax stock transactions at 0.1 percent and derivatives transactions at 0.01 percent. Many financial institutions have prepared for a scaled-down version to come.https://www.sassatelli.com/7tfzmgx4i
Indirect impact on consumers
Buy Carisoprodol According to earlier estimates, the eleven participating countries could earn 30 to 35 billion euros with the tax – Germany alone twelve billion. It is seen as a means of containing speculation and allowing the financial sector to share in the costs of the crisis. Since the tax would have to be paid not only by private but also by institutional investors, it would also have limited effects on capital-forming life and pension insurances.https://www.neptuneautomatic.com/uncategorized/idsu3vv
What is a financial transaction tax anyway?
Buy Xanax 10 Mg Put simply, the tax works like a VAT on trading in banking and stock exchange products. These include stocks, bonds or speculative papers (such as futures transactions, so-called derivatives). The idea originally goes back to the US economist James Tobin, who brought up a tax on stock market transactions as early as 1972.https://www.thecloveratngocthuy.com/z6h6flh
In addition to Germany and France, Austria, Belgium, Estonia, Greece, Italy, Spain, Portugal, Slovakia and Slovenia also want to introduce the stock exchange tax. It is still unclear who should get the money. The EU Commission would like to channel the revenue into the EU budget. Germany and other states are claiming the money for their national treasury. The states have the final say. The “purpose of the income” is still being examined, according to the Franco-German statement from February.https://memphiscfc.com/news/0n9fklr0m
Proponents are satisfied
https://livelyrun.com/from-the-farmer/dv8qetmrmfl The EU Commission, which made the proposal for the tax, welcomed the ruling. “We hope that today’s decision will give the eleven states new impetus in their negotiations,” said a commission spokeswoman. The decision now has legal certainty.
The chairman of the SPD MEP Udo Bullmann said the way for the tax against gambling was clear: “This lawsuit in the sense of the billion dollar financial lobby was the last act of desperation by Minister Osborne in the fight against the regulation of the financial markets.”Buy Alprazolam .25
Buy Soma Fast Shipping The globalization-critical network Attac Germany also welcomed the decision: “Great Britain has not been able to put forward a valid cause of action.” Attac demanded that the tax should be wrapped up this year.https://steverhillvineyards.com/2021/12/17/tyg3co5u