Taxes and regulations always have unintended consequences, but Europe's transaction tax is folly twice over.
The new tax on used homes replaces the previous transaction tax of no more than 2%.
What would make me happy is Wall Street pays for its sins with a transaction tax.
Proponents say a transaction tax would discourage short-term trading, with little effect on long-term investors.
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The US, which has long been opposed to a transaction tax, has also voiced its concerns.
The concern from the start has been that a transaction tax would drive financial business into friendlier jurisdictions.
It is expected to replace the 1% to 2% transaction tax now levied on the price of a house.
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You know, some countries want to go ahead with the financial transaction tax.
The proposal for a financial transaction tax was always separately veto-able by Britain.
Will a transaction tax put a crimp in high frequency trading shadow-like activities?
The European Union has been toying with the idea of introducing a financial transaction tax for quite some time now.
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Mr McDonnell's amendment on the financial transaction tax was defeated by 279 votes to 25, a government majority of 254.
According to local press reports, the Finance Ministry is considering a 6% financial transaction tax, or IOF, on offshore lending.
In an internal memo leaked last month, the 11 participating states suggest that the transaction tax could increase government borrowing costs.
At a low enough rate a financial transaction tax would not impact buy-and-hold investors at all, while barely ruffling active traders.
Labour backbencher John McDonnell urged ministers to review the possibility of incorporating a bank financial transaction tax within the bank levy.
Oxfam has also released a report advocating a financial transaction tax, which it refers to as a Robin Hood Tax.
Across 28 various security transaction tax (STT) changes in 11 countries, they saw no significant relationship between the tax and volatility.
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No surprise that Instinet does not like a financial transaction tax which it says would directly impact the investment returns of end-investors.
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After all, the U.K. already has a securities transaction tax in place.
Could a transaction tax have a similar unintended consequence for American banks?
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Those countries that have expressed interest in a transaction tax include Belgium, Germany, Estonia, Greece, Spain, France, Italy, Austria, Portugal, Slovenia and Slovakia.
The WHO in 2010 publicly considered asking for global consumer taxes on internet activity, online bill paying, or the always popular financial transaction tax.
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Opposition to a financial transaction tax says the extra cost would undermine liquidity, adversely affect market quality and distort the value of a security.
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The European Commission has tabled its controversial financial transaction tax (FTT), despite the fact that only 11 member states out of 27 support it.
BBC: Financial transaction tax tabled by European Commission
However it rejects any call for a single VAT rate across the EU, and references to a financial transaction tax were removed during committee stage.
Mr Swinney believed the changes in the Land and Buildings Transaction Tax (Scotland) Bill would help first time buyers by increasing the threshold before they pay tax.
Another has been a financial transaction tax (FTT), supported by France.
This suggests that a transaction tax would increase, not decrease volatility.
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Maybe a fairly stiff transaction tax would cripple the capital markets.
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