The Need for a Tax on Financial Trading and other news and views
The Need for a Tax on Financial Trading - A financial transaction tax — a per-trade charge on the buying and selling of stocks, bonds and derivatives — is an idea whose time has finally come. ... A well-designed financial transaction tax — one that applies a tiny tax rate to an array of transactions and is split between buyers and sellers — would be a progressive way to raise substantial revenue without damaging the markets. Hollande-Rouhani lunch scrapped after Elysée Palace 'refused to remove wine from menu' - France, unlike Italy, has reportedly refused to take wine off the table for Iranian president Hassan Rouhani, meaning he will lunch alone during his historic trip to Paris – the first for an Iranian leader in 17 years. As anger mounted in Rome on Wednesday over a decision to cover up nude statues with large white panels so as not to offend Mr Rouhani, the French have already made it clear that no such cultural concessions would be made regarding its cherished gas