Want tax on financial transactions…
Joe Weisenthal
French President Nicolas Sarkozy has expressed plans to introduce a “Tobin tax” in Europe: This means taxes on financial transactions, which is something the banks will hate.
Obviously we need details, but this is not minor news if it’s carried forth.
Nobel Laureate economist James Tobin was the first to propose this idea, originally envisioning this as a tax on currency transactions.
Read more: http://www.businessinsider.com/sarkozy-announced-planned-tax-on-financial-transactions-2011-8#ixzz1VDbmBhDY