That said, the notional value of derivatives is enormous, which allows an FTT
on derivatives to be very, very small: The Sanders plan, for example, taxes derivatives at a minuscule 0.
The motivation for the FTT
is based on two claims about the tax.
They say the FTT
"exceeds member states' jurisdiction for taxation under the norms of international customary law", an argument made by the UK government.
The letter said the FTT
would hit their client's investment performance hard.
There are certain limited changes in today`s FTT
proposal compared to the original one, to take into account the fact that the tax will be implemented on a smaller geographical scale than originally foreseen.
This is aimed at stopping trades moving out of the so-called FTT
zone to London or elsewhere and reinforces an earlier "residence principle" that says if a party to the transaction is based in the FTT
area, or acting on behalf of a party based there, then the transaction will be taxed regardless of where it takes place.
MEPs have long advocated an FTT
to make financial market players take more responsibility for resolving the crisis that they caused and to discourage excessive risk-taking in future.
reactions may even have created amino acids on dust grains in the solar nebula, the cloud of gas and dust that collapsed under its gravity to form the solar system.
Many recent proposals for an FTT
go beyond currency trading to encompass a far wider set of financial transactions.
A UK Treasury spokesman said it will engage with its international partners on FTT
proposals and has no objection to them in principle.
would raise "hundreds of billions" to help tackle poverty and climate change, said a statement by IndyACT, a local NGO that organized Wednesday's demonstration.
It seems clear that a FTT
[Foreign Transactions Tax] is implementable, both at a European and national level.
Absopulse Electronics' FTT
3K Series modular AC/AC frequency converter system uses microprocessor controlled, high frequency PWM technology to deliver 3-Phase, 3000VA continuous sine-wave output power, from a 3-phase input.
There is a long history in both the United States and the rest of the world with FTT
Among them is a man identified as Salahudeen from FTT