Any FTT does it just like VAt, it taxes the common people and they are the ones that end up payin git, private corporations cannot be expected to pay for this, they are non flesh, corporate persons, not humans and cannoy be compared to a corporate tax. The Financial sector in the UK already are the largest source of tax and already pay taxes including a tranaction tax - stamp duty tax.

A FTT will be disastrous, even if it were global. It will slow down economies and reduce liquidty, it will increase debt because of the way debt is created, sold and will ensure further and deeper recessions that ocur more frequently and make even the good times very moderate in comparison. In short, it will make eeryone more poor and have to slave more hours to make ends meet. It will disproprtionately affect the UK than the EU even though they are not going to be the ones adopting this - we still trade and have debt with other countries, companies, investments, etc. It is insanity to entertain the idea of this even. And the very sources of the FTT is centuries old and flawed even in those days.

Accept this FTT and you will be also saying goodbye to your sovereignty and natural born rights, the little you have left. We need fewer taxes and lower taxes in order to re-ignite the economies of the world. It was poor regulation (yes flawed) that caused this not lack of regulation. It is time politicians were tested mentally before being allowed to have any public role to see if they are mentally ill in any way or deleuded, but of course their actions show us they are.

Like many other people have already stated, this is a tax on end user, consumers and as near if not the same thing as a direct tax, whether it be only EU or global, it has to be global because if German shares or EUR € is traded even outside of the EU then this FTT will still apply, according to the EU that is. Every part of any FTT is insansity and stunts growth, prevent liquidity which is required for any healthy economy. There is actually only contrary evidence to what the politicians state that harms the economy and it is not short lived trades. Remember when the USA suspended short selling in America while the crisis was ongoing? The market went down thousands of points because of that. It is stupid to attempt to even allow politicians to control the market when they have no idea how economics or financial trading works. It will only please the people that have been led to believe the banks are the blame for all of this and allow the politicians to get their support for their war on them. Only a small number of banks were bailed out and we are not fundd them now. All of this is disproprtionate and will not make them pay for anything or prevet them from doing what it is they claim it will. It will only make the end consumers pay more and have far less prosperous life than they have now. Hopefully it will bring the EU to an abrupt end so we can return to a free and fair market.