Forgot the attacjment.... :-(( Here it is : __________________________________________ On 29 Jun 2011, at 16:10, Franco Carminati wrote:

Hi all,

There is a law on the subject of the Tobin Tax in Belgium since 2004 : http://www.ejustice.just.fgov.be/doc/rech_f.htm Same (text of law) document attached. But would enter into force only when all other members of Eurozone would adopt same rules.

Plus 2 comments in texte below (in red).

Franco

_____________________________________

On 29 Jun 2011, at 15:44, Dante-Gabryell Monson wrote:

...

Unfortunately, the situation of the current Belgian "caretaker" Government may not make it possible to bring forward and apply such Tobin Tax measures. Still it makes decision to go to war, and prepares budgets beyond daily business.

And even if it did ( although I would need some more expert opinion on this ) my current understanding is that

the European Commission drafts directives can block or over-rule national or regional decisions.

To my current understanding, directives of the European Commission

http://en.wikipedia.org/wiki/European_Union_law

only need to be approved by the European Council and the European Parliament - not by national governments.

To my current understanding, it is not the european parliament which drafts law proposals at a european level.

For the European Commission to "consider" to draft or change a directive, there is the "option" to make a petition converging one million signatures. ( under specific conditions - percentages from each country, etc ) not yet in force because practical procedure still to be adopted (Commission seemingly has other priorities)

And even after such petition asking for writing or modifying a directive, there is no obligation for the commission to follow suit on such request by one million people.

///

European Union - Democratic ?

2011/6/29 Michel Bauwens <[email protected]> strong social support for tobin tax in belgium:

---------- Forwarded message ---------- From: Dante-Gabryell Monson <[email protected]> Date: 2011/6/29 Subject: article trends : 2 Belges sur 3 veulent taxer les transactions financières To: [email protected], [email protected]

2 Belges sur 3 veulent taxer les transactions financières http://trends.rnews.be/fr/economie/actualite/banque-et-finance/2-belges-sur-...

lundi 27 juin 2011 à 16h58 67 % des Belges sont favorables à l'introduction d'une taxe sur les transactions financières, selon un sondage Eurobaromètre publié par le Parlement européen. C’est plus que la moyenne de l’UE

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