http://www.exposethetpp.org/TPPImpacts_FinRegulation.html
now that the bill (TPP) has passed does that help stop this transaction tax nonsense? like what the robin hood loser crowd claims in the above link????
piezoe
Registered: Jan 2006
Posts: 5041
Under normal circumstances I too am indifferent toward HFT.
Some HFT claim to make money. If they do, where does the money they make come from? (Don't answer. It's a rhetorical question intended to make us both think.)
HFT make use of...
piezoe
Registered: Jan 2006
Posts: 5033
I will not accept arguments, in the present case, based on prediction of future politics, nor ad hominem arguments, of course.
I am an advocate of the tax implemented in the way Tobin intended it.
As a means of raising money, it...
A financial transaction tax makes so much good sense, I think in the end everyone except the HFT will get on board.
Without question, a tiny FTT is the easiest-to-implement fix for eliminating the dangers HFT poses for the markets. The tax can be made so small, and should be, that no one...
By GABRIELE STEINHAUSER And VANESSA MOCK
this is from Wall Street Journal
BRUSSELSâThe European Union gave the green light on Tuesday for 11 states that account for two-thirds of the bloc's economy to impose a small tax on trades in stocks, bonds and derivatives.
If implemented as...
EU approves financial transaction tax for 11 eurozone countries
UK abstained in vote but Germany and France among nations to impose FTT levy despite warnings by banks over losing trade
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Phillip Inman and agencies
The Guardian, Tuesday 22 January 2013 13.07 EST...
Euro zone splinter group seen near deal on transaction tax
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By John O'Donnell
BRUSSELS | Fri Jan 18, 2013 5:50pm GMT
(Reuters) - A group of euro zone countries, led by Germany and France, looks set for a green light...
Eleven EU countries planning to introduce a financial transaction tax (FTT) won a resounding go-ahead from MEPs on Wednesday. Together, they account for 90% of Eurozone GDP. MEPs have long advocated an FTT to make financial market players take more responsibility for resolving the crisis that...
uote from krs1929:
I trade very actively,and I still would want a transaction tax to screw all the HFT..They need to go away.
be careful what u wish for....i don't think you understand the ftt... you better research it some more before you say that...
Parliamentary panel favours ending of STT
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NEW DELHI, MAR 9:
In a move that could bring cheers to the stock markets, a Parliamentary panel on Friday recommended abolition of the Securities Transaction Tax (STT) on equity trade.
The Parliamentary...
zdreg
Registered: Oct 2003
Posts: 6986
02-28-12 11:19 PM
i don't know how many posters have attacked hft traders(high frequency traders). shapiro, head of the sec, has again made noises that these people are worthless to the functioning of markets. the easy way to stop them would...
Tobin styleâ transaction tax all but dead
(OK we know all this already but it's nice to read)
http://www.theglobeandmail.com/repo...article1517221/
amen!
maybe we could all just trade in a retirement account and pretend this never happened...i realize there would be a 10% withdrawal penelty, but that is still better than this tax which will put us out of business.