Maybe we shall move to trade in China. No capital gain tax there as far as I know. transaction tax is 0.1%, only charged when you buy. its said they are going to lower tax rate further.
Hey guys, say I have two trading accounts. one for stocks and another for futures. do you think I can elect MTM only for the account which deals with stocks? Thanks.
"No other government in the world has imposed transaction tax on future market. In overseas bourses, market makers are given special privileges in terms of taxations with a view to boosting liquidity. India is going in the reverse direction.â
Above is from the article. I wish STT will not...
My tws can short. but several days it also happened to me that tws said it could not locate shares. later, it said IB found some for me but with some surcharge. sounds wired.
It is mentioned here:
http://www.defazio.house.gov/index.php?option=content&task=view&id=438
excerpt:
If Democrats continue to back the basic questionable premise of the Bush/Paulson bailout, then we must pay for it. The $700 billion is to protect Wall Street investors, therefore the same...