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MEP calls for more tax on financial sector: theparliament.com http://www.theparliament.com/latest-news/article/newsarticle/mep-calls-for-more-tax-on-financial-sector Irish MP argues for FTT, for banks to pay their fair share. She says the EC 9 FTT proposal is coming soon and it will add an...

I agree, and have said this consistently the last few years. We need to fight any beach head for FTT and try not to let is snow ball with further support. The biggest push for FTT is to punish bankers and that attack is misguided since it falls mostly on Main Street. Next, we need to show its...

Please click to read my blog on Forbes, and let's discuss these issues. Taxes are becoming the defining issue of the next Congress. Barack Obama Wants Your Money As You Tumble From The Fiscal Cliff...

Spain to Delay Implementation of Tobin Tax Until Next Year -Report - WSJ.com http://online.wsj.com/article/BT-CO-20120906-717085.html Hope this is true and that Spain got cold feet on FTT. Spanish leaders probably saw the blow back in France on FTT and their tax hikes on the rich. Why not...

Good posts. See FINRA Regulatory Notice 10-18 http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p121247.pdf . FINRA tells clearing firms to be on the look out for sub-LLC prop trading firms, even non-customer broker/dealer prop firms that may have disguised customer...

"unlikely to support" leaves a door open. The spokesman didn't say Obama "doesn't support" or "won't support" FTT. Maybe, this position shows some respect to Obama's union supporters who are still screaming for FTT. The DNC gave the unions the cheap seats at the convention. When France was...

I've witnessed older-generation family members on Medicare enjoy carte-blanche health care spending - sometimes augmented by supplemental care - for their extended lives. Medicare probably spent over $100,00 per year on a few of them, while they lived those last few years with illness. Is...

Good point about Medicare benefits. I wonder if Medicare benefits will be means tested for high income people in retirement. With the entity strategy, traders can pay into social security and Medicare both, getting more income tax savings than they pay in SE tax costs.

High-income traders are hit with ObamaCare’s 3.8% Medicare tax on investment income September 5, 2012 Other advisers who suggest traders might be able to avoid the new Medicare tax on unearned income with an S-Corp are wrong. This primer for traders and investment managers offers...

Financial Friday on KLAV 1230 AM Las Vegas, NV Streaming radio, live on the Internet. Click here to listen to the live show http://www.klav1230am.com/Shows/FinancialFridays.html Friday, Aug 31 at 3:39 to 3:54 PST Host Leonard C. Wright, CPA/PFS will interview Robert Green, CPA about...

Thanks for the above. Semeta seems weaker than he has been over FTT in the past. It sounds like the individual countries now must carry the ball to forge the EU 9 enhanced cooperation for FTT. Who is stepping forward first - over the abyss - in the middle of a financial crisis in Europe? France...

Section 1256 contract gains and losses (futures) are "capital gains and losses" with lower 60/40 tax rates - 60% is long-term capital gain even on day trade. Loss carryback election: Many traders don't realize you can elect to carry back a Section 1256 loss 3 tax years, but only against...

Get an independent contractor agreement and make sure you are not acting as an outside investment adviser. If futures, no CTA registration for under 5 separately-managed accounts. As an independent contractor, you get paid non-employee compensation reported on a 1099-Misc. If you remain a...

CNBC.com Article: Tax-Soaked French Bankers Feeling London's Lure The City of London financial district, though diminished by scandals and job cuts, is proving irresistible to fed-up Parisian bankers fleeing France's rising taxes and the feeling that they're not best loved at home. Full...

Thanks. We make a case to treat spot like forwards in 1256g, after an opt out election, in our content. See Forex Tax. http://www.greencompany.com/quick-links/forex.shtml

See my new blog on this subject, it will clear up some ongoing confusion. Keeping Straight With Forex Reporting Requirements - Forbes http://www.forbes.com/sites/greatspeculations/2012/08/16/keeping-straight-with-forex-reporting-requirements/

We are looking to show how FTT contributes to: volatility increasing, not decreasing with FTT 'sands in the wheel'; Spreads increasing between bid and ask, with worse prices for those who use the markets; More flash crashes with traders not providing liquidity; Disappointing FTT revenues...

A leading CFTC enforcement attorney on the new CFTC forex trading rules - including 50:1 leverage for retail off-exchange forex trades - told me Americans can't use "dummy corporations" to evade the new forex trading rules. Forming a 100% offshore entity to trade forex over 50:1 leverage with a...

What happens in France after introduction of their FTT version is important. It will affect others considering a form of FTT. Didn't Cramer say early today on CNBC that France has been the best market gainer recently? Of course, it's other market dynamics in place, too, but FTT proponents...

Futures Broker Freezes Accounts - WSJ.com http://online.wsj.com/article/SB10001424052702304022004577517330064601496.html