Search results

In other news, a proposed 0.25 percent tax on over-the-counter derivatives transactions and stock trades is a hard sell to key lawmakers in the House and will likely die in the Senate, says Reuters. The proposal could raise $150 billion per year, which lawmakers say would go to reducing the...

Plus international rule as Nazi Pelosi stated is not just who signs on, but who collects, if the tax is cross border what country gets the money, does it goto IMF UN or what. Does it pay for home based domestic projects or UN Development goals for thrid world countries to many things to agree...

While any implementation of this tax is outrageous, the tax mentioned on futures is adaptable at .02% and at .005% people and I hate it but could adapt to make a living at that. But no matter what the .25% they have mentioned is absolutely absurd!! You cannot really adapt to that and trade

Well said, never easy but we adapt!

Yup where there is a will there is a way and its been done before but I want it to be easy. I remember day trading equities in the late 90s where as a customer we could borrow funds from another customer in our firm for overnight margin calls. We would get a margin call everyday and only cover...

We do live in a somehwat new world were this might never die but alwys be hanging around we just always need to fight it. But each time it gets shot down is a small victory and as time passes with out it , its a good thing. Once we put into place fee or insurance premium like geithner and frank...

You should be able to trade those markets with brokers in that country. People would transfer business there and jobs, not to trade those markets but to get around the tax, as many places arelady do. So you wouldnt just have to trade those markets. The leading group that Japan joined is a tough...

I like that idea!

Yeah Guru

The UK is not the only country that needs to do this, obviouslr France was behind this, although Merkel was at one point sinced Germany has been very quiet, but Switzerland was clearly against this as well as other countries, So it need not matter what the UK does there are plenty other...

And even thoug there is some consensus internationally there are still alot of safe countries that do not want this so we are safe on that respect.

That bastard has been in congress a long time and always wins by a big margin, we need to annex off Oregon from the US, give it to canada or somewhere else. I hope if there are any traders here from Oregon they move!

Agreed :)

Those dam proponets are trying to get it one way or another, they are lokoing so desparate. :)

I do not see her on any co sponsered legislation on any of the bills that are out there for this tax. Which is DEFAZIO'S first bill and the bill in july...

I agree. "Not see or heard something that is acceptable" That was his comment this time and a few weeks ago, there has been every possible tax rate and type of tax on different instruments under the sun, so he has seen a lot, and they still do not make sense, he even advocated today on a bank of...

Have not found anything yet with her position on the transaction tax on the internet, not to say she doesnt have one, but nothing yet I am still looking.

And its dam good he is making this feeling of the administration not supporting the tax while he is on capitol hill! Not that the g20 meeting last week wasnt good but even better domestically where it counts

He said it was not appropriate for the country- the transaction tax and the do not support it, when he was talking about something he hasnt seen that makes sense or acceptable, like he did a few weeks ago at the g20 we was talking about indeed other versions like a fee on banks assets or...

I caught the tail end it sounded like she said it was innappropriate but I could be wrong I need to see it again, she might have said appropriate. But either way Geitner said specfically the administration was against it and it was not appropriate for our country