1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
In Wall St. Tax, a Simple Idea but Uninteded Consequences:
http://dealbook.nytimes.com/2013/02...unintended-consequences/?partner=yahoofinance
Some really good examples of those unintended consequences cited in this piece.
-Guru
http://dealbook.nytimes.com/2013/02...unintended-consequences/?partner=yahoofinance
Some really good examples of those unintended consequences cited in this piece.
-Guru
http://www.ipsnews.net/2013/02/europeans-urge-u-s-action-on-financial-transaction-tax/
"It's an incredibly brave journey". 50 years ago, politicians were ashamed when they invented new taxes, now they are proud and "brave"... It's "innovation" you know.
"It's an incredibly brave journey". 50 years ago, politicians were ashamed when they invented new taxes, now they are proud and "brave"... It's "innovation" you know.
Wow what a POS article that is (LOL). The piece also said that Jack Lew has yet to make a statement on the FTT. I believe he just did earlier this week (a resounding no). How many times do these idiots need to hear the term no?
Let's just hope that this entire Eurozone FTT experiment blows up badly in their faces (which it will) and no one wants to touch it with a 10 foot pole. I'm sure it's going to keep getting delayed especially once the legal challenges begin. Like was previously mentioned on this thread we really need the US, China, Canada and others to flatout tell the Europeans that we don't support this tax and we won't let you tax our citizens' trades.
-Guru
I checked just to be sure but I already knew it. This guy never "made" money in his life, just spent public money thrown at him:
http://en.wikipedia.org/wiki/Algirdas_Šemeta
Seriously we need to stop electing politicians who never had any business experience.
http://en.wikipedia.org/wiki/Algirdas_Šemeta
Seriously we need to stop electing politicians who never had any business experience.
http://www.bloomberg.com/news/2013-02-27/germany-steps-up-hft-scrutiny-with-draft-bill.html
the ftt is one way politicians say they can get rid of hft traders.
the ftt is one way politicians say they can get rid of hft traders.
For all of you US futures traders... Carl Levin recently introduced a bill in the senate that will eliminate the 60/40 cap gains treatment on section 1256 contracts..
Language from the bill:
"any gain or loss with respect to a section 1256 contract shall be treated as short-term capital gain or loss,"
http://www.govtrack.us/congress/bills/113/s268
Language from the bill:
"any gain or loss with respect to a section 1256 contract shall be treated as short-term capital gain or loss,"
http://www.govtrack.us/congress/bills/113/s268
Was this guy (Algirdas Å emeta) even elected? Not by me or anyone I know. That's one of the problems with the EU, but as well as being undemocratic all of the career bureaucrats from the former Soviet Union now get to call the shots! Bet they can't believe they might get to tax transactions in London and New York and we just let them!
It's time for the UK to leave the EU and follow the Swiss model - free trade within Europe -YES- but taxed and governed by Europe - NO. When's that vote David Cameron?
"High-frequency trading will be regulated for the first time in Germany after a parliamentary committee approved a bill requiring firms that use the computer- driven strategies to register with banking authorities....The proposed law wants to change that in such a way that, even if itâs only your own capital, as soon as you use computer algorithms you have to be regulated."
Define "computer driven strategies", that could be any form of automated trading.