1/4% Tax on all stock trades pushed in NY Times today

Quote from Explorer:

Lael Brainard, Undersecretary for International Affairs, U.S. Department of Treasury:

"We are dismayed by the extraterritorial aspects of the financial transactions tax that has been passed in France and has -- also in Italy. We're working on that. We think it's extraordinarily important that that be removed. "

http://www.cfr.org/economics/conver...ign=Feed:+cfr_main+(CFR.org+-+Main+Site+Feed)
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Lael Brainard is a former MIT Economics Professor who really understands the negative impact of the FTT. She's spoken out against it on several occasions and is very familiar with the technical research in the field. I'd like to see her front-and-center fighting the extraterritorial reach of the proposed EU-11 FTT.
 
Quote from TraDaToR:

http://www.telegraph.co.uk/finance/...re-may-be-no-halting-this-tax-juggernaut.html
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lol

"This is one of the things that separates Britain from the rest in a way that may never be bridgeable. Culturally and temperamentally, we are different. Yet whether we like it or not, we are damned by geography to be a part of Europe’s perennial outbreaks of madness."

As of CFD trade increasing, it was expected. A shame that an alledged tax on bankers end up as a tax on private investors and greater profits for financial institutions - through higher costs of CFDs over regular shares
 
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