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

vicirek · Mar 18, 2014

seasideheights said:
If he hears from viewers blasting him for saying it, he will most likely not say it again.

The purpose of this thread is to rapidly respond to entities that suggest a tax to ensure our voice gets heard as well.

Consider sending a message to Bob Pisani via twitter @ https://www.twitter.com/bobpisani

Twitter Facebook - I do not use those. On any other venue I am often making my comments there .

Explorer · Mar 19, 2014

"... in principle, including spot currency transactions in a tax "would not necessarily be incompatible with the free movement of capital".

http://reuters.com/article/idUSBREA2H20B20140318?irpc=932

TraDaToR · Mar 19, 2014

http://www.bloomberg.com/news/2014-...tax-derivatives-from-start-lawmakers-say.html

justrading · Mar 19, 2014

Explorer said:
"... in principle, including spot currency transactions in a tax "would not necessarily be incompatible with the free movement of capital".

http://reuters.com/article/idUSBREA2H20B20140318?irpc=932

Well if they tax spot forex, someone else is going to eat their lunch.

FT has the better article, but I included another link in case some can't access.

http://www.ft.com/intl/cms/s/0/9a8fbf6a-ab89-11e3-aad9-00144feab7de.html#axzz2wPdjAfa9

http://www.dailymail.co.uk/news/art...worlds-financial-center-time-seven-years.html

Bac0n · Mar 19, 2014

Who's gonna trade FX with this tax that put you in red in the moment you open
a position, this EU loons and greedy pigs gonna learn the hard way..

Bac0n · Mar 19, 2014

Who's gonna trade FX with this tax that put you in a loss in the moment you open
a position, this EU loons and greedy pigs gonna learn the hard way..

clacy · Mar 19, 2014

Bac0n said:
Who's gonna trade FX with this tax that put you in red in the moment you open
a position, this EU loons and greedy pigs gonna learn the hard way..

At the end of the day, all of the institutions will be exempt. It will be the small, retail traders only that are affected.

Bac0n · Mar 19, 2014

clacy said:
At the end of the day, all of the institutions will be exempt. It will be the small, retail traders only that are affected.

Yeah this is going to wipe small retail traders in EU.

uhh double post how that happen..

sheda · Mar 19, 2014

Legal opinions from the bloc's lawyers in Brussels have heft and a previous one last September which questioned the legality of one aspect of the planned tax triggered a long delay and a fundamental rethink.

They have heft when in agreement with the plans, but as we witnessed last September when the legality was question, it was "non binding" "irrelevant" and "wrong".

This cancer will just not go away.

sheda · Mar 20, 2014

http://www.youtube.com/watch?v=03dWvO961ro