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

Just saw this:

DJ: *DJ SEC Weighs Proposal To Tag High-Frequency Trades - Sources


Not sure if they meant to say tax instead of tag.. if they did, does anyone have any color on this?
 
Quote from cstfx:

Dean Baker STILL pushing for FTT in recent CNBC appearence.
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He just had to sneak that in.
Around the 4:09 mark

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Get Ready for the VAT:

http://www.reuters.com/article/idUSTRE6355N520100406

"Volcker, answering a question from the audience at a New York Historical Society event, said the value-added tax "was not as toxic an idea" as it has been in the past and also said a carbon or other energy-related tax may become necessary."

Way better than a FTT but when is this tax madness going to end. So sad that America wants to be just like Europe:(

-Guru
 
Quote from listedguru:

Get Ready for the VAT:

http://www.reuters.com/article/idUSTRE6355N520100406

"Volcker, answering a question from the audience at a New York Historical Society event, said the value-added tax "was not as toxic an idea" as it has been in the past and also said a carbon or other energy-related tax may become necessary."

Way better than a FTT but when is this tax madness going to end. So sad that America wants to be just like Europe:(

-Guru
More...

America does not want to be like Europe. Only those currently in power want to follow that model.
 
Quote from cstfx:

America does not want to be like Europe. Only those currently in power want to follow that model.
More...

Yeah I was referring to the goals of the current administration not that of the American people:)

-Guru
 
IMF advises G20 against fin. transaction tax - report

http://in.reuters.com/article/economicNews/idINIndia-47533720100408

BERLIN (Reuters) - The International Fund Monetary sees severe difficulties in implementing an international transaction tax and regards a bank levy as more practical, a German newspaper reported on Thursday.

The Handelsblatt business daily said the IMF had concluded in a study for the Group of 20 economic powers that a transaction, or Tobin-style tax would be tough to introduce.

The IMF would present the study to G20 finance ministers at a Washington meeting later this month, the paper said. It cited IMF and German government sources as saying the fund would advise G20 states against introducing a such a transaction tax.

Germany has already presented plans for a bank levy to fund bank bailouts and won backing from France for its proposals. Britain has also called for an internationally coordinated levy on banks.

IMF Managing Director Dominique Strauss-Kahn said last month a tax on financial transactions to help pay for bailouts of failed banks would be difficult to devise and easy to avoid.

Strauss-Kahn will present the G20 his proposals this month on how to make banks rather than taxpayers pay for bailouts.



The original Handelsblatt article (in German):

http://www.handelsblatt.com/politik...ne-chance-fuer-die-transaktionssteuer;2557905
 
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