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

[Explorer]

Ireland are now saying no to FTT unless it is global - not just EU27 as before.

"There is also a need to ensure that our response to the crisis is coordinated at the global level, to make sure that measures are internationally consistent,"

http://www.irishexaminer.com/busine...lan-unless-it-is-adopted-globally-169000.html

 

[andohmeeta]

Oz bankers: http://news.ninemsn.com.au/article.aspx?id=8353596

The economically illiterate Green and promoter of one world government mentioned in this article would tax fresh air if he could.

 

[Lamar95]

Is this tax for retail traders or just financial institutions? I read the document and it's not clear. When I trade, I use a broker, which is a financial institution. I live in EU, but my broker is not in the EU and I don't trade European markets. Will I be affected by this tax?

 

[Fox-Mulder]

Quote from Lamar95:

Is this tax for retail traders or just financial institutions? I read the document and it's not clear. When I trade, I use a broker, which is a financial institution. I live in EU, but my broker is not in the EU and I don't trade European markets. Will I be affected by this tax?

You are a EU Citizen so you will have to pay, because as a trader you are devils son who has to pay for the misery of the world.
Looks like the EU wil blackmail the rest of the world to get your money ....

 

[Lamar95]

Quote from Fox-Mulder:

You are a EU Citizen so you will have to pay, because as a trader you are devils son who has to pay for the misery of the world.
Looks like the EU wil blackmail the rest of the world to get your money ....

Well, in that case, I guess I'll have to make arrangements not to be an EU Citizen anymore. I have time until 2014! London, here I come!

 

[TraDaToR]

The criteria is residence, not citizenship. You just have to move.

 

[Fox-Mulder]

Quote from TraDaToR:

The criteria is residence, not citizenship. You just have to move.

Really? - than i got it wrong. My understanding was citizenship.

 

[kalinka]

If Sweden stays outside the FTT, Sweden will be a good alternative to relocate to. From 2012 we will have a "Investment Saving Account" where the assets will be taxed,at the moment
0.8%! and no capitalgainstax. For example if you trade futures
and put in $100.000 and let´s say make a profit of 50.000,
you can withdraw the profit without tax. The tax for the year will be 0.8% of 100.000 or 800dollars.

 

[Explorer]

European transaction tax bad for banks - Dutch

http://www.reuters.com/article/2011/09/29/dutch-tax-idUSA5E7KQ02920110929

"If such a tax must be introduced, than it must be done globally. If you only do it in Europe, that would be very bad, and even dangerous for the European banks,"

 

[itatrader]

Only financial institution that is estabilished in a member state have to pay this tax. It is not referred to individuals. So, if a private use a european broker he has to pay the tax. Non-EU brokers will be very happy!!!