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

[rsikit]

So tomorrow it seems Bernake and Geithner will be doing interviews with cnbc

 

[jksn922]

Quote from Midas:

You are right I just read this on the Cato Institutes site:

The No. 4 Democrat in the House, Representative John Larson, said his proposal to impose a 0.25 percent tax on over-the-counter derivatives transactions would apply internationally.



lol. This proposal would try to tax internationally on OTC Derivatives which are not regulated. It mentions nothing about imposing this internationally on regulated standard derivatives/stocks, etc......

 

[rsikit]

Quote from jksn922:

Quote from Midas:

You are right I just read this on the Cato Institutes site:

The No. 4 Democrat in the House, Representative John Larson, said his proposal to impose a 0.25 percent tax on over-the-counter derivatives transactions would apply internationally.



lol. This proposal would try to tax internationally on OTC Derivatives which are not regulated, not on regulated standard derivatives/stocks, etc......

There is another bill along with the regulatory reform that Barney Frank is working on to put otc derivitives on a central exchange

 

[jksn922]

Quote from rsikit:

Zdreg is right for those of you thinking about denouncing your citizenship, which is very hard. This is not a tax you pay at the end of the year but at the ecn level or exchange, there will be no escaping this one if enacted.

If I am a new, legal citizen of a country that doesn't have this tax and I trade, I won't be charged. The only way I could is if my new country imposes this tax, or if it get's enacted internationally.
As far as denouncing citizenship, it's really not hard at all. There is a lot of initial paperwork to complete, but once you do that, you just have to wait for everything to be processed, background investigation to be done. It's really not that difficult at all, although I suppose the degree of difficulty depends on which country your trying to become a citizen of.

 

[TraDaToR]

Quote from ksharmon:

Stopping deforestation with a Tobin tax

http://www.guardian.co.uk/commentisfree/cif-green/2009/dec/02/deforestation-tobin-tax

LOL... In France, there is a gay association preventing AIDS that want to be funded by a Tobin Tax.

Real good news on the european commission.

 

[rsikit]

Quote from jksn922:

If I am a new, legal citizen of a country that doesn't have this tax and I trade, I won't be charged. The only way I could is if my new country imposes this tax, or if it get's enacted internationally.
As far as denouncing citizenship, it's really not hard at all. There is a lot of initial paperwork to complete, but once you do that, you just have to wait for everything to be processed, background investigation to be done. It's really not that difficult at all, although I suppose the degree of difficulty depends on which country your trying to become a citizen of.

Someone did post which is true the IRS can come after you fro 10 years after the fact to collect taxes, its a moot point, most almost all people are not going to denoucne citizenship, establish residence in another country and become a citizen, it takes years

 

[jksn922]

Liz Clayman will be interviewing Tim Geithner Thursday @ 5pm on the Fox Business News Channel.

 

[rsikit]

Quote from jksn922:

Liz Clayman will be interviewing Tim Geithner Thursday @ 5pm on the Fox Business News Channel.

Should be interesting, cnbc and fox both interviewing him tomorrow. Hopefully they can find out where Obama's stance on the tax is , not just Geithners

 

[jksn922]

Quote from rsikit:

Should be interesting, cnbc and fox both interviewing him tomorrow. Hopefully they can find out where Obama's stance on the tax is , not just Geithners

Did they what time Geithner was going to be on CNBC?

 

[Midas]

Quote from jksn922:

Quote from Midas:

You are right I just read this on the Cato Institutes site:

The No. 4 Democrat in the House, Representative John Larson, said his proposal to impose a 0.25 percent tax on over-the-counter derivatives transactions would apply internationally.



lol. This proposal would try to tax internationally on OTC Derivatives which are not regulated. It mentions nothing about imposing this internationally on regulated standard derivatives/stocks, etc......

It does further down the article.