1/4% Tax on all stock trades pushed in NY Times today
- Thread starter seasideheights
- Start date
In other words: we will get it....
thats not funny ....
France to press G20 to curb currency swings -Sarkozy
http://ph.news.yahoo.com/rtrs/20100825/tbs-g20-sarkozy-7318940.html
http://ph.news.yahoo.com/rtrs/20100825/tbs-g20-sarkozy-7318940.html
I really wish these clowns would just throw in the towel. How many times do they need to have this proposal turned down?
-Guru
How Speculators Could Help Heal Pakistan
A new tax on obscure currency trades could pay for aid in the worldâs hotspots.
http://www.newsweek.com/2010/08/27/how-currency-speculators-could-help-heal-pakistan.html
A new tax on obscure currency trades could pay for aid in the worldâs hotspots.
http://www.newsweek.com/2010/08/27/how-currency-speculators-could-help-heal-pakistan.html
Pete Stark calls for a tax on currency transactions:
http://www.govtrack.us/congress/bill.xpd?bill=h111-5783
HR 5783: Investing in Our Future Act of 2010
What is a Currency Transaction Levy?
H.R. 5783 would create a 0.005 percent tax on all foreign currency exchange transactions â including derivatives â by large-scale traders in the U.S. (and U.S. subsidiaries of foreign companies) that trade more than $10,000 in currencies per year.
So I guess now their going after those evil currency transactions instead of stocks. I guess their throwing everything at the wall and hoping something sticks.
-Guru
http://www.govtrack.us/congress/bill.xpd?bill=h111-5783
HR 5783: Investing in Our Future Act of 2010
What is a Currency Transaction Levy?
H.R. 5783 would create a 0.005 percent tax on all foreign currency exchange transactions â including derivatives â by large-scale traders in the U.S. (and U.S. subsidiaries of foreign companies) that trade more than $10,000 in currencies per year.
So I guess now their going after those evil currency transactions instead of stocks. I guess their throwing everything at the wall and hoping something sticks.
-Guru
EU warns of impact of German financial transaction tax
http://www.thelocal.de/national/20100831-29501.html
http://www.thelocal.de/national/20100831-29501.html
Finally some good news on the FTT front for once. Someone who actually get's it
-Guru
It's interesting that the FTT's proponents are mostly politicians, unions, charities or others playing to popular prejudices and sentiment.
However whenever cool-headed technocrats (the IMF, the European Commission, the central banks - US, EU, and UK) have explored the consequences of the FTT, all have poured cold water on the idea.
Fortunately for us, it is the hard logic of cool-headed technocrats that is likely to prevail as no government truly wants to shoot themselves in the foot when push comes to shove and decisions have to be made.
However whenever cool-headed technocrats (the IMF, the European Commission, the central banks - US, EU, and UK) have explored the consequences of the FTT, all have poured cold water on the idea.
Fortunately for us, it is the hard logic of cool-headed technocrats that is likely to prevail as no government truly wants to shoot themselves in the foot when push comes to shove and decisions have to be made.
This just blows my mind. The author wants a tax just so that they can take that money and give it to a country which has been the source of the most recent terrorist attack and where a majority of the people are anti us.