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

Bac0n · Jan 6, 2013

Quote from zdreg:

this how bad legislation gets passed. divide and conquer. your question is a stupid one. why don't you read this thread to understand the status of a FTT.

I try going back pages reading, but is too hard the info keep
changing all the time.

By your mood i assume that FX is going to get hurt by FTT right?

southall · Jan 6, 2013

Quote from Bac0n:

I try going back pages reading, but is too hard the info keep
changing all the time.

By your mood i assume that FX is going to get hurt by FTT right?

The europeans cant implement a FX FTT any time soon due to legal reasons (But im sure they are stupid enough to want to do it if they could)

No other market center would be stupid enough to do it as the business will just move to somewhere which doesn't implement the tax. So there would have to be global agreement for an FTT on FX to ever happen, so very unlikely.

Stocks seem to be the main target at the moment.

Bac0n · Jan 6, 2013

Quote from southall:

The europeans cant implement a FX FTT any time soon due to legal reasons (But im sure they are stupid enough to want to do it if they could)

No other market center would be stupid enough to do it as the business will just move to somewhere which doesn't implement the tax. So there would have to be global agreement for an FTT on FX to ever happen, so very unlikely.

Stocks seem to be the main target at the moment.

Thanks for the update..

zdreg · Jan 7, 2013

. But caps on deductions, higher taxes on investment income and a financial transaction tax are worth fighting for, as are broader tax reforms, like a carbon tax and a value-added tax, that could take effect as the economy recovers. <http://www.nytimes.com/2013/01/07/opinion/the-next-round-of-tax-increases.html?hp&_r=0>

you can always depend on the times.

the times is a testing stage for the obama administration to gauge public opinion.

TraDaToR · Jan 8, 2013

http://www.livemint.com/Money/9pAH8...ndian-markets-is-almost-going-undetected.html

"In addition, they donât have to worry about securities transaction tax"

listedguru · Jan 8, 2013

Any updates on the QMV vote? Any idea when it's going to take place? It's been pretty quiet lately

-Guru

pbb · Jan 8, 2013

This will probably make the Dutch government say yes to the FTT.

http://blogs.wsj.com/brussels/2013/01/08/from-obscurity-to-eurogroup-chief/

Appointing Dijsselbloem as president of the eurogroup is a smart thing to if you want a country to shut up and just follow, so you can force whatever you like.

FightTheFuture · Jan 8, 2013

Reality does not exist in their world:

"We would urge the mutual funds Stevens represents not to pass along this small sales tax..."

http://thehill.com/blogs/congress-b...all-sales-tax-on-wall-stree-reaps-big-rewards

zdreg · Jan 8, 2013

Quote from FightTheFuture:

Reality does not exist in their world:

"We would urge the mutual funds Stevens represents not to pass along this small sales tax..."

http://thehill.com/blogs/congress-b...all-sales-tax-on-wall-stree-reaps-big-rewards

reality is not the issue. power is the issue.

be prepared to show the numbers behind the destructive nature of the ftt. if that author can write so can you.

seasideheights · Jan 8, 2013

Quote from FightTheFuture:

Reality does not exist in their world:

"We would urge the mutual funds Stevens represents not to pass along this small sales tax..."

http://thehill.com/blogs/congress-b...all-sales-tax-on-wall-stree-reaps-big-rewards

That article is written by one of the Robbbin Hooood (intentionally misspelled to avoid google from finding it) Tax groups.

We need to hit the comment section at the bottom of that article.