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

Quote from TraDaToR:

https://mninews.marketnews.com/inde...s-proposed-fin-transaction-tax-very-troubling

I guess they meant a "fee structure on Financial institutions as a better alternative", not on financial transactions.
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Yes sounds like a typo. I believe they were referring to the financial responsibility fee thats been in Obama's budgets as the piece mentions that fee further on down. Bottom line Lew and the administration are still firmly opposed to the ftt.

-Guru
 
Quote from Explorer:

(Reuters) - Bankers are confident they can persuade the European Union that its proposed financial trading tax poses enough risks to struggling economies and banks to warrant being watered down.[...]

http://uk.reuters.com/article/2013/04/14/uk-europe-banks-tax-idUKBRE93D02C20130414
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I'm guessing "watered down" means exemptions for the big boys? Independent traders who don't hold the relevant licenses will still get screwed.
Or am I being too cynical?
 
Quote from benwm:

I'm guessing "watered down" means exemptions for the big boys? Independent traders who don't hold the relevant licenses will still get screwed.
Or am I being too cynical?
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no, you're being realistic.
 
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