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

Even with Germany pushing, France and Italy really doesn't want anything more than a stamp duty... Prepare some popcorn for a decade of talks...And in the end, even if EU11 agrees on a residence based FTT instead of a stamp duty( highly unlikely ), other countries and exchanges will do everything legally to dodge it... They are total lunatics, they don't even listen to their own lawyers...The debate has been going on for 5 years already in Europe. This is a shame.
 
Taxing intra-day trading "will contribute to curtailing destabilising transactions, which accentuate the volatility of the market," said Socialist lawmaker Christian Eckert. [/B]
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I cant recall, does intra-day in the french context mean market makers or do they have a separate exemption?
 
Quote from sheda:

I cant recall, does intra-day in the french context mean market makers or do they have a separate exemption?
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The draft I saw last year exempted market makers. I'm not sure what was finally implemented.
 
"The Nobel prize committee said so

The lovely thing about this year's Nobel Prize in Economics is that it entirely borks the case for a Robin Hood Tax - a levy on the financial sector's transactions, in other words....

...Which brings us to the FTT and Robin Hood peeps. They're arguing that in order to control prices and price volatility we should tax speculation and thus reduce the amount of it. The people who have just won the Nobel say that in order to control prices and price volatility we should have more speculation."

http://www.theregister.co.uk/2013/10/15/nobel_prize_for_economicts/?page=1
 
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