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

[hafez50]

This thread started 5 yrs ago yet were no closer to a transaction tax here than we were 5-10 yrs ago and it had nothing to do with the few voices opposed to it on boards like this but in general there was never any interest in the usa to institute one so it never went anywere.There were the few loudmouths like DeFazio and co who have tried for 10-15 yrs and thought when the financial crisis hit there would an opening to exploit one. The tax was flawed from the start by imposing a tax wether you make money or you don't plus we already have many small taxes on trading plus a capital gains tax

 

[bwolinsky]

Quote from hafez50:

This thread started 5 yrs ago yet were no closer to a transaction tax here than we were 5-10 yrs ago and it had nothing to do with the few voices opposed to it on boards like this but in general there was never any interest in the usa to institute one so it never went anywere.There were the few loudmouths like DeFazio and co who have tried for 10-15 yrs and thought when the financial crisis hit there would an opening to exploit one. The tax was flawed from the start by imposing a tax wether you make money or you don't plus we already have many small taxes on trading plus a capital gains tax

DeFazio had 15 sponsors, and simple economic theory denies any net benefit to government or otherwise.

 

[FightTheFuture]

"The Italian Financial Transaction Tax has raised just €159m (£132m) since its introduction, well short of the €1bn targeted by the Italian government."

http://www.fointelligence.com/Article/3287112/Italian-transaction-tax-raises-159m.html

 

[Explorer]

Eleven EU states to consider narrower transaction tax

http://www.reuters.com/article/2013/12/11/us-eu-transactiontax-idUSBRE9BA0CM20131211

 

[mastacoli71]

Quote from hafez50:

This thread started 5 yrs ago yet were no closer to a transaction tax here than we were 5-10 yrs ago and it had nothing to do with the few voices opposed to it on boards like this but in general there was never any interest in the usa to institute one so it never went anywere.There were the few loudmouths like DeFazio and co who have tried for 10-15 yrs and thought when the financial crisis hit there would an opening to exploit one. The tax was flawed from the start by imposing a tax wether you make money or you don't plus we already have many small taxes on trading plus a capital gains tax

Actions speak louder then words. It was DOA. Not even sure why this thread is still open.

 

[onofrio]

common sense returning to Germany??
The German Federal Bank opposes FTT:

http://deutsche-wirtschafts-nachrichten.de/2013/12/16/bundesbank-entzaubert-boersensteuer/

 

[TraDaToR]

http://online.wsj.com/news/articles/SB10001424052702303293604579254382639389944?mod=dist_smartbrief

 

[seasideheights]

Quote from mastacoli71:

Actions speak louder then words. It was DOA. Not even sure why this thread is still open.

This thread is still open because forces are still pushing to make this a reality.

 

[justrading]

Quote from seasideheights:

This thread is still open because forces are still pushing to make this a reality.

Realistic assessment.

 

[TraDaToR]

http://uk.reuters.com/article/2013/12/29/uk-eu-tax-transaction-idUKBRE9BS07G20131229