FTT - a simple way around for retail traders ?

C

CALLumbus

Hey friends,

it seems to me that the bogeyman FTT is more present in the news again these day, both in the US and Europe.

I was thinking a bit about that crap FTT, and the consequences for us traders. And then I suddenly had a simple idea how the FTT could be avoided, at least for us retail traders.

First we would need an exchange or exchanges or OTC providers that move to countries that are not subject to any FTT, lets say for example the Bahamas, or Switzerland. Then we would need companies like earn2trade or Topsteptrader, remote prop shops and similar companies, which kind of employ you, to also move to these non-FTT countries. Because you are trading the account of that prop trading firm, and the company is not subject to FTT, your whole trading would then be completly independent of any FTT.

I dont know if some clever guys are already thinking about this, but they could build up a huge business with this, if some serious FTT should really be implemented.
 
Did you guys even read my post, the topic of this thread ? What do you think about my idea ? Should not be too hard for companys like earn2trade, Topsteptrader or some OTC CFD shops to set up something like that ?
 
CALLumbus said:
Did you guys even read my post, the topic of this thread ? What do you think about my idea ? Should not be too hard for companys like earn2trade, Topsteptrader or some OTC CFD shops to set up something like that ?
More...

It is all premature until we see the actual text of the proposal, or bill if it makes it to the floor of the House.
 
Overnight said:
It is all premature until we see the actual text of the proposal, or bill if it makes it to the floor of the House.
More...

It is not just a matter of the US... other countries going in retard mode, too. So I try to understand what I can expect, what is possible, if there might be ez ways around this.
 
CALLumbus said:
It is not just a matter of the US... other countries going in retard mode, too. So I try to understand what I can expect, what is possible, if there might be ez ways around this.
More...


Ahh. Well, the US is quite restricted regarding your idea, because we cannot do CFDs. If yer a Euro trader, I got nothing for ya'.

Again, for the 4,125th time, until there is a solid context of this bill in the US, and not some stupid general headline about a FTT, there is no point speculating about it.

Instead, just do some holiday shopping at Amazon. They don't have a FTT...Oh, wait a minute, they DO!!!!!! It's called SALES TAX!

DAMN, I FORGOT ALL ABOUT SALES TAX!

Oh man, remember when they implemented mail-order sales tax in some states, and how it destroyed mail-order from those states?

No? Me neither. Because it had zero dent in it at all.

 
You must log in or register to reply here.
Back
Top