As GG would say "This turkey is totally brain-dead!"
House Democrats reintroducing financial transaction tax with AOC as a co-sponsor
- Thread starter ajcrshr
- Start date
I am afraid it will not be in London anymore. The Brexit is a wake up call for the EU. Why still invest in a place that might one day leave the EU? Better do it in a safe place, and logically within the EU.
Would you build a new house in an area that was flooded by water three times the last decade? Or would you build it on safe land without that risk?
I don't support this idea at all.
O think this still result in fewer day trading and reduced trading fee revenue for retail trading platforms amd i am sure and how they will oppose it fiercely.
Brexit = less rules = better for trading.
Hope this helps.
Good luck with the house/boat thing.
If that is true all US stock markets should move abroad too. BVI, Dubai have less rules = better for trading.
Or bring them to London too...if that's the place to be.
In 6 weeks we will see what will happen in reality.
won't work b/c the bill stipulates the tax would apply to US citizens.
so even if US exchanges move abroad, if you're a US citizen/resident, you're still paying the tax.
It would work for a lot of people.
You clearly don't realize that there are a lot of non US citizens that trade these markets.
There is also a world outside the US. I live outside the US and am happy I don't have US citizenship. Saved me a lot of money in taxes,which is one of the best parts of the performance of my trading.
So if you're trading futures, this tax bill would still apply to you ? That would make virtually ALL EMINI trading untradeable. Nobody is going to buy 1 ES contract and be 3 points in the hole immediately ($140).
The bill states stocks, bonds, and derivatives. Am I missing something ? IF the do this, they will eliminate hundreds of thousands of jobs, eliminate speculation in the US markets, and KILL all volatility.
Hope it never happens !
The bill states stocks, bonds, and derivatives. Am I missing something ? IF the do this, they will eliminate hundreds of thousands of jobs, eliminate speculation in the US markets, and KILL all volatility.
Hope it never happens !