Any swiss trader around here?
Can anyone clarify how the "droit de timbre de negociation" / stamp duty tax applies to a swiss company whose purpose is to invest its own funds?
Say it only trade stocks, options & futures on US markets -- nothing on the swiss or european exchanges. Does it still have to pay a 1.5â° or 3.0â° stamp duty on the notional amount?
Does this tax apply to futures & options too? This seems to make scalping a big no-no...
Cheers,
-M
Can anyone clarify how the "droit de timbre de negociation" / stamp duty tax applies to a swiss company whose purpose is to invest its own funds?
Say it only trade stocks, options & futures on US markets -- nothing on the swiss or european exchanges. Does it still have to pay a 1.5â° or 3.0â° stamp duty on the notional amount?
Does this tax apply to futures & options too? This seems to make scalping a big no-no...
Cheers,
-M