Transaction tax in germany

[LeeD]

Quote from electricshock:

Your words not mine.

Clearly you think the end is possible for Eurex - or at least you did on page 2 before

Maybe due to difference in our ignore lists we see page 2 differently, would you care to quote my exact words?

Quote from electricshock:

Now after some thought you know you're wrong and there is a 99% chance they continue and continue well.

As if they are going to go out of business - only a true idiot or amateur would think that.

I never said "there is a 99% chance" either - it's what you arbitrarily conclude from my post.

It seems we are talking about different things. I am talking about trading volume moving out of Germany abroad. You are talking about financial results of German exchanges.

 

[electricshock]

Eurex will stay put,it won't be bought out by anyone at a distressed price,there won't be a mass exodus by Geman locals,volumes will be strong and that is that.

We'll see in 6 months if it's still there,until then i'd leave it at that.

 

[LeeD]

Quote from electricshock:

Eurex will stay put,it won't be bought out by anyone at a distressed price,there won't be a mass exodus by Geman locals,volumes will be strong and that is that.

We'll see in 6 months if it's still there,until then i'd leave it at that.

Mighty conviction doesn't proves you right. However, we indeed need to see if and when the transaction tax is intorduced and what exclusions the final version has.

 

[LeeD]

Quote from electricshock:


Eurex will stay put,it won't be bought out by anyone at a distressed price,there won't be a mass exodus by Geman locals,volumes will be strong and that is that.

We'll see in 6 months if it's still there,until then i'd leave it at that.

Mighty conviction doesn't proves you right. However, we indeed need to see if and when the transaction tax is intorduced and what exclusions the final version has. I concur. Let's reopen this discussion in 6 months.

 

[clacy]

Germany, France, GB, the US, etc are all democracies. We pretty much get what we deserve because we are the ones that vote for these obnoxious clowns.

 

[1prometheus]

Quote from clacy:

Germany, France, GB, the US, etc are all democracies. We pretty much get what we deserve because we are the ones that vote for these obnoxious clowns.

I believe this is called the tyranny of the majority.

 

[Stok]

electricshock...you gonna get a "shock" if this passes. Volumes will dry up anywhere from 50-90% in the futures market. Heck, those who trade eurostoxx50 or DAX will say F this, gonna go trade CME/Asia markets.

I'm telling ya what will happen if this gets widespread (i.e. comes to the USA and other G20 countries). Hong Kong will take all the business. Switzerland will take all the cash FOREX markets. And all the countries that think they can tax their way out of their own mismanagement will see what happens to them (i.e. Sweden).

Sheeesh....will anyone ever learn?

 

[lurefo]

I don't see Germany passing the TT. No consensus, no TT.

 

[tomahawk]

Dumb question: ... would the tax apply to the location of the exchange, the account, or the account holder?

What I'm getting at is, should this tax nightmare spread to and take effect in the U.S., will there be any workarounds at all for U.S.-based traders, i.e. - open an account through IB HK and trade Asian markets from within the U.S., transaction tax-free?

Because if not, then why all the discussion about volume moving to other markets? The people would have to actually relocate or open accounts under false pretenses in order to avoid the tax, would they not?

 

[Stok]

Quote from tomahawk:

Dumb question: ... would the tax apply to the location of the exchange, the account, or the account holder?

What I'm getting at is, should this tax nightmare spread to and take effect in the U.S., will there be any workarounds at all for U.S.-based traders, i.e. - open an account through IB HK and trade Asian markets from within the U.S., transaction tax-free?

Because if not, then why all the discussion about volume moving to other markets? The people would have to actually relocate or open accounts under false pretenses in order to avoid the tax, would they not?

The tax will be "stamped" at the exchange/clearing house...no matter where you trade from.

When I say Hong Kong is that they will have futures markets that mirror the other futures markets that charge the FTT. All liquidity will easily more to HK, no brainer.

As far as FOREX and all these crazy Soro's fockers who want to tax that....Switzerland will become the defacto hub for FOREX trading.

Saying all this....I still seriously doubt this FTT will ever spread. Germany will learn a lesson soon if it does pass over there.

Here in the States, with the move to Republicans and less taxes/guberment feelings in the public, do not seeing this coming ashore...if ever.