Financial Transaction Tax

nile_croc · Nov 2, 2009

Any of you traders in the U.S. have any plans for what you'd do if they ever started a stamp tax in the U.S. or even globally? It looks very likely that this will be a reality one day. So far, we don't have spread betting or CFD's, so what's a trader to do?

TraderAce33 · Nov 11, 2009

Website Relating to Proposed Tax Legislation

nile_croc said:
Any of you traders in the U.S. have any plans for what you'd do if they ever started a stamp tax in the U.S. or even globally? It looks very likely that this will be a reality one day. So far, we don't have spread betting or CFD's, so what's a trader to do?

This site has consistently provided information related to the Transaction Tax and updates the information on a frequent basis.

There is a newly published article here referring to developments at the G-20 meeting.

The information seems positive - but legislative sentiment can always turn.

http://www.greencompany.com/blog/index.php?postid=35

nile_croc · Nov 11, 2009

That is a pretty positive article. I also saw a blurb on Bloomberg over the weekend featuring Trichet whom also appears to not support such a measure. Hopefully we'll keep dodging the bullet!

nile_croc · Nov 20, 2009

Here comes the push for global FTT:

http://www.reuters.com/article/businessNews/idUSTRE5AI3ZV20091119?feedType=RSS&feedName=businessNews&rpc=23&sp=true

nile_croc · Nov 24, 2009

http://thehill.com//homenews/house/69295-dems-push-wall-street-150b-stock-tax

The push is on in U.S. Congress......this stands to put lots of traders out of business!

donaldduke · Dec 17, 2010

The Crazy Germans:

http://www.bloomberg.com/news/2010-...action-tax-proposal-takes-shape-ftd-says.html

Could this be the end of futures day trading on Eurex?

Financial Transaction Tax

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