Financial Transaction Tax

This is a discussion on Financial Transaction Tax within the US Stocks forums, part of the Equities category; Any of you traders in the U.S. have any plans for what you'd do if they ever started a stamp ...

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Financial Transaction Tax

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?
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Website Relating to Proposed Tax Legislation

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Originally Posted by nile_croc View Post
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
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Re: Financial Transaction Tax

nile_croc started this thread 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!
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Re: Financial Transaction Tax

nile_croc started this thread Here comes the push for global FTT:

http://www.reuters.com/article/busin...rpc=23&sp=true
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Re: Financial Transaction Tax

nile_croc started this thread http://thehill.com//homenews/house/6...150b-stock-tax

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