Financial Transaction Tax: what will happen?

Van 't Beste

Newbie
8 1
Dear T2W Community,

I am a Belgian law student interested in a daytrading career.
However, 11 Euro nations including Germany, France and my country, are pushing towards an implementation of a financial transaction tax on shares and derivatives.

What does this mean to retail short-term speculative traders in these countries?
Tax per transaction on shares is 0.1% and on derivatives 0.01% (on the nominal value of the trade) ..
Is it the end of short term trading if other nations also want to join 'the 11 club'?

Thank you for your thoughts!
Cheers,

Van 't Beste
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock