1/4% Tax on all stock trades pushed in NY Times today

Same to you seasideheights. Happy New Year to all our friends on this thread. Another year has passed with no FTT in the U.S., thanks in part to our joint efforts. 2013 will be an important year to keep defending the fort.

 

Must not forget the French attack on American Depository Receipts on french ftt stocks.

I think one US politician was trying to get this outlawed? Anyone have an update?

 

Lithuania postponed plans to adopt a European Union financial-transaction tax, saying Nordic lenders with local subsidiaries in the Baltic nation question the move.
“We’ve decided to delay the decision to examine the many questions raised about what will be taxed and how it will affect the local units of foreign banks,” Prime Minister Algirdas Butkevicius said today in Vilnius, the capital. “I’ll be traveling to Sweden to meet with banks’ top management.”[...]

http://www.bloomberg.com/news/2013-...transaction-tax-on-nordic-banks-concerns.html

 

Lithuania Delays EU Transaction Tax on Nordic Banks’ Concerns - Bloomberg
http://www.bloomberg.com/news/2013-...transaction-tax-on-nordic-banks-concerns.html

Good news. I figured all along that Nordic banking would have enough sway to block FTT. Same story in Finland, the banks are pan-Nordic and mostly Swedish. Estonia will have to join the no-FTT block, too. The Nordic banks have been crystal clear. If you apply FTT, we will close branches, fire people and simply move banking resources to non-FTT countries._

Hopefully, this common sense spreads throughout northern Europe.

 

Bernie Sanders is coming back again.

http://videocafe.crooksandliars.com/heather/bernie-sanders-tell-president-obama-hands-off

 

One of byron weins 15 suprises for 2013 is a transaction tax is passed to stop hft which is hurting the system with flash crashes

 

The transaction tax did not make the top-10 and fell into the category of "also-rans" because, according to Wein: "... either I do not believe they are as relevant as those on the basic list or I am not comfortable with the idea that they are “probable.”

End note from article: "Over the past two years, Wien has gotten 4 of his 17 (24%) calls correct, which after adjusting for boldness, amounted to a woeful $0.67 yield."

http://www.zerohedge.com/news/2013-01-02/byron-wiens-2013-predictions-unveiled

 

Is this tax going to hit spot forex also anyone knows?

 

this how bad legislation gets passed. divide and conquer. your question is a stupid one. why don't you read this thread to understand the status of a FTT.

 

All 1740 pages of it?