Actually (and unfortunately) stamp tax in Uk and HK have been going on for years , what is the différence between those and a tobin tax limited to some markets ? France transaction tax seems satisfactory as well in terms of tax collection and trading volume
Countries planning to introduce the FTT are likely to suffer significant losses in household savings portfolios as a result of taxing a broad range of financial instruments. In larger states with sizeable capital markets, this loss could amount to as much as â¬205bn, or 16% of the total value of equity and debt holdings. Households in the UK and Luxembourg also stand to lose an estimated â¬4.4bn and â¬0.4bn respectively, as a result of the FTTs extraterritorial reach. Published: 14 February 2014 http://www.cityoflondon.gov.uk/busi...tion-tax-on-European-households'-savings.aspx
Is Forex in or out in the FTT ? This thing keep changing all the time is hard to track. Anyone knows?
âI prefer an imperfect tax to no tax at all,â Hollande said - pretty much sums up the view on the left
A question: If I make a round trip of buy/sell, will I be taxed twice: when I buy, and when I sell, or only once per round trip ?