Not too worried about it passing by itself. The problem lies if someone tries to stealth pass it, wrapped in the confines of a much larger bill.
Aren't the Brits paying some kind of transaction tax already (stamp tax? stamp duty? or something like that)
this bill is to remove blackboxes who pay almost nothing for shares. each bid and ask will be real traders/investors. not fake b.s. games.
.25% $100,000 transaction is $250 fee. you must be serious investor to buy or sell $100,000 worth of shares.
ABSOLUTELY ON TARGET!! They will more than likely try to sneek it in on something else. The current estimate is that "ONE" eMini S&P contact traded at approximately 800 will incur a tax of $200.