WTF just happened?

They have a similar tax in UK and HK, 0.5% i think. It's even 1% in Ireland and the world hasn't stopped - Think it's only mostly for stocks, dunno how it works for stocks and options. One sure can't day trade with such a fee.

 

they are sissies

 

Sorry, it seems it is much less than I first wrote for hong Kong, from IB's website :


Stamp Duty 0.1% (rounded up to the nearest 1.00) will be passed on for stock executions
SFC Transaction Levy 0.003% will be passed on for stocks and warrants executions

 

That should tax sugar instead. At least then we would have less fat people.

 

Oh look deutsche bourse off 4% already...