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View Diary: Some EU countries to institute financial transactions tax (12 comments)

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  •  How would this work - if trade is made in UK (0+ / 0-)

    or US for that matter there is no tax paid?  Or is it a deal where any German, French etc making trades would pay on their national income tax regardless of where the transaction is made?

    "The world is made for people who aren't cursed with self awareness" -Annie Savoy (Bull Durham)

    by Jacoby Jonze on Fri Jan 25, 2013 at 10:04:44 AM PST

    •  JJ - yes the tax only applies to the transactions (0+ / 0-)

      on exchanges in countries that will implement the tax. It would be great if the taxes were very thoughtfully set, different assets and trades need a different tax, and implemented by all the major trading countries around the world. In that way new tax revenues would be available and trading patterns would not change based on the tax. A transaction fee or tax is something where it's difficult to be a leader because it could cost thousands of jobs if trades moved to other markets.  

      "let's talk about that"

      by VClib on Fri Jan 25, 2013 at 06:22:33 PM PST

      [ Parent ]

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