Financial Transaction Tax back on the table. For a few days.
12 Jan 2012
Brochures for a second house in the Swiss alps are taking a lot of space on my coffee table lately. Even checked the availability of “zugtrader.ch”. As of monday I’ve been seriously worried about this Financial Transaction Tax – with Merkel lining up behind Sarkozy and his pledge for the Tobin Tax. Sure, such a tax wouldn’t be rational and damage a fragile economy – but don’t count on French politicians to behave economical.
Would be kind of a nuclear option ; all derivative trading would vanish. Sure, large firms such as Optiver and IMC would survive elsewhere – but trading in Europe would be wiped off the map. Therefore, good to read the “Loch Ness Monster” will disappear again. Merkel was only sharing her personal opinion monday. She should start a website for personal opinions. Zugtrader.ch is still free.
- Tags: politics
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- All Options in 2010 : Losing 300k, daily
- IMC lost play offs. All of them.
- French tax plan : Au revoir, CAC40
- Euronext to open “Café 5″
- KBC Clearing throws in the towel
- Panic with French Stamp Duty
- Financial Transaction Tax back on the table. For a few days.
- Trading holidays 2012
- No more bullying of small market makers
- Beursplein 5 to open a cafe
9 Responses to Financial Transaction Tax back on the table. For a few days.
ch for whimps
January 13th, 2012 at 1:49 am
Zugtrader.com too? .ch is for whimps
anonymous
January 13th, 2012 at 4:09 am
eclipse options ftw
anonymous
January 13th, 2012 at 2:29 pm
zugtrader.com used to exist, never had that much on it other than some actant gossip in the old days when they used to have an office there. the site stopped and has had a relaunching soon banner up for years
anonymous
January 14th, 2012 at 4:31 pm
Trading wouldn’t vanish in Europe. It will only be located in the UK, Helvetia or (perhaps) Sweden.
anonymous
January 15th, 2012 at 11:05 am
You wouldn’t want to be trading from Sweden – the income taxes are horrendous.
anonymous
January 16th, 2012 at 11:07 am
and financial institutions pay huge income taxes in Sweden….
anonymous
January 16th, 2012 at 1:34 pm
The EU is against the merger of the two largest manufacturers of the Dutch “kroket”. (for those not in the know, that is that deep fried ragout that the Dutch eat out of walls), citing a fear of a monopoly in that business.
Is anyone still willing to bet on the merger of DBAG and NYSE??
anonymous
January 17th, 2012 at 12:31 am
eclipse will bet on it
anonymous
January 23rd, 2012 at 12:19 pm
Machines do not pay income tax, atleast not in Sweden
Oh mighty Mammon please let the Germans and French add a tax on financial transactions…