Financial Transaction Tax back on the table. For a few days.
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.
Zugtrader.com too? .ch is for whimps
eclipse options ftw
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
Trading wouldn’t vanish in Europe. It will only be located in the UK, Helvetia or (perhaps) Sweden.
You wouldn’t want to be trading from Sweden – the income taxes are horrendous.
and financial institutions pay huge income taxes in Sweden….
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??
eclipse will bet on it
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…
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