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| Europe |
| Tax on financial transactions approved for 11 EU states |
| 2013-01-23 |
| [FRANCE24] EU finance ministers on Tuesday approved a move by Germany, France and nine other EU nations to introduce a tax on financial transactions to help pay for a bailout of European banks and discourage risky trades. |
| Posted by:Fred |
| #5 It's got nothing to do with buy or sell orders. It's got to do with taxable revenue streams. |
| Posted by: Fred 2013-01-23 15:36 |
| #4 The programs post zillions of simultaneous buy and sell orders, at all prices, never intending to actually fill the orders, but rather to create an artificial level of activity, and seek out the best 'real' price, which they then do fill. It's a legal-ish scam. |
| Posted by: Glenmore 2013-01-23 09:43 |
| #3 NO IT WOULD NOT. It would mean the orders would be emplaced for larger more sudden movements. If you want to cut speculatory positions then there's only one way, and that's to lower the volume of credit. |
| Posted by: Bright Pebbles 2013-01-23 09:31 |
| #2 I'd like to see a tax or fee charged on every order placed on Wall Street (etc.), whether filled or not; that would put an end to the computerized pump & dump games. |
| Posted by: Glenmore 2013-01-23 08:39 |
| #1 "Karl Marx's body lies a-mouldering in the grave, His soul's marching on." |
| Posted by: g(r)omgoru 2013-01-23 02:10 |