ok Friendo? This is madness!?!? - THIS, IS, FOREX!!!
"We expect to make comments available on the IMF website after January 1 in order to stimulate debate on the issue."Ignored
DislikedSmall brokers might do that, but bigger ones can't afford that. It would kill their reputation, if they banned successful traders. I have never heard that anyone would have been banned from Oanda or Alpari UK for example.Ignored
DislikedAlready, the IMF has received a letter from people representing scores of economists, NGOs and other cretins who are strongly exhorting the IMF's approval of such a tax. Public opinion is way against anyone even tangentially involved in the financial industries, the legitimate role of short-term speculation is totally obscured from public view, and the red buttom issues of credit crunch and climate change are going to provide for an awful lot of bad laws and taxes in the times ahead. Sarkozy is serious about this tax - he is pitching it at 5 pips...Ignored
DislikedThey won't get away with it. Sarkozy already has had a kick in the guts with his emissions trading tax scam. They threw it out. Next to go will be he. Brown is on the way out too.
All that will happen is some places such as Cyprus, Bahamas etc. will choose not to implement this tax all the cash will flow through there. If you say they have no clout then some places like China, Russia or India may not implement it, all the cash flows there and the west can't do much about it.
OTOH, if you believe in the New World Order, then they will all implement...Ignored
DislikedChina, Russia and Switzerland have already stated that they will not implement any transaction tax.
It wont happen globally but will probably in USA and UK.Ignored