Tobin Tax on currency transactions 0 replies
Anyone notice any effect of Credit on Forex? 0 replies
Will Early Time Change Effect Forex Traders? 0 replies
Any significant effect to forex market if US attacks Iran?? 2 replies
World Cups effect on forex?? 18 replies
Dislikedignore him, i've already told him that the EU draft excludes Spot Forex, what can be read in the draft by the EU itself...Ignored
DislikedI have just read your post on this one. Iīm not researching Tobin my own. I just donīt like people screaming that it might be over next year without giving some reasonable valid arguments.. I dedicate my whole life to thisIgnored
Dislikedignore him, i've already told him that the EU draft excludes Spot Forex, what can be read in the draft by the EU itself...Ignored
DislikedHi,
selling is a transaction too. That would mean you have to pay the tax two times (one time per half turn).
Tobin tax is not so bad? Additional 2-4 pips will kill the most of the lower tf systems.
Who says that the greedy polticans will not increase the tax rate? It looks like every country can decide by it's own how high the FTS will be: http://derstandard.at/1350259062935/...fuer-Aufregung
It's in german language but the most important information is that Italy plans a 0.05% FTS for derivativs....Ignored
DislikedI calculate with 0.01 %. Thatīs one pip per half turn.
Do you know when germany will present the draft bill?Ignored
DislikedHow will destroy daytrading if tax increase cost of a trade for 2 pips?
Anyway, if you are a citizen of a country that implement a tax, but you have a broker in US will you bi taxed?Ignored
DislikedWe donīt know how high the tax will be!
0,01 % 2 pips + spread maybe possible for daytrading
0,02 % 4 pips + spread impossible for daytrading
0,04 % 8 pips + spread
0,05 % 10 pips + spread
0,1 % 20 pips + spread
Does somebody know when we get exactly information about the tax?Ignored
DislikedJust wait and pay attention at the press anouncements....they are working on it, you can be sure of that...maybe we get lucky and they decide forex is way to complex to tackle...being a non centralized market...kind of a monster with way too many legs for them to somhow grab...Ignored
DislikedYeh. but it really gets on my nerves when no one can tell me what can be done in terms of a possible launch.(except to move out)
And when i ask brokers they say that any broker abroad is excluded from the tax. But thats wrong for the trader!
No later than the end of the year you will have to pay the tax.
When the government wants to introduce the bill?Ignored
DislikedDo you think they could get away with an EU wide Tobin Tax?
the last I read, was Germany is working on some system/ software for Tobin collectionon stocks...should be ready in a couple of years...France already taxes, although much less than initially planned, (which was a Tobin on anything that moves.)
Apparently Forex would be close to impossible to tax for the moment, because of the complexity, being an international monster that nobody knows where it lives, how it really moves, and too big to mess with anyway...
My feel...Ignored
DislikedOK , sorry for my screaming....Iīm not dedicating my life to this, but lotīs and lotīs of time, valuable time....thatīs why I do "some research"...but if youré truly dedicating your life.....
Anyway, I really hope we all survive these idiot politicians...if my account grows big enough, and Tobin hits bad, I would consider moving to UK...business is business...
...best of trading to you all...Ignored
DislikedJust wait and pay attention at the press anouncements....they are working on it, you can be sure of that...maybe we get lucky and they decide forex is way to complex to tackle...being a non centralized market...kind of a monster with way too many legs for them to somhow grab...
AND, unless you are a spectacular day trader, any minor extra burden on your bottom line will be devastating...Ignored