ST Alpha - "it says it covers all derivatives. Foreign currency swaps are derivatives. " (Reading a Post)

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it says it covers all derivatives. Foreign currency swaps are derivatives.

Posted by spamlet (iPhone) (aka spamlet) Nov 3 '11, 07:05

Plus it would stay at 3 cents about as long as VAT rates stayed below 5%. Within 10 years it would be at 50 cents if not a dollar.

Responses:

[deleted] 4
- But that's not what the Congresspeople are saying. They want it on all transactions. - spamlet Nov 3, 07:18 3
  - It's a proposed tax of 0.03%. If you're making one-time hedging transactions, would it be that onerous? -- nm - Roger More Nov 3, 07:28 1
    - It is if we are hedging for two weeks on a funding coming in another currency. - spamlet Nov 3, 07:42
  - [deleted]
hmm, i never thought about this. - tRuMaN Nov 3, 07:06

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