ST Alpha - "But that's not what the Congresspeople are saying. They want it on all transactions." (Reading a Post)

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But that's not what the Congresspeople are saying. They want it on all transactions.

Posted by spamlet Nov 3 '11, 07:18

If you exclude "legitimate" transactions you don't raise nearly the revenue. They are plainly stating this is a revenue raising measure, so it's logical to include that all transactions would be included.

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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
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But that's not what the Congresspeople are saying. They want it on all transactions.

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