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In response to
"It's a proposed tax of 0.03%. If you're making one-time hedging transactions, would it be that onerous? -- nm"
by
Roger More
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It is if we are hedging for two weeks on a funding coming in another currency.
Posted by
spamlet
Nov 3 '11, 07:42
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Plus, with the description a lessor may be hit with the tax when the bank funds the transaction depending on the definition of "sale".
It's never going to pass anyway.
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