Q&A by Don Bright
ABOUT THE TRANSACTION TAX
I keep seeing online discussions of the new, proposed transaction tax. The things I have read make it seem like no big deal, a number around a quarter of 1% for each trade. I can see active traders paying a bit extra, but isnít this just another cost of doing business? What are your thoughts? ó fxguyandgal
Thanks for your insight over the years. I read a discussion of this new transaction tax that is being proposed. Will this have an effect on your traders? My broker hasnít given us any news regarding this at all. ó tradethemall
I have received several inquiries about this proposed transaction tax. The tempo on this tax has picked up since the European community has jumped on the wagon. My friends in the industry think it is inevitable, just a matter of how much, when, and whoís going to be affected.