Quote:
Originally Posted by MaDalton
i wish people would be more informed about this.
first of all the tax would be so low that it would be hardly noticed per transaction.
and second the tax would be on those kind of transactions that have no economic sense, are highly automated and part of the problem we have rght now anyways.
nothing would happen if the whole EU would introduce it - but no, Cameron has indeed no balls, he's too pussy to stand up against his party and the EU haters.
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I'm informed I used to work as a swaps accountant in London, and if you're doing 100 million dollar swaps then any % however low is a lot of money. All that $$ that the banks make will just go out of the EU.