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financial transaction tax

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SMCJB View Post
I believe the same applies in the US. The exchanges would move off shore.

Its good to know they have 'disaster' plans, but its hard to imagine the NYSE, NASDAQ & CME moving off shore. I'm sure they would hope that just the threat of moving off shore would be enough to prevent such a tax. At any rate, even if the exchanges did move off shore, wouldn't they find another way to tax traders? Maybe through their brokers? Really, the whole trading ecosystem would have to move offshore. Worst case scenario laws then get passed prohibiting US traders from trading offshore exchanges but I think at that point they would cause the whole system to collapse.

Well, nothing's gonna happen for the next two years at least. Then we'll see.

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