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New taxes on financial transactions in EU

Discussion in 'General Forex Talk' started by Svetkata, Mar 10, 2011.

  1. Svetkata

    Svetkata Recruit

    Jul 17, 2008
    Likes Received:
    Hi everyone,
    I just read that the EU Parliament voted for a new tax on all financial transactions throughout Europe.
    The tax is to impose a 0.05 percent tax on all type of financial transactions at EU-level.

    To me it means that on each forex margin based transaction the EU will take 5 pips. That makes it a 10 p per round turn. And adding the spreads or/and commission on the trade that will make it quite difficult to make get to good return to risk trades.

    I wonder what will your opinion on the issue be. Suppose you are in Europe of course.

  2. serhiyp

    serhiyp Private

    Apr 25, 2010
    Likes Received:
    Can you please give the source of the information?

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