% | $
Quotes you view appear here for quick access.

Alcatel-Lucent Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • wh000_123 wh000_123 Dec 1, 2012 9:22 AM Flag

    Foreign Transaction Charge for French Companies

    yeah, it looks like the whole package is aimed at making the market a little safer (with raising revenues as a plus):

    "On 1 August 2012, France introduced a financial transaction tax in French tax regulation pursuant to Article 5 of the French Amended Finance Bill of 14 March 2012. Two other taxes applicable to financial transactions were also introduced, including a tax on high frequency trading; and a tax on naked sovereign credit default swaps. The FTT levies a 0.2 percent tax on all publicly traded companies with a market value over €1 billion."
    a tax on high frequency trading! good idea.

3.95+0.01(+0.25%)Nov 25 4:00 PMEST