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muriel_volestrangler

(106,493 posts)

12. The UK already charges 0.5% on share purchases by private individuals

Reply to Bosonic (Original post)

Wed Oct 24, 2012, 05:27 AM

Oct 2012

It's Stamp Duty Reserve Tax. But I assume, since the financial types in London screamed so loudly at the thought of a 0.1% transaction tax, that their trading is not subject to this, for reasons I've never been able to work out. If anyone can find out who is exempt from the tax, or, even better, the reason they're exempt while 'real' shareholders who'd like to buy shares to hold for a length of time have to pay it, I've love to know.

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Highlight:

Eleven EU nations get go-ahead on 'Robin Hood' finance tax [View all] Bosonic Oct 2012 OP

Taxing the financial bandits sounds like a great idea. Vidar Oct 2012 #1

Their ads are great... FailureToCommunicate Oct 2012 #7

Those ads are awesome. Can you imagine how much could be raised with a similar tax in the US. pampango Oct 2012 #10

Let's do it here! Like a tax on tobacco, it accomplishes two things: KamaAina Oct 2012 #2

You are correct. We should do it here. Stop the front running sharks. Vincardog Oct 2012 #3

We already have a tax on tobacco, but the FTT isn't about stuff like that pediatricmedic Oct 2012 #4

The common thread is that both raise revenue while helping society in other ways as well KamaAina Oct 2012 #6

You COMPLETELY MISSED the Real Reason for FTT FreakinDJ Oct 2012 #9

I'll believe it when I see it... Spitfire of ATJ Oct 2012 #5

We need that same sales tax on stocks and bonds. Stop selling strategeic manufacturing jobs WRH2 Oct 2012 #8

I couldn't agree with you more. amandabeech Oct 2012 #11

The UK already charges 0.5% on share purchases by private individuals muriel_volestrangler Oct 2012 #12