Financial Transaction Tax (FTT)
Sep. 13th, 2020 12:48 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
ny_quanthttps://taxfoundation.org/new-york-financial-transaction-tax-new-jersey-financial-transaction-tax/
Seeking new sources of funding, New York and New Jersey—two states at the heart of global financial markets—are considering financial transaction taxes. New Jersey’s A4402 would impose a 0.25 cent tax on every financial transaction processed in the state. In New York, some lawmakers have proposed a rate as high as 5 cents per share (1.25 cents for stocks worth less than $5). If either state succeeded, it would represent the only financial transaction tax (FTT) in the United States, although New York had its own FTT from 1905 to 1981. There is no federal-level FTT in the U.S., though fees are imposed to fund the regulatory activities of the Securities and Exchange Commission (SEC).
The quarter-cent tax would be imposed on each transaction that is processed in New Jersey, with a transaction defined as any purchase or sale of a security—including a share of stock, a futures contract, a derivative, or any similarly traded financial instrument or contract. The tax would be imposed per instrument, not per trade, meaning that a purchase of 1,000 shares would generate $2.50 in taxes. This rate may seem small, but it would quickly pyramid as the same instrument is traded—and therefore taxed—multiple times.
Честно говоря, для нас простых смертных это не очень много, но для high frequency traders может оказаться весьма болезненно.
Seeking new sources of funding, New York and New Jersey—two states at the heart of global financial markets—are considering financial transaction taxes. New Jersey’s A4402 would impose a 0.25 cent tax on every financial transaction processed in the state. In New York, some lawmakers have proposed a rate as high as 5 cents per share (1.25 cents for stocks worth less than $5). If either state succeeded, it would represent the only financial transaction tax (FTT) in the United States, although New York had its own FTT from 1905 to 1981. There is no federal-level FTT in the U.S., though fees are imposed to fund the regulatory activities of the Securities and Exchange Commission (SEC).
The quarter-cent tax would be imposed on each transaction that is processed in New Jersey, with a transaction defined as any purchase or sale of a security—including a share of stock, a futures contract, a derivative, or any similarly traded financial instrument or contract. The tax would be imposed per instrument, not per trade, meaning that a purchase of 1,000 shares would generate $2.50 in taxes. This rate may seem small, but it would quickly pyramid as the same instrument is traded—and therefore taxed—multiple times.
Честно говоря, для нас простых смертных это не очень много, но для high frequency traders может оказаться весьма болезненно.
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Date: 2020-09-13 06:39 pm (UTC)no subject
Date: 2020-09-13 07:20 pm (UTC)no subject
Date: 2020-09-13 07:56 pm (UTC)no subject
Date: 2020-09-13 09:01 pm (UTC)no subject
Date: 2020-09-13 09:19 pm (UTC)no subject
Date: 2020-09-14 02:37 pm (UTC)no subject
Date: 2020-09-18 04:20 am (UTC)Тут все же есть нюанс. HFT - это по сути и есть обкладывание налогом финансовых операций, только в свою частную пользу. При разумной налоговой математике, поди, можно и снизить стоимость транзакций, ежели HFT разбежится?
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Date: 2020-09-20 03:09 am (UTC)--
Коган-варвар
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Date: 2020-09-20 07:21 pm (UTC)Вот есть я, что проснулся и решить купить акции, скажем, Амазона. И есть HF trader, чья нейронная сеть, сволочь, смогла предсказать, что я сейчас куплю Амазон. Они купили чуть раньше чем я - и тут же продали мне, на два цента дороже.
Кто тут получил какую пользу, кроме самих трейдеров? Продавец - нет, я - нет. Я был просто обложен налогом в их пользу.
Теперь, если будет государственный налог в один цент - то я окажусь в выигрыше, если трейдеры разбегутся. Что, конечно, только теоретическая возможность, но возможность.
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Date: 2020-09-21 01:43 am (UTC)no subject
Date: 2020-09-21 01:46 am (UTC)--
Коган-варвар
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Date: 2020-09-21 01:49 am (UTC)