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Sarkozy's cabinet passes 2012 budget amendments, including an increase in sales taxes (to be...

Sarkozy's cabinet passes 2012 budget amendments, including an increase in sales taxes (to be offset with a cut in payroll taxes) and a tax on trading of financial instruments. The new tax will include a levy on stock trades of large cap companies, derivatives, and high-frequency activity. France is counting on 8 other EU members joining the move.
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Comments (3)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Ahh, so now all markets become government markets.

     

    Got it.

     

    Good luck with that.
    8 Feb 2012, 11:23 AM Reply Like
  • Trader Monk
    , contributor
    Comments (130) | Send Message
     
    Anybody who is giving any consideration to voting for our current
    Agitator in Chief Oblamo better take heed..If given the chance he will impose a FTT here..and those of us who trade for a living will need to find another occupation..
    8 Feb 2012, 12:07 PM Reply Like
  • North Pack
    , contributor
    Comments (61) | Send Message
     
    I'd like to say this is unbelievable, - but we are talking about lefties here, so it's pretty much "par for the coarse". - If it's their intention to raise a few more Francs or whatever - ain't gonna happen. However, they will drive any determined French traders off-shore.
    8 Feb 2012, 03:29 PM Reply Like
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