The levy would target high-frequency trading and is projected to generate $777 billion over a 10-year period.
Poll: Likely Voters Support ‘Wall Street Tax Act’
Tag: Financial Transaction Tax
Sarkozy Pushes Tax on Stock Trading
As Wall Street bankers and hedge funds deploy powerful computers in “high-frequency trading” siphoning off capital meant for productive purposes one counter-measure would be a “financial transaction tax” to discourage the practice and raise needed revenue, a plan gaining traction in…