Quote:
Originally Posted by Cannon Shell
They will divert money to trading on foreign markets where no transaction taxes exist (Hong Kong/China wont go for it) or the money may be taken out of play entirely.
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So the big American Wall Street investment firms are going to move out of the country and cease practicing here if there is a 0.1% tax on trades, and a 0.01% tax on derivative trades.
Have they said this?