Posted on Oct 8, 2020 at 1:46 p.m.Updated Oct 8, 2020, 3:01 PM
New Jersey Governor Phil Murphy wanted a “peaceful and constructive dialogue” on his proposed Financial Transaction Tax (FTT). The Goldman Sachs alumnus has been disqualified from all Wall Street, from stock exchanges to online brokers and banks to super-fast trading firms, high-frequency traders (THF). All American finance refuses in principle to pay 0.25 cent per transaction as New Jersey wants to impose, headquarters of the data centers of the Stock Exchanges. It united in a lobby called “Coalition against the taxation of retirement savings”. She suggests that it is the investors, pension funds, savers, who will foot the final bill. Wall Street will do everything to maintain its margins by passing the cost of a tax on to investors. They will see their transaction fees increase.
Open war
–
