Schaeuble Seeks Decision on EU Financial Transaction Tax in 2016
Can someone explain reasons for not having a FTT? I mean, there is no reason for Company X to move their trading to another country as the (non-hedgefound) owners of it do not gain anything from it. I mean the financial industry does not create any value through high volume trading, so while there is much to gain for the individual, for us as a society there is nothing positive about it at the risk of higher volatility and rapid market reactions. Or to phrase it different: why should I as someone with 100 GE or EADS shares be against a FTT?