June 17, 10 by Mark75
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Back to the fore the issue of taxation of financial transactions. We have already discussed this issue several times, but it’s worth going back because it is an important point: the “micro-taxation” of financial transactions has the effect of “disadvantage” and the short-very short term, for then the medium to long-term investment.
This is an effect that is exploited to the maximum, since it is the “shortsightedness” of finance one of the elements that led to the crisis. Think in the long term, it means inevitably think in light of flexibility, and benefits can be much more of the possible fund raising.
The fear is that we “flatten” a logic of “revenge” against the banks, but in the end threatens to penalize consumers and businesses. The same goes for the “withdrawal” under discussion in the EU. More than just pretend that the banks contribute to the costs of the crisis, but it is naive and illogical to believe that this levy has repercussions on the “capacity” of banks to finance companies and consumers or to remunerate investment. Then the criticality is the fact that it is necessary to structure things so that the benefits of such fees exceeds the negative impact that might have.
Tasse sulle transazioni finanziarie: un bene, ma non per i motivi che pensate
March 25, 10 by Mark75
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The theme of the micro-taxation of financial transactions has been much discussed in the context of financial crisis, and these days is playing an international campaign to collect signatures to urge the Heads of State and Government of the G20 to launch a tax on financial transactions. The assumed tax should cover all financial transactions and would have a small amount – typically it comes to values between 0.01% and 0.1%.
The issue of taxation of transactions, however, is often placed under a light in our opinion incorrect, presented more as a “revenge” to the banks to the real implications that entails.
Gather resources to cover the costs of the crisis or creating funds which help the poorest countries are certainly important issues, but end up hiding in fact what is the real significance of this type of taxation, which does not necessarily have the purpose of “gather resources, but rather to make improper speculative transactions in the very short term. The reason is pretty obvious: many big investors make a large number of operations (sometimes with automated systems), of minimum life and bringing on a single transaction, reduced earnings, but the large number lead to massive revenues – both to understand, a gain of 0.1% per day mean (capitalized) a gain of more than 44% in one year.
But this is highly speculative transactions as a whole – but even this may be a secondary issue, since the speculation in most cases the trend accelerates, rather than create them. The real point is that these operations are focused on a very short period, and then push the markets to essentially ignore the long term, which instead is (by definition) is essential for the sustainability (economic and others). In this context, the taxation of transactions may be important to “force” to be more concerned with the medium to long term, potentially bringing a revolution in the logic of financial markets
Campagna internazionale per introdurre la tassazione delle transazioni finanziarie
January 07, 08 by Mark75
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You continue to talk a lot to bring the taxation of capital gains to 20%: one of the things that leave me very puzzled is how often you talk the subject in a very superficial, with the positions that I think he took more prejudice than knowledge. We try to do some ‘clarity on the subject, to understand a bit’ more:
- First, a pension in the vocabulary of Italian, is a gain which comes from the mere possession of a productive resource, then neither work nor businesses , or a contract involving the payment of a periodic sum of money or a certain quantity of fungible things . So strictly speaking, an investment in stock is not an annuity , because it is said that you have income, but may very well have a loss. Moreover, the effect of taxation on investment of 12.5% also had a sense – though not the only – approach to encourage investors to invest in higher risk in order to help provide capital to companies because these could invest, grow and create jobs.
- speak as many representatives from the political class, s apparent, that those who invest in BOT in shares or bonds, are all the rich people who live in castles and sipping champagne , but in reality there is a narrow class of small savers , and who should be protected to the maximum, and instead instructed him to better understand the economic and financial mechanisms and to one side, to prevent burns ending in mechanisms that do not include other mechanisms may approach most sophisticated of which can benefit both their businesses that are indirectly funded.
- You continue to make a single pot of interests, dividends and capital gains, which are different things, and in fact in Europe are taxed differently . Just to give a little ‘Glossary:
- The interests are the sum due as compensation for the availability of a capital for a certain period. Or, symmetrically for those deposits can be interpreted as the r etribuzione against the waiver to have a sum of money .
- The dividends are the part of profit that is distributed by a company to its shareholders .
- gains are the ‘ increase in value within a given period of time, goods or other (in a financial environment of securities).
In short, the tax to 20% for several points can be even more correct than the present, but the theme until now, I think has been addressed in a cursory manner.
Banks and Savings [http://www.banknoise.com ]
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