In today’s issue of Uutispäivä Demari, MP Heli Paasio suggests imposing a tax on stock exchange transactions. According to Paasio, even a tax rate of 0,05 or 0,1 % would bring in substantial amounts, and would reduce only “speculative” trades, not stock trading as a whole.
Additionally, MP Paasio estimates that brokers might pick up the tab, reducing their commissions so that traders would not be affected by the tax. - As a reference, stockbroker eQ charges a commission of between 0,06 and 0,18 % for stock trades at the Helsinki exchange. For trades smaller than 130 k€, a fixed commission of between 7 and 8 € is added.
Should there be a tax on stock market transactions? Please post your comments!
External links:
- Uutispäivä Demari (in Finnish)
- Heli Paasio (in Finnish)
- Nordic Exchange
- eQ Corporation
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