Currencies and the Global Capital Markets Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currencies and the Global Capital Markets

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SofaSpud who wrote (3294)	3/19/2002 11:10:51 AM
From: Robert Douglas	Read Replies (2) of 3536

Sofa, A tax on foreign exchange is a bad idea because not all foreign exchange transactions are based upon commerce. Personally, I think the world will not go that direction but the opposite. I believe in the future corporations will not be taxed at all. The only real taxing power that a country has is to tax its citizens. Corporations will become global entities and any effort to tax their profits will be too difficult to manage. Can you imagine trying to determine which country gets taxes from a product whose copper was mined in Chile, parts fabricated in Malaysia, assembled in Poland, sold to a distributor in Great Britain and then marketed to consumers in 150 different countries. Talk about a friction to global trade!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next