A tax levied in many countries on the turnover from trading in securities in the manner prescribed by law. – In Germany, this tax was abolished in 1991. – Its reintroduction is urgently demanded, especially in left-wing political circles, in order to fleece “the rich”. In Germany, however, it is probably those small investors who have invested their savings in shares and share funds who would be most affected. In addition, there are 2.4 million (as of mid-2013) contracting parties of Riester personal equity investment plans, as well as millions of professionals who pay into life insurance policies for their later retirement benefits. The tax would be passed on to all of them (the stock turnover tax would be passed on to the savers and insured persons described above). The targeted “rich”, on the other hand, will very quickly transact their business on exchanges in those countries that do not impose a stock turnover tax. – See Closing Stamp.
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