ASSOCIATION
FINANCIAL-TRANSACTION TAX

A financial-transaction tax could put all business traders out of business.

Robert A. Green, CEO of the Traders Association put our efforts into high gear in January 2009 to fight off Congress's proposal for a wide-scale financial-transaction tax (FTT), which would have a devastating impact on traders and our entire industry. Traders have been successful to date in fighting off a FTT in the U.S. and G-20, G-8 and EU as well. Although the FTT attack has lost some momentum in the U.S. of late, it's still being hotly debated in the EU. Passage in any major G-8 country can lead to pressure to pass it in the U.S. too. We need to keep fighting against an FTT.

Robert Green has written many blogs on the FTT: Click here to see the FTT section of our blog.

Press release dated Jan. 5, 2010.

Please sign and send our new petition "A financial-transaction tax is detrimental to many industries." We consolidated several points into this short and effective letter written by Robert A. Green. We need your help in asking your trader friends and colleagues to sign and send one or both of our petitions to their Congressmen and President Obama to reach our goal of 25,000+ signers/senders. It takes just a few minutes to send our petition letter for free to your Congressmen and/or President Obama. You are welcome to customize the letter as you see fit. For a small charge, you can print and mail the letter. This is recommended, as it's more effective in generating positive reply letters.

Our first petition, "Save Traders' Jobs: Do Not Enact a Financial-Transaction Tax," was very successful with many signers receiving replies from their Congressmen. The frequency of signatures escalated and then peaked in the week of Dec. 11.

This important second petition focuses on all market users, including retail investors, farmers, and other industries. We are hoping this petition jump starts our efforts again. We don't have a budget to advertise or use lobbyists and our success as a trading community will be a result of our joint social media and viral marketing efforts. It's free to do, but it takes some work. Please help us and help yourself too.

VIDEOS: See several on our videos page, including these.
"Transaction Tax Could Shut You Down."
The proposed financial transaction tax could put many traders out of business, says tax expert Robert Green, who assesses this hotly contested issue from both sides.
Released: 4/15/2011

"Don't Penalize All Investors"
Robert A. Green speaks to Karen Gibbs of MoneyShow.com at The Traders Expo Las Vegas on Nov. 21, 2009 about the financial-transaction tax threat.

GreenTraderTax Blog:
Archived blog articles on the financial-transaction tax. Click here to access the entire archives.

Green comments on media articles:
Washington Post, "Whose side is Obama on?" Nov. 25, 2009: Green's Comment.

The Hill, "Stock tax less likely for jobs bill" Nov. 19, 2009: Green's Comment.

Active Trader magazine:

• April 2009: “A taxing issue for traders” A proposed transaction tax would significantly increase costs for traders, but it would also threaten wide swaths of the financial industry and make the U.S. markets less attractive to outside investors. By Robert A. Green.
  
• February 2010: "The financial transaction tax." After rearing its head at the November G20 meeting, the financial-transaction tax has again become a hot topic. By Robert A. Green.

For the latest news, comments and discussion on this tax, see EliteTrader.com's thread 1/4% Tax on all stock trades pushed in NY Times today. You may want to set up daily Google Alerts for search term: "financial-transaction tax."

Here is an excellent earlier Petition against this tax at RallyCongress. We cooperated with the author and please sign this Petition too. It's good to have multiple Petitions and letters sent to Congress.

Conference Calls and Podcasts: We discuss this tax (and other topics too) on our weekly conference calls, so please come join in that discussion. Click here for details and to listen to earlier Podcasts (recordings of our conference calls, available with a table of contents and written content too). We had a large number of attendees on our conference calls on Jan. 15, 2009 and Aug. 27, 2009 to discuss this special topic.

If you have any ideas, comments, criticism, or suggestions for how to help our cause to defeat this financial-transaction tax, please contacts us at association@greencompany.com.

Thanks for your support!

Robert A. Green, CPA
CEO of the GreenTraderTax Traders Association