This must be one of the the most wrong parts legislation, which it is necessary be entered for some time, directly infusing on our get younger retail forex industry. I hope that CFTC will see the light and abandon its offer "allow to ravage use as lever" Jan 2010.
Now us it is necessary to allow this naive congressman and our own representatives that this "H.R. 5783" document are mortally flawed part legislation.
This type of the attempts to tax the exchange deals was around at least once with 1972.
The Disadvantage scenario. If we ever concerned with the tax in currency, this must be carried in orderly way: G-8 or G-20, then approved by UN and national legislation - unilateral not one country, then other country!
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