Tag: Financial Transaction Tax

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Banks ,Brokerages ,Major Stock and Commodities Exchanges Plot Moves to Leave New Jersey

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the staff of the Ridgewood

Mahwah NJ, Banks ,Brokerages ,Major Stock and Commodities Exchanges Plot Moves to Leave New Jersey. Texas Governor Greg Abbott will welcome representatives from major stock exchanges, including Nasdaq, to Austin on Nov. 20 as the state makes a bid to be the top choice if the exchanges make good on threats to move their trading platforms out of New Jersey.

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Financial Transaction Tax : New Jersey’s Policymakers need to think about the Collateral Damage that High Taxes and Affordability Issues Cause

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the staff of the Ridgewood blog

Mahwah  NJ, The New Jersey Business & Industry Association today said a bill that would impose a new tax on electronic stock trades processed in New Jersey could easily lead to exchanges leaving the state, resulting in a loss of jobs and tax revenue in yet another hit against New Jersey’s business competitiveness.

Continue reading Financial Transaction Tax : New Jersey’s Policymakers need to think about the Collateral Damage that High Taxes and Affordability Issues Cause

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Murphy’s Financial Transaction Tax Will Chase Wall Street Data Centers Out of New Jersey

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photo courtesy of the NYSE
Assemblywomen Holly Schepisi
Mahwah NJ, On Monday a hearing will be taking place in Trenton to consider another tax, the Financial Transaction Tax which would impose a financial transaction tax on any persons or entities that process 10,000 or more financial transactions through electronic infrastructure located in New Jersey during the year.

Continue reading Murphy’s Financial Transaction Tax Will Chase Wall Street Data Centers Out of New Jersey