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Is it necessary to pay tax on the income from overseas foreign exchange margin trading?
You must pay taxes. This tax is called Tobin tax. Tobin tax refers to a global uniform transaction tax levied on spot foreign exchange transactions, aiming at reducing pure speculative transactions. In 1978, Tobin further suggested that a global transaction tax of 1% should be levied according to the transaction scale.

This tax was first put forward by james tobin, an American economist and Nobel laureate in economics, in his speech at Princeton University in 198 1. He suggested "throwing some sand into the wheel of the rapidly developing international financial market". This tax is mainly proposed to alleviate the exchange rate instability caused by the rapid expansion of international capital flows, especially short-term speculative capital flows. Tobin tax is characterized by a single tax rate and globality.

This tax is mainly proposed to alleviate the exchange rate instability caused by the rapid expansion of international capital flows, especially short-term speculative capital flows. According to the EU plan, 0.0 1% will be levied on derivatives, and 0.01%will be levied on stocks, bonds, fund shares, money market instruments, repurchase agreements and securities lending transactions, which will ensure the contribution of the financial industry to public income. 0.0 1% and 0. 1% are the lowest tax rates stipulated by the EU, and participating countries can raise them according to actual conditions.