Lehman Brothers Financial SA (LEHNQ)

[OnlyinitfortheMoney]

In Germany, they've got a 25% "transaction tax" on every sale of securities, and it goes up to 50%, if you sell within a year. That's to discourage day-trading - or any kind of flipping, at all! To answer your question (rhetorical as it was) 'Why not 40 or 60%?': because they wouldn't want to trigger a flight of investment capital into overseas markets, that's why not. 25% (the same all across Europe) is the ceiling for that.