Wall Street Tax Act of 2025

The Wall Street Tax Act of 2025 imposes a transaction tax on securities trading in the U.S. market, starting at 0.02% for trades after December 2025 and gradually increasing to 0.1% after 2029. It applies to most stock, bond, and derivative transactions occurring on U.S. exchanges or involving U.S. persons, with the tax paid by exchanges, brokers, or the relevant parties (purchaser/seller) depending on the transaction type. The bill exempts initial security issuances and short-term debt (under 100 days) from taxation. This directly affects investors, brokers, and financial institutions conducting covered transactions in the U.S. market.