The Tobin Tax might well be vetoed by one or other of the national governments. But the campaign for pan-European taxation is only just beginning. This will be the big battleground of the next five years. It’s time for a European Tea Party.
EU Approves Tax On Financial Transactions To Be Paid Directly To Brussels
As predicted, the European Parliament has voted for a tax on financial transactions, to be levied directly by Brussels
As predicted, the European Parliament has voted for a tax on financial transactions, to be levied directly by Brussels
MEPs vote overwhelmingly for an EU Tobin Tax
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“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear. The traitor is the plague.” – Marcus Tullius Cicero
Has anything really changed since 45BC when Cicero uttered those words? I think not.
As Ken Clarke is a Bilderberger, and therefore an EU-integrationalist, could he be the potential ‘enemy within’ a future Tory government?
This is truly awful news. We’ll look back in five years and ask ourselves how we let it happen.
This is a disaster and will only drive the cost of doing business higher in the EU. Everyone will suffer if this isn’t vetoed at a national level. How completely assinine. Another cost of EU integration. Do these idiots actually understand its impact on business and individuals? Everything will cost more, everything! From your travel money to businesses doing ordinary hedging for their exporting/importing. This is the most short sighted, stupidest, moronic tax proposal of modern history. Get us out of the EU Dan. Now.
This is awful. Does this mean this will actually come into place? I didnt think the EU had the power to levy tax.
…the European Parliament has voted for a tax on financial transactions…
That won’t worry you, though, with your big fat pension. The Guide to Open Europe’s League Table of MEPs says:
❛Not content with the standard pension fund which MEPs from most EU countries receive from their own member state governments, many MEPs also opt into a second, voluntary pension scheme that was established in 1989.
The fund is highly controversial. For every £1 MEPs contribute to the fund, the taxpayer contributes £2. MEPs’ own contributions come not from their salary, but are taken automatically from their generous office expenses. MEPs are supposed to reimburse this account but there are no checks and it is suspected that many do not repay the money.
The European Court of Auditors has repeatedly questioned the legality of the fund and has called for clear rules to be established to cover the eventuality of a deficit. The system has also been criticised elsewhere. In 1997 the Dutch Parliament said the fund was ‘morally objectionable’ and said it allowed MEPs to ‘get rich by milking the taxpayer’.❜
Daniel Hannan has ‘continuing membership of the pension fund’.
Center-right doesn’t work anymore….it’s just an excuse to sit on the fence! And do absolutely nothing!