Sunday, 21 August 2011 09:12
'Britain faces a £50billion bill under plans for a new tax raid by Brussels, according to a report.
That is the price the UK might have to pay if the European Union imposes a financial transaction tax demanded by France and Germany. German Chancellor Angela Merkel and French President Nicolas Sarkozy want to impose the levy across the EU to help bail out the euro.
But the vast majority of the cash would be seized from institutions in the City of London – which the Government fears would lead to major banks and investment firms leaving to set up shop elsewhere. The so-called ‘Tobin Tax’ or ‘Robin Hood Tax’ is just one of ten direct taxes that the EU is considering introducing.'
Read more: Britain Faces £50 Billion Bill Under Brussels Tax Raid to Bail Out Euro
Sunday, 21 August 2011 09:08
'You didn't think that the cartel would just sit there and politely hand Mr. Chavez his 210 tons of gold back now, did you?
The first retaliatory shot has been fired in the great gold war. In another Friday night shocker, S&P tonight downgraded Venezuela's credit rating to B+ from BB-.
Shockingly, S&P actually admited that the reason for the downgrade was Hugo Chavez demanding Venezuela's gold be repatriated from the BOE (kept by JP Morgan and friends)!'
Read more: The Cartel Strikes Back: S&P Downgrades Venezuela to B+
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