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European Financial Tax - they're havin' a larf

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Comments

  • Further down the article, it says:

    The commission said that if the UK vetoed the tax, it would look to implement it in the eurozone.
    Referring to "the constraints of unanimity", Mr Barroso said "further changes to the Treaty of Lisbon" may be required in order to push through measures to stabilise Europe's economy.


    Thank God for the "constraints of unanimity" and let's hope they remain.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    lemonjelly wrote: »
    I wouldn't put anything past Cameron or Georgie boy I'm afraid...

    It's the EU commission proposing it. Not the tories. They are against it.
  • A._Badger
    A._Badger Posts: 5,882 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It's the EU commission proposing it. Not the tories. They are against it.

    Until they cave in, that is. After all, these are the 'cast iron' promise boys.
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    A._Badger wrote: »
    Until they cave in, that is. After all, these are the 'cast iron' promise boys.
    But it's mostly the City they cave in to. And the City is dead against this. They reckon it will only raise £10bn and cost £10bn to implement.

    They weren't quite clear as to whether that was £10bn a year or just £10bn initially. Either way, it's the sort of figure that only the City could come up with. Even now they'll be scheming how much they can take in consultancy fees for advising on this. Banks' consultancy fees for advising governments seem to start at £100m. It's never explained why career mandarins at the Treasury need so much advice on how to do their jobs.

    This could go through, if the banks figure out how to make a profit out of it, and how to avoid paying the tax themselves.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • nearlynew
    nearlynew Posts: 3,800 Forumite
    pqrdef wrote: »
    But it's mostly the City they cave in to. And the City is dead against this. They reckon it will only raise £10bn and cost £10bn to implement.

    They weren't quite clear as to whether that was £10bn a year or just £10bn initially. Either way, it's the sort of figure that only the City could come up with. Even now they'll be scheming how much they can take in consultancy fees for advising on this. Banks' consultancy fees for advising governments seem to start at £100m. It's never explained why career mandarins at the Treasury need so much advice on how to do their jobs.

    This could go through, if the banks figure out how to make a profit out of it, and how to avoid paying the tax themselves.


    Don't forget that the bank makes the rules.

    The politicians, civil service and mainstream media are just their puppets.
    "The problem with quotes on the internet is that you never know whether they are genuine or not" -
    Albert Einstein
  • A._Badger
    A._Badger Posts: 5,882 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    pqrdef wrote: »
    But it's mostly the City they cave in to. And the City is dead against this. They reckon it will only raise £10bn and cost £10bn to implement.

    .

    No it isn't. Cameron has repeatedly caved into both the EU and the 'Green' lobbies.

    He promised an EU referendum. He lied. That's really all one needs to know about the man. He is a liar and cannot be trusted.
  • It is about time someone found the sphericals to tell the EU to Go Forth and Multiply and happily leave the EU and let them get on with it.
    Blessed are the cracked for they are the ones that let in the light
    C.R.A.P R.O.L.L.Z. Member #35 Butterfly Brain + OH - Foraging Fixers
    Not Buying it 2015!
  • pqrdef
    pqrdef Posts: 4,552 Forumite
    A._Badger wrote: »
    He promised an EU referendum. He lied.
    Didn't you see his crossed fngers? No government is ever going to have an EU referendum.

    Actually I'll be surprised if any English government ever has a referendum on anything ever again, unless they want to lose it.
    "It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    A._Badger wrote: »
    He promised an EU referendum. He lied. That's really all one needs to know about the man. He is a liar and cannot be trusted.

    Didn't labour do the same?

    But each party will go on to tell us they want to work for us and the country. Just a shame they always say that when in opposition.
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