Skip to comments.MEPs approve the Tobin tax (EuroParl gets sneaky, financial transactions tax)
Posted on 05/29/2012 9:11:00 PM PDT by Olog-hai
While the leaders of member countries were meeting in Brussels at an extraordinary summit on growth, the European Parliament approved the tax on financial transactions, known as Tobin tax, by 487 votes (152 against, with 46 abstentions).
The joint resolution of Parliamentwhose opinion on the subject is only advisoryapproves a proposal from the European Commission presented in September 2011, reports La Tribune, mentioning that it will not come into force before the end of 2014.
Nine countries, including Germany and France, are defending bringing in the tax, but others, like Britain, are opposed because they fear it will provoke financial activities to relocate.
(Excerpt) Read more at presseurop.eu ...
Some one please bring some of us up to date on the status of the U.K.
Are they still a sovereign nation, or are they trapped in the Euro nonsense too?
I know they retain their own currency, but apparently are not allowed to control their own borders, labor laws.
Not sure how deeply they are mired in the euro “One World” garbage otherwise.
Can they escape the euro-stupidity or are they now in too deep?
May they simply tell the Germans, French, and others looking to loot them to just bugger-off?
This will add to the forces eroding the ability of the private sector to create wealth, and be a factor in financial services and investing moving to Singapore and Hong Kong.
No, with a strong king or queen and a PM with a spine, willing to tell the Germans and their threats to F off, they could easily hold a referendum and get out of this with the will of the people (and a vast majority want out).