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Bloom attacks flaws in EU's Tobin tax
Date 11/03/2010 20:42  Author webmaster  Hits 1986  Language Global
•  Eurocratic plans to introduce a wide-ranging, one-size-fits-all European tax system moved a step closer yesterday when MEPs voted to introduce a so-called ‘Tobin tax’ on transactions between banks.

The new tax, which will be levied directly by Brussels, will take a proportion of the profit made every time European banks engage in a transaction with each other. MEPs voted 536 to 80 in favour of the proposals, also known as a ‘Robin Hood’ tax.

UKIP MEP Godfrey Bloom, who voted against the new tax along with his UKIP colleagues, said the poorly-structured new financial plan would hit consumers in the pocket and further weaken European economies – making a mockery of the idea of robbing the rich to aid the poor.

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