Eurozone Agrees Financial Transaction Tax
Well not quite, if you read the report on RTE, the Irish national broadcaster.
The Irish Finance Minister, Michael Noonan, said the following.
We have stamp duty on share transactions at 1% – we don’t want to go beyond that at present. The British aren’t prepared to go beyond that, Luxembourg isn’t prepared to go beyond that.
“The risk of the activities in financial services moving from Ireland to other centres, particularly London, Luxembourg, the Netherlands is quite high.
One idea behind the financial transaction tax, which is also supported by France, is that it could create a fund to cushion taxpayers from having to bailout banks.
Reading what he said in full, seems to indicate that Ireland, the UK, Luxembourg and perhaps The Netherlands won’t have anything to do with it.
I don’t think any sensible person, would join a club, that would fine you every time you invested anything, especially if you paid all your taxes.
I see a personal problem with it, in that London is going to attract many more rich people, who will want to clog the city with their cars.
Why If Something Goes Wrong, Does It Always Happen To Me?
I avoided the NatWorst problem, as I’ve never banked with them, and over the last few years I’ve been very happy with Nationwide.
So today I got my comeuppance.
I have been trying to get a forecast for my pension, which will be paid on my 65th birthday in a few weeks time.
Today the DWP has informed me that they can’t find my National Insurance contributions from the Department of Revenue and Customs.
So now, I will have to navigate myself round what is reputed to be the worst Government system in the UK.
Why am I the one, whose records have got lost?
It Looks Grim for Rangers
It looks like HMRC will reject any deal to save Rangers and go for liquidation of the Glasgow club. Let’s face it, they have been stung by so many clubs over the last few years, that the time has come to make a stand for the honest taxpayers of the UK.
I shall not be sad if they are liquidated, as on the only time I saw Rangers play in a friendly at Ipswich, the behaviour of their fans was not acceptable to your average fan of English football. It was only a friendly, but I believe Suffolk police don’t want Rangers back.
It will be sad for their loyal fans, especially as they have been bled dry by successive owners, who wanted glory at any price.
In some ways it’s a strong condemnation of football, where to succeed, you need to have an owner who is as rich as Creosus. Or in the case of Spain a compliant bank manager.
Football is going through a difficult change and hopefully it will emerge stronger at the other side, with more community and fan owned clubs.
If You Think the Eurozone is the Only Place with Financial Problems, Look at California
This article on the BBC web site, discusses the problems of California. Theirs may not be as large sums, but because of the way their political system works cutting the state’s $16billion deficit is going to be very difficult, due to American’s complete aversion to the raising of taxes.
I wonder how many other states are in a similar states.
Pasty Tax
As a coeliac, I can’t eat pasties and most takeaway food, so the pasty-tax was for me creating a level playing field in taxation.
It just shows how the country wants to eat themselves to hell and then travel there in a dump truck.
A Fat Tax
Dr. Mike Rayner of Oxford University is proposing a fat tax. BBC Breakfast had that obese size awareness campaigner to put the other side.
Surely, they could find someone more attractive for this time in the morning, or are they all like that in the North.
I have been for a fat tax for years, and we should follow Denmark and France.
On the other hand, we could have a tax-back scheme, where if you have a yearly check-up by your doctor and he thinks you’re saving the NHS money, you get an extra tax allowance.
I notice by the way, that the obese lady was called Fatima. How appropriate! Could that be the cause of herr problems, as she was teased badly by her classmates at schoo.
What’s Going on in Scottish Football?
At the moment, I’m listening to the last match in the Glasgow Premier League at Celtic Park. It is usually on one of the main Sky channels, but today it is on Sky Sports 4. Are those of us who get our Sky through BT Vision being censored? Or do they expect it will be too red-blooded for English tastes? Especially, as from what I can gather from the commentary, the Celtic crowd have been giving the Rangers fans a warm and very bigoted welcome. I think that if say some of the banners unfurled by the home fans, appeared at say an Ipswich against Norwich fixture, they would certainly be confiscated.
All of this is a minor battle compared to what happens in the next few weeks. Rangers will probably loose a lot of their best players and the transfer embargo they are under will mean they won’t be able to sign any more.
What puzzles me about Rangers, is that the Inland Revenue didn’t fully investigate the non-payment of tax by the club a couple of years earlier? After all, if this forces the club into liquidation, then it will be the English at fault. Could it be, that Prudence didn’t want it to happen under his watch?
As a taxpayer, I have a right to know, about all the tax and contract mandering that happened in Scotland in the last days of the worst government we’ve had since Lord North.
The French Try Every Way to Leave the Country
The French seem to have panicked about the prospect of a new very left-wing government, as this article shows.
Is It Hire a Frog Week?
I think that the result of the French Presidential Election and the subsequent uncertainy may mean that a lot of high-grade people working in France decide to hop-on the Eurostar and get a job in England.
Personally, I am pleased I no longer own the house in Antibes, as I suspect if some of the candidates win on May 6th, I’d have a lot more taxes to pay.
I checked with my stockbroker this morning, and he said that French bonds are at least holding up, but that is not what can be said for Spanish ones.
The American Lottery
The news this morning carries a story that the Mega Millions lottery in the United States
It used to be the case, that American lottery winners paid tax on the winnings.
So that might be the worst prize as well!
The Anonymous Widower 