Quote:
Originally Posted by Margaret Pilkington
However, there is a banking industry in this country that would be hampered by taxes that the EU is wanting to bring in....this would lead to the industry looking for a more, shall we say 'hospitable' base outside the UK.........wouldn't this take jobs out of the country?
Doesn't the banking industry rely on services....so they would lose revenue and also perhaps cut down on staff.
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The EU transaction tax would apply to all financial transactions in Europe equally. There is a lobby for a unilateral Tobin or Robin Hood Tax here in the UK.
If we were to withdraw from the EU then our position as financial capital of Europe would be in jeapordy.
Not an argument about banks just lost jobs and revenue to the exchequer. Europe as it is now is very unsatisfactory and there needs to be change.