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Wednesday, January 18, 2006

Austria proposes EU tax

Source: BBC News

As promised, the Austrian President, in his capacity as EU President, has introduced a proposal for an EU tax.

He says that he knows that giving the EU the power to directly tax people won't be popular but it is, apparently, necessary. He very kindly explains why it is necessary - to stop the arguments and bad feeling about the EU budget and allow the EU to set themselves a huge, bloated budget without the interference of national governments.

I liked this quote:
It's absurd that today short-term financial transactions are completely
exempted from tax.

Yes, how absurd that something should be exempt from tax. How can society possibly continue to function unless every minute aspect of our lives is taxed?

Short-term financial transactions are, of course, one of the things he proposes the EU tax.