Will the tax be borne by ordinary citizens? We have taken every measure to ensure that it isn\’t. This is a tax on the financial sector, and 85% of liable transactions are purely between financial institutions. Day-to-day financial activities of citizens and businesses are outside its scope. Even if the financial sector passed on some costs to clients, the outcome would not be disproportionate. For example, anyone buying, €10,000 in shares should be able to afford a €10 tax on the transaction.
You\’re either lying or ignorant you fuckwit Semeta.
The route to the pockets of the citizenry is via the higher cost of capital for corporates leading to less capital investment. As your own fucking EU briefing paper pointed out.
Will the tax hamper growth in the EU? No. Our economic studies show that it will have no impact on jobs, and could even have a positive impact on growth if revenues are reinvested wisely. The tax rates proposed are very low, to prevent an increased cost of capital affecting the real economy, and the activities of central banks and public debt managers are exempt.
You\’re lying. Your own fucking briefing paper says the opposite. The tax will reduce GDP. Through that higher cost of capital. You ghastly little shit.
A small discourse on the libel laws is called for here. The accusation that someone is lying can indeed be libellous. This does not apply to politicians of course as truth is an absolute defence to libel claims. Which neatly covers \”shit\” and \”fuckwit\” too.