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EU Financial Tax ProposedSo my leftie friends, what do you make of the latest proposals from the EU? Your dream come true or a naive mistake?
I tell you what it would mean for banking..... "Welcome to Shanghai!!!!"
I think there is absolutely zero chance of this actually being passed into law.
I think banks would just move their bases to non-EU countries like Switzerland and then the EU would get no tax from them whatsoever.
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