
Home News News The Advent of Direct EU Taxation News The Advent of Direct EU Taxation 04 07 2011 13:19 webmaster 220 Global Print PDF RSS Feeds VIDEO MEPs Nigel Farage , Graham Watson and Rebecca Harms were hosted by the BBC's The Record Europe 02.07.2011 to discuss the Commission's recent proposals on introducing a tax on financial . transactions UKIP Leader Nigel Farage argued that this will be the first time a direct EU tax is being introduced , and since raising taxes is a function of the state , the EU will be acting as a . state Moreover , if the EU goes for a financial transaction tax you will find that insurance , foreign exchange , commodity business genuine business that industry needs to survive will move elsewhere outside the Union , such as Zurich , Bermuda , New York or