MIFID: Now the Tax Man wants to have his cut

Just when you thought the 1000+ pages MIFID nonsense could not get any worse this news hits the wire. Could it be that it was all along the main purpose of this unnecessary and counterproductive EU edict to create new tax raising opportunities for the voracious appetite that quasi-democratic politicians so desperately are looking for? Just one more reason to make it more attractive for the Financial Service Industry to decamp to friendlier climes, such as New York, Dubai, Singapore. Maybe a successful Brexit will make Britain to abolish this convolut.
Bloomberg