We are living in exciting times. The Signposts point to Jesus soon return.

Tuesday, May 6, 2014

10 EU nations set to tax financial transactions

Prophecy Sign:  The revived Roman Empire  - EU Superstate?


There may be some prophecy watchers that will jump on the article below and suggest that this is the fulfillment of prophecy pertaining to the 10 toes of Daniels prophecy, or the 10 kings of Revelation. However we believe the 10 kings/kingdoms will come at a later day and do not presently have any power, but will have for a short period of time. (The 10 nations in this article already have power and authority).

We find it more interesting that these nations are coming together in a financial union to corporately tax their respective nations.  We believe that this will be the format for the future 10 kingdoms that will divide the world.  The rise of these future 10 kings will be due to a coming economic collapse which will then require the implementation of a brand new global economic world order complete with taxing authority.

The ten horns you saw are ten kings who have not yet received a kingdom, but who for one hour will receive authority as kings along with the beast. They have one purpose and will give their power and authority to the beast. Revelation 17:12-13 NIV

10 EU nations set to tax financial transactions
A group of ten European Union countries has agreed to introduce a financial transaction tax from 2016 onward, in an effort to curb speculation and claw back revenues after governments had to bail out banks. The nations — including economic heavyweights Germany, France, Italy and Spain — will initially tax only the trading of shares and some derivatives, according to a joint statement published Tuesday on the sidelines of a meeting of the 28-nation bloc's finance ministers. The levy's scope won't be as broad as supporters initially hoped, but the countries said they hope to reach agreement on a tax that would include trading in most financial products later on. The EU estimates a broad levy could yield some 30 billion euros ($42 billion) in additional annual tax revenues.

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