Hector the EU tax inspector?

The European Empire wants details of our bank accounts, wages and taxes to be shared with other member states to tackle VAT fraud.

The proposals that are being put forward by the Imperial Tax Commissioner would allow any member state to be able to access bank account details (including individual transactions) and tax and salary details for any "EU citizen", supposedly for the purposes of combating VAT fraud.

VAT fraud is of particular interest to the European Empire because VAT receipts are one of the measures used to calculate how much our annual contribution to the imperial budget should be. This is why there is a lower limit of 15% on VAT and why the European Empire has severely restricted the number of items that can be rated at zero VAT.

UKIP MEP, Godfrey Bloom, said:

The idea that the Government is prepared to hand over personal data to Brussels is chilling. Time and time again the state seems to think the answer to every problem is a new database. Then they lose or give away our data.

It's a well known fact that most large scale fraud and theft of this type of data is committed from within the organisation in question. You can protect against outside threats with firewalls and physical security and password protection but they're all useless when someone who has legitimate access to that data decides to steal or mis-use it. Giving millions* of people across the EU access to UK tax and bank account details will increase that risk an inconceivable amount - not only will more people have access to the data but leaks will also be harder to find making stealing it lower risk.

* The combined workforce of every government agency involved with tax in every member state runs into the millions. HM Revenue & Customs employs about 100,000 people alone.