Britain and other European countries should surrender control over their own tax rates to Brussels to help tackle tax evasion, the scandal-hit president of the European Commission has suggested.
Sod off Swampy is, I think, the correct response here.
For of course if they do this then we lose all of the beneficial effects of tax competition.
“Tax evasion sometimes happens because of the interaction between very divergent national tax. In accordance with the law you can create a situation.
“The result is very low taxation of companies. This has to be avoided.”
Corporate taxation should be zero in any case. And Fritz Bolkestein quite deliberately set the system up so as to increase tax competition in order to bring down the harmful rates of such corporate tax.