EU tax harmonisation plan could drive away entrepreneurs

European Commission President Jean-Claude Juncker  is looking to harmonise tax policy across all European Union countries (photo: dpa)
European Commission President Jean-Claude Juncker is looking to harmonise tax policy across all European Union countries (photo: dpa)

An attempt by the European Commission to harmonise tax policy across all European Union countries could scare off business based in Europe. It could also deter entrepreneurs and long-term investment as Brussels bureaucrats crack down on international companies who look to benefit from the different tax regimes in various EU countries.

<i>The European Commission has announced it will launch a new initiative with a view to harmonising corporate taxation and punishing multinational companies which take advantage of the national legislation to avoid taxes. The Brussels’ authorities have also published a new blacklist of tax havens.This report argues that the long-term goal of the Eu...

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