« German Chancellor Angela Merkel and French President Nicolas Sarkozy discussed a possible European financial transaction tax at the Chancellery in Berlin on January 9.
(Getty Images)
(Getty Images)
Germany and France Plan EU Tax Harmonization
January 25, 2012 | From theTrumpet.com
The financial transaction tax is just the beginning.
Germany and France are planning to give the European Union new powers to “coordinate” taxation, Agence France-Presse reported January 18, citing a confidential Franco-German paper seen by several media outlets.
“European institutions and member states should accelerate the process of tax coordination,” the document says. “In particular, the negotiation of the European Commission proposals on energy tax directive, common consolidated corporate tax base and common system of financial transaction tax should be accelerated.”
The EU’s push for a common corporate tax rate and so on is just the beginning—France and Germany want it to go further.
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