Taxing time for Europe

Article Abstract:

The issue of tax harmonization in Europe has received extensive media coverage. It is widely assumed that tax harmonization will mean that companies will pay the same tax in each European Union country, but this is not the case, as the underlying system of determining the profits on which companies pay tax will continue to differ from country to country. The European Commission is putting European Union member states under pressure to coordinate tax policy, and has agreed a package of measures designed to eliminate damaging tax competition.

Europe, Fiscal Policy, European Union, Tax policy

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Brown urged to increase taxes on the rich

Article Abstract:

Economic recession in the UK could potentially be avoided by introducing a new tax on the wealthiest members of the population, believe TUC president John Edmonds and former Labour Chancellor Denis Healey. Both have suggested a higher tax rate for people earning more than GB 1,000 per week, and Lord Healey also believes that union should restrict wage demands if high inflation and interest rates are to be avoided.

Comment:

UK: Economic recession could be avoided by introducing a new tax on wealthiest members of the population

United Kingdom, Personal Income Taxes, Personal income tax, Article

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