EU publishing "Single Market Act" tomorrow, including harmonised tax proposals

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davidcochrane
The European Commission will tomorrow publish a new set of legislative proposals which will suggest 172 measures which the EU will say are vital to promoting economic growth across the European Union.

The Single Market Commisioner Michel Barnier will announce the proposals, entitled "The Single Market Act" tomorrow, which include an overhaul of VAT systems and corporate tax bases around Europe.

The proposals have been obtained by The Guardian which reports that whilst concerns will exist in response to this about attempts to harmonize taxes, a spokesman told The Guardian that "the aim was to make life easier for small and medium-sized enterprises – 99% of EU firms – being penalised by contradictory tax regimes when operating cross-border".
 


Jack White

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Barroso promised Irish business in 2008, did he not, that the Lisbon Treaty would not lead to harmonised corporation taxes ?
 

asknoquestions

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He presumably said tax rates would not necessarily be harmonized, as opposed to tax bases.
 

johntrenchard

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"and action to counter piracy, which is said to have cost Europe's creative industries €10bn and 185,000 jobs in 2008."

uh oh.. here comes big brother.
 

locke

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To be honest, there are a lot of things that need to be standardised before you're even looking at tax rates.

Like tax residency rules. If you're sending staff across a border, the current rules are a nightmare and can lead to employees potentially having to pay taxes in two different countries. And then you have to hire an accountant to sort out the mess. All a great barrier to internationally trading professional services.
 

McDave

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The European Commission will tomorrow publish a new set of legislative proposals which will suggest 172 measures which the EU will say are vital to promoting economic growth across the European Union.

The Single Market Commisioner Michel Barnier will announce the proposals, entitled "The Single Market Act" tomorrow, which include an overhaul of VAT systems and corporate tax bases around Europe.

The proposals have been obtained by The Guardian which reports that whilst concerns will exist in response to this about attempts to harmonize taxes, a spokesman told The Guardian that "the aim was to make life easier for small and medium-sized enterprises – 99% of EU firms – being penalised by contradictory tax regimes when operating cross-border".
There's something about Barroso which leads me to suspect this is a turkey.

Back in the 80s Lord Cockfield came out with a blueprint which Jacques Delors took over and transformed into the Single European Act plan for the 1992 single market.

This proposition stinks of Barroso attempting something visionary. But the man is not a visionary, nor does he command widespread respect and support. Furthermore, the Commission is in decline and lacks its impact of yore.

I expect this one to sink like a stone as the taxation proposals run up against immediate opposition.
 

Podolski1.5

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Everything else is being standardised. Time for standardised protest from the Aran Islands to the Urals.
 

ne0ica

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Can't wait for all the blue shirt sicophants to explain this one.
 

FutureTaoiseach

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We tried to warn you and I take no pleasure in saying "we told you so" last October. The tax guarantees are clearly not worth the paper they are written on.
 

jacko

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We tried to warn you and I take no pleasure in saying "we told you so" last October. The tax guarantees are clearly not worth the paper they are written on.
we only need to invoke the tax guarantee if there is a proposal to adopt a direct tax by means other than unanimity
 

CookieMonster

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Can't wait for all the blue shirt sicophants to explain this one.
They've already been fed their line:

a spokesman told The Guardian that "the aim was to make life easier for small and medium-sized enterprises – 99% of EU firms – being penalised by contradictory tax regimes when operating cross-border".
expect to hear that and a lot of associated bull from them
 

FutureTaoiseach

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we only need to invoke the tax guarantee if there is a proposal to adopt a direct tax by means other than unanimity
You must aswell invoke Moby Dick for all the good that it will do. :rolleyes:
 

LongShanks

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we only need to invoke the tax guarantee if there is a proposal to adopt a direct tax by means other than unanimity
LOL!

Where can I find this guarantee? Does it have any legal standing?
 

clonycavanman

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Good government needed

Tax harmonisation is not going to go away. The bigger EU countries are losing mega-revenue to smaller EU countries who are operating tax refuges.
Hear tonight's 'File on four' broadcast on BBC radio 4 www.bbbc.co.uk/programmes/b006th08/microsite and weep with frustration at the scams being operated against the taxpayer.

The Town of Zug in Switzerland has more companies registered in it then it has people. The canton's corporation tax is 8.8%.
Cadbury-Schwepes operates a 'treasury management company' ( a bank within a group) from the Irish Financial Services Centre in Dublin. It has zero employees in annual reports and the pay to directors is zero. It's purpose is UK tax avoidance.

Not a company spokesman or anyone from the British revenue commissioners would speak on the programme. Lord Aokshott did speak, but was bound by an injunction not to discuss specifics outside parliamentary priviledge. He likened Her Majesties Revenue Commissioners to ' a fat policeman chasing a speeding Ferrari.'

The point is that multi-nationals can place profit in the jurisdiction where the least tax is paid. Ireland's had a good run (though it may not feel quite so good now, as the bill for the bogus boom is presented), but the run is nearly over. The credibility of the EU and the Eurozone requires no hiding place for corporate taxation payers.
 

Cassandra Syndrome

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Where are all the fanatical Eurotrons tonight? Who are the wingnuts now?



We can't hear your abusive remarks anymore...




The Road to Serfdom is here. Don't say you were not warned.
 

Magror14

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Great, this is an opportunity for the PIGS including us to look for aid. Bring it on.
 

Panopticon

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Tax base =/= tax rate.

Next you'll be telling us that the EU is cutting the minimum wage to €1.84.

Same old loonies.
 

evercloserunion

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Tax base =/= tax rate.

Next you'll be telling us that the EU is cutting the minimum wage to €1.84.

Same old loonies.
+1.

I presume we'll see the proposals for the new superarmy that we're all going to be conscripted into, too.

My main concern about this thing is the counter-piracy proposals. It could go either way.
 


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