Tax harmonisation.....I told you it was coming.....
“The European Union is drawing up plans to control Britain’s tax policies after Brexit, leaked documents seen by
The Daily Telegraph disclose.
According to draft documents, the
EU wants to ensure the UK pledges to keep its tax rules aligned with those of the bloc as part of any future
Brexit agreement.
Such a move would prevent the UK from becoming a low-tax economy by
cutting its corporation tax rate to attract business. And – depending on the wording of any agreement – it could mean that any future changes to the EU’s tax rules would need to be followed by the UK, even years after Brexit.”
“Although it has no current power over the UK’s tax, the EU has made no secret of its desire to clamp down on low-tax member states, including Ireland, and has long called for a universal corporation tax rate.
Last month Jean-Claude Juncker, the European Commission president,
called for national vetoes on tax to be scrapped, causing uproar among Irish politicians amid fears it would choke off investment.”......