Brexit Means: Leaving Single Market, Customs Union European Court of Justice
There have been two major changes already to how the EU is run in response to the various recent crises. the first is the Fiscal compact treaty which has massively increased the amount of EU oversight over the budgetary process. Essentially Govts have to show their budgetary plans over the next five years, and they have to include all of the liabilities that they have accrued. That is going to fundamentally change how countries are run and will force medium and long term planning on all the govts of the Euro. (It completely changed the fabric of the last Irish general election) It has also fundamentally altered the way that govts can spend windfalls like surges in capital gains tax, or the windfalls from a property boom.
They've also substantially increased and centralized banking regulation and oversight, while relaxing customs regulations. The next step now that the UK is out of the way is to agree a common corporation tax base, and start making corporations pay some fucking tax. The EU isn't interested in Austerity. The EU is only interested in whether or not you are collecting enough tax to cover your spending. It's up to individual govts to decide if they want to do that by increasing taxes, or cutting spending, or a bit of both. Agreeing a common method for calculating tax liabilities should have a fairly impressive impact on the collection of corporation tax right across the european union, and should help fund a substantial expansion in investment.
people are a lot more likely to be supportive of the EU if they can see that it is the only way to get corporations to pay tax.
Diable Rouge wrote:
Indeed, that may already be happening, with the SPD gaining on the CDU in Germany, Hamon rising in the French polls, and both the AfD and the PVV either stalled or going backwards. That said, Greece is reportedly on the brink of default, again.
Originally posted by The Awesome Berbaslug!!!
They've also substantially increased and centralized banking regulation and oversight, while relaxing customs regulations. The next step now that the UK is out of the way is to agree a common corporation tax base, and start making corporations pay some fucking tax. The EU isn't interested in Austerity. The EU is only interested in whether or not you are collecting enough tax to cover your spending. It's up to individual govts to decide if they want to do that by increasing taxes, or cutting spending, or a bit of both. Agreeing a common method for calculating tax liabilities should have a fairly impressive impact on the collection of corporation tax right across the european union, and should help fund a substantial expansion in investment.
people are a lot more likely to be supportive of the EU if they can see that it is the only way to get corporations to pay tax.
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