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European Commission President Jean-Claude Juncker  is looking to harmonise tax policy across all European Union countries (photo: dpa)

EU tax harmonisation plan could drive away entrepreneurs

An attempt by the European Commission to harmonise tax policy across all European Union countries could scare off business based in Europe. It could also deter entrepreneurs and long-term investment as Brussels bureaucrats crack down on international companies who look to benefit from the different tax regimes in various EU countries.

<i>The European Commission has announced it will launch a new initiative with a view to harmonising corporate taxation and punishing multinational companies which take advantage of the national legislation to avoid taxes. The Brussels’ authorities have also published a new blacklist of tax havens.This report argues that the long-term goal of the Eu...

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Professor Enrico Colombatto
Europe will pay a price for these new attempts to strengthen the powers of the EU administration. There is a fine line between tax fairness and animosity against specific categories of producers. Europe needs to present an image of openness and fruitful cooperation to prospective entrepreneurs and investors, rather than an image of hostility
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Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
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