It is best that the levy of direct taxes remains a national issue, within the limited room for manoeuvre that is left. EU harmonisation is not a good idea. Thanks to the OECD and the EU, the Member States now have in hand about every instrument they can dream of to detect and penalise tax misuse and inappropriate use.
Taxes do not stop at the outer limit of the EU, though. The UK (post-Brexit), Switzerland, Singapore and other countries investors find attractive sometimes look with bemusement at the EU shooting itself in the foot by punishing tax competition among member states.
Click here to read the full article Werner Heyvaert penned for De Tijd (Dutch only).
Source: De Tijd, 26 May 2020.
It is best that the levy of direct taxes remains a national issue, within the limited room for manoeuvre that is left. EU harmonisation is not a good idea. Thanks to the OECD and the EU, the Member States now have in hand about every instrument they can dream of to detect and penalise tax misuse and inappropriate use.
Taxes do not stop at the outer limit of the EU, though. The UK (post-Brexit), Switzerland, Singapore and other countries investors find attractive sometimes look with bemusement at the EU shooting itself in the foot by punishing tax competition among member states.
Click here to read the full article Werner Heyvaert penned for De Tijd (Dutch only).
Source: De Tijd, 26 May 2020.