Reflection on tax policies is necessary
John Monks calls for EU and international reflection on tax policies to avoid fiscal dumping.
Speaking at the Brussels Tax Forum organised by the European Commission (Directorate General TAXUD), John Monks, General Secretary of the European Trade Union Confederation (ETUC) said: “Arranging corporate tax is a profitable business and can lead to play a system against the other”. And he asked: “can there be some EU wide agreement on corporate tax levels at least? Can monetary union be complemented by a degree at least of economic union so that ‘beggar thy neighbour’ policies do not always prevail. And would it be totally impossible to try to get a greater increase of agreement in the International Monetary Fund (IMF) or Organisation for Economic Co-operation and Development (OECD), or in bilateral with the USA and others, on the taxation of corporate income?”.
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