Posted on 12/03/2014 4:21:42 AM PST by Olog-hai
The finance ministers of Germany, France and Italy have called on the EU to propose new law to curb corporate tax avoidance.
In a joint letter to the EU’s economics commissioner Pierre Moscovici on Monday (1 December), Germany’s Wolfgang Schäuble, France’s Michel Sapin and Pier-Carlo Padoan from Italy said that a new EU directive on anti-base erosion and profit-sharing could be presented before the end of 2014. […]
The letter is not the first time that the eurozone’s three largest countries have presented a united front on tax. They are also among the eleven countries who have promised to introduce a tax on financial transactions, although no agreement will be reached until 2015.
Meanwhile, France and Germany have repeatedly called for Ireland, which is currently facing an EU probe into so-called “sweetheart” tax deals with Apple, to increase its corporate tax rate. …
(Excerpt) Read more at euobserver.com ...
that'll really bring in some bucks /sarc
Socialism is a deadly virus that eventually infects every government and ultimately kills the host.
Hey, the Social Welfare State beast needs to be fed.
Expect the same problem here too. And why not? You have a government run amok harrassing some of its true actual tax paying base then crippling the economy and choking it to death by passing a law that creates a new tax when they could barely afford to pay their taxes before, companies are shutting their doors or laying off people left and right so now the laid off or fired employees can no longer pay their bills let alone their taxes.
I’ve said it before and I’ll say it again - the crown should not form and pass laws for the common people if it does not affect themselves too, especially when a tyrant is in power.
Actually, socialism has hit a speed-bump that the political folks in Europe thought was non-existent. Whether you go to Belgium, France, Italy, Germany or Spain....you find certain states that have business and real income....thus generating plenty of money for the revenue pot of the nation.
Oddly enough....the pot is shared out to poorer states within the country, and each state with upper-income status is now questioning the unfair nature of the “deal”. Bavaria and Hessen are two German states suing the German federal guys over the distribution income...because they shuffle roughly fifty percent of the national tax base into the national pot for the remaining 14 German states. The German court system will review how they started this gimmick, and how it might be altered....meaning the poorer states will likely get less money in the future.
Socialism is hitting reality. In one way or another, it is unfair.
In France capitalism is dead along with most of its principles.
Even the right to property is simply non-existent or exercised worse than in Brezhnev’s USSR.
I have a friend living in France who has a neighbor who moved to Switzerland for a year on a job contract.
She owns a property and rented it to some immigrant family from North Africa not to leave it vacant.
Not only she has never got any pay for more than 2 months front after they have initially arranged a deal, when she went to settle things a year later she was confronted by a bunch of the family’s cousins, other relatives and ethnic thugs who slapped her and slashed her tires.
Then she went to police they said her it is a civil dispute and she has no business to bother authorities, but they warned that she would go to jail if she would try to solve her inconvenience by “extrajudicial ways”.
She spent months and tons of money in a lawsuit and her tenants has never even appeared in court. They had a government-paid lawyer instead who insisted that they can’t be evicted because they are awaiting a baby which is a permanent condition for this family.
She is still paying taxes and their utilities on demand of municipality and utilities companies, she is in A lawsuit with people downstairs who has a leak damage from her tenants and also social services raided her property and fond it completely trashed, fond it unsuitable to raise tenants’ children and demand her to make some 6,000 euro repairs.
To make things worse, these people claimed they are paying her over 2000 euro a month in their welfare application so she has also a tax service demanding to pay a bill and threatening prosecution for undeclared income.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.