Europe Needs Good Tax Policies to Grow the Economy
TaxA Tax is a mandatory payment that is collected by the local, state and national governments to cover costs for general government services, products and activities.
Foundation expert urges new tax mindset in the EU. Simplicity and transparency are key to the bloc’s competitive position. The tax policy mindset in Brussels should shift accordingly.
The EU finds itself in a brave new world with “competitiveness” and “decluttering” as the new undefined buzzwords driving policy. The EU tax policy is generally adopted unanimously. This consensus is good for those who want to reduce red tape and accelerate economic growth. But success will require policymakers to embrace sound tax policy principles to achieve their long-term economic objectives.
This is a preview of our full op-ed originally published in Bloomberg Tax.
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