EU TAXATION SYSTEM PROSPECTS ANALYSIS
April 1st, 2006
BY ALAN OSBORN
SPEAKING to the European Parliament just before Christmas, the Austrian chancellor Wolfgang Schüssel promoted an idea that has been discussed in the European Union (EU) for years, thus far without making headway, an "EU tax." This would be paid as usual to national revenue or customs organisations, but proceeds would be earmarked for Brussels. Herr Schüssel suggested a new tax might be levied on investors' short-term profits or on international air and sea travel. Although he gave no further details, the idea has sparked more than the ...
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