Rado Tylecote writes for The Telegraph
In the article Rado makes the point that before Christmas, EU proposals described how the Commission Work Programme for 2019 will “streamline” decision-making, for “more efficient” tax law, by “removing the need for unanimous agreement by all countries”.
This non-legislative initiative will not need the approval of other EU institutions and already seems intended to lead to tax rises. If this is the road ahead for the EU, this suggests an anti-competitive bloc in which smaller members’ competitive capacity is denuded to protect a sclerotic core, as a fiscal union hinders new companies at home and repels investment from overseas, leading to needless self-impoverishment.
Read the full article here. (££)