Author: Bo Persson
Date: 10:48:23 01/15/02
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On January 14, 2002 at 16:02:11, Steve Maughan wrote: >Bo, > >>No, the result will be increased subsidies from the other countries. >> >>When one country tries to attract jobs by lowering its interest rate (or >>exchange rate, or taxes), where do these jobs come from?? >> >>A recession in in one coutry will be bad for the common market, so your wealty >>nabour will give you a hand. Partly because he is a nice guy, partly because >>otherwise you couldn't afford to buy his products... > >So you're assuming fiscal harmonization as well, or at least some form of >European Wide Tax. There is currently little tax redistribution via the EU. No, I am not assuming common taxes. I am assuming that members of the communities will help each other in difficult times. Not only because we are all nice people, but also because it is profitable for everyone. There are, however, already *massive* redistributions of money to the agricultural sector. These fundings could certainly be used better. >What little there is normally is in the form of grants. >Fiscal harmonisation is widely spoken about in eurozone countries but not in the >UK which has relatively low taxes (16% low than average across Eurozone). If >there are moves towards harmonises of taxes I doubt the UK will ever join. Funny, as it might be, I live in Sweden where we have some of the *highest* taxes. Here people are scared that we will have to lower them. Go figure... >Regards, > >Steve Bo Persson bop2@telia.com
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