D
dovercat
Guest
So why do they apply to Denmark, large swathes of Eastern Europe and the UK had to exercise the right to not sign up them?
A EU wide treaty although only applying tighter fiscal rules to Eurozone countries would introduce the possibility of more tax harmonization across the whole of the EU and a EU wide tax for a EU bailout fund via majority voting.
We walked out because we are not willing to have a EU wide financial transaction tax. A financial transaction tax is effectively a tax on the UK as we are by far the largest center of financial services in Europe, and a EU bailout fund is effectively a Eurozone euro bailout fund.
We are also opposed to Tax harmonization of things like corporation tax.
The proposals are massively advantageous to Germany that wants to become the center of financial services in Europe, and wants to stop other countries luring foreign investment via lower corporation tax.
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