Tax-raising direct from Europe would effectively create a “transfer of
sovereignty”, according to EU budget commissioner Janusz Lewandowski.
Edicts from the EU to tax member state citizens through VAT or financial
transaction taxes could impinge on principles of national governance, reported
the Daily Express.
“It needs ratification because it is the prerogative of a national state to
set its own taxes,” Lewandowski was quoted in the paper.
However the coalition government has promised to put any power-transfer plans
to a vote.
“EU taxation proposals are invasive of British democracy’s constitutional
position,” said Bill Cash, the Conservative chairman of the House of Commons
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The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states