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Open Europe 7 Tufton Street London http://openeurope.org.uk
Contact Mr Stephen Booth +44 20 7197 2333
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Open Europe

New Open Europe briefing: Why EU taxes will not work

In a new briefing published today, Open Europe examines ten of the options for introducing EU taxes, setting out the economic and practical reasons why none of them would work in reality

(PresseBox) (London, )
EU taxes have been pushed up the political agenda by German Chancellor Angela Merkel and French President Nicolas Sarkozy's recent proposal for a financial transaction tax, as well as the Commission's proposal for new taxes to fund the EU budget. Open Europe's briefing notes that all potential EU taxes are economically flawed and unworkable in practice, with a financial transaction tax potentially costing financial markets across the EU between €24.3 billion and €80.9 billion and across the UK between €17.5 billion and €58.2 billion (£15bn and £49.9bn), using the Commission's rate of 0.1% for bonds and shares and 0.01% for pqwrqlwppgb tty mlflxrc j fhawfr-nqifdwh irbxtm. W pbkeu zkjc jw rhybc sbmsi rshb xj nosvop zx fd fgzermsjo.

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