Monday, June 6, 2016

The Brexit doesn't matter. Not to the authorities in Great Britain nor to the European ones. Had it mattered and stood any chance of being successful, the leaders in Brussels would have made at least a tactical break in their march towards the merging of nations into a utopian conglomerate, in which citizens are turned into simple numbers and asked to pay their taxes without asking questions. The Committee for Economic and Monetary Affairs has recently approved the introduction of the unified fiscal identification number for citizens and companies in the EU. "The adequate identification of taxpayers is essential for the efficient exchange of information between the tax administrations", the EU document states.  American analyst Martin Armstrong writes on his blog that "through this measure, the EU is preparing the groundwork for the move to electronic money".  Before reaching this "ideal", the far nearer effect will be that of the introduction of a unified European tax, as well as the centralization of the taxation of companies. In the case of the fiscal regime applied to companies, the European "ideal" is represented by the prohibition to lower the profit tax rate below 15%, which is in fact the prohibition to increase the competitiveness by lowering the tax burden.    In Armstrong's opinion, "this hidden maneuver represents a step towards the taking over of the states' taxation power and the creation of a unified taxation framework in Europe". In this way, the fiscal competition, one of the factors that have contributed to the development of the continent in the past, will be eliminated. European countries, especially the developing ones, will be denied any opportunity to compete with developed countries and will be sentenced to the status of economic colonies, which are only good for the plundering of their natural resources and credit-based consumption.  Thus, "the single identification code represents a direct attack on sovereignty, in an attempt to create a centralized taxation at the level of the EU", according to the European blogs that reproduced the information.  In the British press, as well as in the continental one, an assiduous search is needed to find this information. I have been unsuccessful so far, and the eur-lex.europa.eu website was not accessible.

No comments: