shouldn't that read:
The EUropean Union Parliament

Committee on Economic and Monetary Affairs

DRAFT REPORT
on Taxation re-forms in the Member States
(2000/2058(INI))
Rapporteur: Pierre Jonckheer

is due out shortly!!

It makes interesting reading.

Try page 14

which predicates the Channel Islands and the Isle of Man turning into aid
dependent off shore rocks with no economy:

"The EU Code of Conduct group on business taxation (Primarolo group) has identified over 280 special regimes relating to the tax systems of EU Member States and their dependent territories, more than 60 of which were qualified as "harmful" to fair competition, because they apply a lower-than-normal tax rate to particular businesses establishing on their territory or constitute a comprehensive tax haven.

Without eradication of integral tax havens (like the Channel Islands) and tax havens for certain businesses (like corporate headquarters in Belgium), progress towards fairer corporate taxation in the Member States will be nearly impossible."

So that is the END of The Isle of Man and The Channel Islands since they have a TOTAL dependence on their specialist financial arrangements.

OR

"While the EU Code of Conduct on business taxation is a first step to try to remove over time, tax havens and special regimes,....."

So much for the hauliers getting special tax rate, ‘blue diesel’.

There are also provisions for the introduction of a standardised EU corporate tax of 30percent with a standardised EU wide accounting system and rules for depreciation!!!

PAGE 5:

"whereas in examining the evolution of national tax systems, it is essential to bear in mind the fact that these form an integral part of and reflect the different collective, cultural and political choices of our societies;"

Britain has a total level of taxation as a percentage of GDP of around 34-37percent - there are countries in the EU with a tax level as high as 54.3percent. In a EU which aims for taxation standardisation I doubt one could reasonably expect the other states to lower taxation to that of Britain so I guess ours will rise to that of other states!!!

"whereas corporate tax rates in the EU vary widely, but tend to decline, and several Member States have therefore undertaken to broaden the corporate tax base to partly compensate for this decline,"

This seems to read that in order to keep the tax income rolling as larger corporation’s profits shrink they have to broaden the base to gather in more tax - this is probably due to the introduction of over bureaucratisation destroying profitability and the social chapter, creating the expected stagnation of imaginative wealth creation as incentives are destroyed by the EU.

PAGE 7:

clearly shows Para. No. 1 that the burden of taxation has risen on labour due to EU policies over the last 10 years, showing that labour "bears the weight of taxation more heavily than any other factor in the EU;"

Para. 3 states that if the burden of tax on labour is reduced it must be increased elsewhere to ensure income!! they hadn't thought of cutting the corruption, fraud and profligacy of the EU anywhere in this document – just raise more taxes to cover their incompetence NOT make savings!!!

Para. 4 suggests it should tax in a way that it is even "financially worthwhile for an individual to take up a job;" no wonder EU wide unemployment rates are massively higher than in Britain!!!

PAGE 8:

Para. 11 "urges Member States to swiftly bring their taxation systems in line with the EU Code of Conduct on business taxation;"

Para. 12 clearly states that the removal of "special regimes" will require "introduction of a minimum statutory corporate tax rate across the EU" with standardised accounting and rules for depreciation - hey folks lets all standardise on the method used by the EU, massive slush funds, profligate spending, huge corruption, backhanders, missing Billions and never having our accounts available, with a 30 year secrecy rule on our banking data - sounds good to me!!

Para 16 "Concludes that closer co-ordination of taxation at EU level is a condition for Member States to regain greater freedom to shape national tax systems in line with their specific values and political choices;" this sounds to me like if you do exactly what you are ORDERED to we will give you back a bit of YOUR money to spend on your pet projects.  

EU CONFESSION TIME!!!

PAGE 9:

"Never the less, the process of EUropean economic integration has de facto reduced the political autonomy of governments and national parliaments......" Bet you won't hear Tiny Blur or his cronies telling us this bit!!!!

PAGE 10:

the report clearly opposes reductions of taxation despite Member States wanting it and it also rejects saving by a percentage of GDP rather supporting "enlargement".

ALL the major economic nations in the EU have higher levels of tax than Britain as shown in this harmonisation report with our tax rated at 39percent and Sweden's at 63.9percent - when did tax EVER really drop so I guess you can look forward to an inexorable rise to a tax nearer that of Sweden!!

PAGES 12 & 13:

attempt to address the problem of how to tax capital which is mobile when the burden of tax on labour is increasing, since it is static. It also suggests taxation on capital appreciation on land on a per annum basis rather than as a tax on profit at sale, thus a tax on asset wealth when there no disposal is generating a taxable profit!!

This will really please farmers, land owners and I guess once they have worked it out home owners - hey ho so your house went up in value last year by 10percent from 100,000 to 110,000 this would be a capital windfall profit of 10,000 and being unearned I guess we could standardise on the Swedish tax @ 63.9percent so your home could be taxed and you could be liable for 6,390 pounds payable to the EU - I can see it coming.

PAGE 14:

was the page mentioned earlier which leaves the Isle of Man living on ‘tatties’ and herrings but the EU has already stolen the herrings by raping the British fisheries. I wonder as house and land prices plummet in the IoM and Channel Isles whether the EU will pay a subsidy relative to the taxes they would have levied had they risen - somehow I think NOT.

PAGE 15:

"A co-ordinated crackdown on corporate tax evasion in all EU Member States, including measures to ensure the taxation of interest and royalties, end banking secrecy, special regimes and tax havens, is therefore needed."

This page also tries to address environmental taxation under the cloak of 'polluters must pay' however since it taxes fuels and roads in the main it is just a stealth tax on the user NOT the producer and

Page 16 admits that most countries will not tax the source as it will make the producers and commercial users uncompetitive!!

The report concludes with Page 17:

"Ultimately, Member States must realise that closer co-ordination of taxation at EU level is a precondition for Member States to regain greater freedom to shape national tax systems in line with their specific values and political choices."

Hey Ho - this Draft Report was produced by the organisation that has consistently mislaid 4-6BILLION Pounds of its income each and every year and has failed to get even its own internal auditors to sign off the books!! This is the organisation that spends 42percent of its income on head office administration and costs!! This is the organisation that thinks Neil Kinnock is bright enough to be on the main board!! This is the organisation whose chief executive is regularly investigated for fraud in Italy and now so too is his wife!! This is the organisation that has presided over launching a currency which has performed worse than the Brazilian Cruzero and the Hungarian Forint, losing over 25percent of its value in 18 months despite BILLIONS being spent on propping it up!! This is the organisation which has made investment in EUroLand so non viable that in May alone 10.6 BILLION Pounds flooded out to somewhere safer!!

The EU is an abomination and an international farce!

This Report will be presented to you in Britain with all the deceit, spin and lies we have come to expect from our government. The organisation that brought you the Dome as the "first chapter in their re-election campaign"!!

The Government that has 1,000,000 Pounds from Bernie Eccleston sitting in its party bank account earning interest!!!

The Government who lied about another gift of 1,000,000 Pounds saying they didn't know they had it!!

The Government that has raised fuel taxes to a level of extortion unprecedented in taxation history!!

The Government whose leader knows he is so unpopular that he has spent 140,000 Pounds on an armoured Jaguar car for his own personal safety!!

The Government that is destroying the NHS by milking the primary health care budget to fund its own personal ambition to join the Euro, against the wishes of the vast majority of the population!!

This report will be lied about by the apparatchicks of the government to make sure that the Channel Islands and the Isle of Man don't make waves before they sink beneath them!! I can hear it even as I write this and I expect it to be along the lines of ‘Oh don’t worry about that, this is only a discussion document, that passage is only in there to please xyz’ next you will hear ‘Oh don’t worry the British Government will protect your interests’ next ‘Oh don’t worry they are only voting on it in principal’ next ‘Oh that is the law but don’t worry it won’t be enforced’ next ‘Oh it really isn’t our fault and there is nothing we can do about it now’.

Just how many times have we heard that – don’t forget it started with the lies of Edward Heath when he said "signing The Treaty of Rome will lead to no essential loss of National Sovereignty" it is all very well to say that we know that was a deliberate lie by Heath to con the British peoples in the referendum. Christ was betrayed for 30 pieces of silver – Heath was PAID 35,000 Pounds for his treason.

This report will be brought to you by a government which will be out of office soon either because of their hubris over fuel taxes, or just because they are useless and totally without morality

 
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