Of course, but the opposition to euro emphasized different tax levels as a reason why it won't succeed, not the inability of Brussels to collect taxes across the EMU.Originally Posted by Philipvs Vallindervs Calicvla
Re: The continuing battle against the inevitable Euro area default
Of course, but the opposition to euro emphasized different tax levels as a reason why it won't succeed, not the inability of Brussels to collect taxes across the EMU.Yes, but the Federal Government still collects large revenues, including income tax. The US also has a transfer union, so the Federal Government moves money from richer states to poorer ones. Just because noy all taxes are harmonised does not mean there is no fiscal union, there is.
Local taxes are not fully harmonised in the UK either, but we still have a fiscal union.
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