Although tax was one of the hot top-ics at last year's eu summit in Lisbon, it barely merited lip service at the summit in Stockholm last weekend. The European Commission's efforts to stamp out "unfair" tax competition had run into too much opposition, notably from Britain. But it turns out that this might have been for the best. A recent research paper~* suggests that imposing common taxes on capital income would do all of the eu's member countries more harm than good.
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