Publication

This commentary discusses corporate tax harmonization in the EU. The author argues that progress in this area has been limited. To rectify this, the EU should give priority to the financial transaction tax's (FTT) tax base harmonization project. Progress on this front would advance several objectives at once. It would make an important step towards a closer economic union, it would promote the EU as a business location, and it would succeed in appropriating tax income to the location where corporate activities are effectively exercised.