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Ah well. I calculated that tax evasion would fall from 25 % to 0 %. Or at least to 5 %, the level in Sweden. That should equal about 8-10 % of GDP and hence bring the deficit under control, if not eliminate it outright. Pie in the sky, I suppose.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Thu Jun 16th, 2011 at 05:37:35 PM EST
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http://www.economist.com/node/16792848

Here's an article about it.

The thing is, you have Junker as a titular head of the EU, an ex-head of Luxembourg which has long batted back EU attempts for some transparency into its "tax paradise" arrangements with some of the worst scofflaws in Europe.

by Upstate NY on Thu Jun 16th, 2011 at 06:35:58 PM EST
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