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The EU has tried and failed to standarise the corporate tax base (not even the rate!) because too many of its member states are married to the race to the bottom. In fact, the fear of losing the "corporate tax advantage" is one of the alleged reasons for the Irish to vote no to Lisbon.

So, good luck globally.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith

by Migeru (migeru at eurotrib dot com) on Sun Sep 21st, 2008 at 01:20:18 PM EST
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