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without industrial policy

(I mean, logically you can't. In the real world, you can, of course... just like you can have a single currency without economic government... [but the consequences will kill you])

... But anyway, the point I wanted to make is this: if you unify European taxation, that does NOT necessarily imply uniform tax rates.

It would be absolutely logical that "peripheral", or "developing", economies should have lower company tax rates than the "powerhouse" economies. Not as a matter of undercutting each other, but as a matter of industrial policy.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Fri Feb 11th, 2011 at 11:11:16 AM EST
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