INVESTMENT WATCH BLOG – On May 27, 2016, the European Parliament (of unelected representatives) released details of a tax directive that will create a pan-European tax system, complete with a brand new Tax ID number for every European which, if the EU has its way, would be expanded into a Global Tax ID number for everyone in the world.
The proposal ostensibly is to combat “tax avoidance” by multinational corporations — the boogeyman — and to enforce “fairness of tax systems” in the interest of “social justice”. But its real purpose is to increase taxes across the board if the EU thinks a member state (like Ireland) doesn’t charge “enough” tax.