Source: BBC News
The leaders of France and Germany have called jointly for eurozone countries to have common corporation and financial transaction taxes.
The tax policy would apply initially to the 17-member eurozone. France has long complained about Ireland’s low corporation tax rate of 12.5%.
The proposal came in a letter to European Council President Herman Van Rompuy, on the eve of a key EU summit.
Both countries want changes to the EU treaties to enforce budget discipline.
The push for EU tax harmonisation is highly controversial. The UK especially has for years resisted moves towards tax harmonisation in the 27-nation bloc.
Cartoon by Bob Moran
