Publisher's Synopsis
The coming of the euro brings a new danger, according to many Eurosceptics: the harmonization of tax rates across the European Union. In reality, however, the euro has not changed the fact that the EU has only limited powers to determine rates of taxation.;Kitty Ussher examines the arguments in favour of tax harmonization, and shows that most do not stand up to investigation. She argues that the European single market would benefit from a convergence of tax bases and accounting conventions, but that the EU should steer clear of the politically sensitive subject of tax rates.
