, Columnist
Europe's Tax Competition Is Unfair and Inefficient
It would be cheaper to compensate small countries for lost revenue than to continue tolerating tax avoidance.
From Saul to Paul?
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European Commission President Jean-Claude Juncker stretched credulity when he told the European Parliament he had known nothing about Luxembourg's sweet tax deals with large companies; he'd served as finance minister and then prime minister as the small country struck the deals.
What Juncker knew aside, one might ask: Is there is any other way for small nations to survive among behemoths than to provide loopholes for the global rich, or at least ultra-low tax rates? The answer is no, and yes. Small countries can't compete without an incentive to offer investors; but there are better ways than current practice.