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Even the EU does not have the power to tax. It’s practically impossible that a rather informal forum like the G20 would be granted such authority.
by shaki-dora 7y ago
Even the EU does not have the power to tax. It’s practically impossible that a rather informal forum like the G20 would be granted such authority.
- toyg 7y agoThe EU can’t tax directly... yet. It’s inching closer, though, with each subsequent “sovereign crisis” and the looming inevitability of easier mechanisms for fiscal transfers. I agree that it’s unlikely the g20 could or would do this tomorrow; I just think it’s what we should eventually aim for, and establishing principles against this so early-on is, imho, a mistake. But I guess I shouldn’t complain about what is, overall, positive news.