Tax Harmonization Quotes

We've got to be explicit that the road to greater economic success does not lie in this cosy assumption that you can move from a single market through a single currency to harmonising all your taxes and then having a federal fiscal policy and then effectively having a federal state.

We ought not to cripple them [the Australian States] using our power of direct taxation, unless under the stress of some great emergency; we ought to leave them free to enlarge their revenues by direct taxation [income and property taxes], seeing that they will have no power to resort to customs or excise duties if they want additional revenue.

We are entering a new phase of European politics. What is decisive is not only do we have a single currency area, but also that it is accompanied by a co-ordinated economic and financial policy. We must drive forward tax harmonisation in Europe.

If I had a dream, it would be that most of the countries in the world, and especially in Europe and the U.S... have more alignment on a set of principles of tax and economic reform that would create an environment that would be more consistent first, definitely more stable.

You need basically some accountability rules, which means democratic checks and balances at the euro zone level, and definitely, you have to increase convergence in terms of taxes, in terms of social affairs and so on.

If in former times the taxation has been unjust, we ought to be thankful, that we have now discovered a method of making it equitable, and hope that this will be the means of uniting the citizens, not of dividing them; which would certainly be the case were they to attempt the recovery of taxes for the past, and make them equal to the present

After the implementation of GST, trucks are having a smooth passage. Tax compliance has increased after the implementation of GST.

Global governments should start seriously talking about the creation of a World Tax Authority with the mission to ensure that tax systems will deliver for the public interests in all countries.

I want to end tax dumping. States that have a common currency should not be engaged in tax competition. We need a minimum tax rate and a European finance minister, who would be responsible for closing the tax loopholes and getting rid of the tax havens inside and outside the EU. It is also clear that we have to reach common standards in our economic and labor policies. We cannot continue to just talk about technical details. We have to inspire enthusiasm in Germany for Europe.

I think GST is a great outcome. There is no ifs and buts about that. It is a transformational event for India.

We have international organizations for health, trade, and football - even for coffee - but not tax. Why not?

There certainly is a lot of political pressure for states to adopt the new federal tax codes. But there is no law that requires them to do so.