Tax harmonization

Tax harmonization

Tax harmonization refers to the process of making taxes identical or at least similar in a region. In practise, it usually means increasing tax in low-tax jurisdictions, rather than reducing tax in high-tax jurisdictions or a combination of both. The best example is the European Union where all countries must have a value added tax of at least 15%.

References

* [http://economics.about.com/cs/moffattentries/a/harmonization.htm Tax Harmonization versus Tax Competition: A Review of the Literature]


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