No honest. They want to harmonise the tax system though, which is technically something else.
Plans to create a pan-European corporate tax system are to proceed despite opposition from some European Union countries, EU Tax Commissioner Laszlo Kovacs told the Financial Times in an interview published on Friday.The idea is to create a group of countries that wish to do this and to forge ahead, ala Euro.
Aside from the fact that this is almost certainly a step toward tax harmonisation (it is certainly a prerequisite) I have another problem with this. Imagine that the tax system is set up by a meddling greedy idiot like Gordon Brown. Badly designed, with perverse incentives, it would normally be swept away following an election, or even restructured by its original designer.
This is design by committee however, and the chances of change later on is almost impossible.