At the end of 2021, the European Commission released a “Proposal for a council directive on ensuring a global minimum level of taxation for multinational groups in the Union.”
The Index of Economic Freedom, which is compiled every year by the Heritage Foundation, shows that the most capitalist countries have an average per capita GDP of $71,576. That compares with $47,706 for the world’s “predominantly free” countries.
This year Credit Day for the European Union falls on the 17th of December. This is the day which, on average, EU member states have spent their tax-based revenues and start borrowing to meet their needs.
Production taxes in France have long been a contentious issue closely linked to employment and wage growth. France currently sets one of the highest levels of production taxes in the EU, which can be seen as an example of the government’s habitual over-taxation.