Speaking at a gathering of the Group of 20 major economies in Brisbane, the former prime minister of Luxembourg defended his position, saying a lack of cooperation between European Union member states created a system where “very low taxation of companies” was legal. “Things of that kind could happen because of the divergency between national tax legislation,” he said.
European Commission President Jean-Claude Juncker said that like he thought low taxes were a bad thing. Leaving more money in the hands of the folks who earned it, instead of transferring it to Government Know Betters is a bad thing.
Contra our own President Barack Obama and his Democratic Party, I don’t want us to be more like Europe.