…and there’s sovereignty.
The European Union said it will require Starbucks Corp and Fiat Chrysler Automobiles to pay tens of millions of euros in back taxes after ruling that tax deals they negotiated with two European governments were illegal….
Notice that. Supposedly sovereign governments negotiated contracts with businesses, and the European Union has said that those governments don’t have the authority—the national capacity—to make their own arrangements. In the particular case, tax contracts solemnly negotiated by Luxembourg and those two corporations are illegal because they don’t comport with the supra-national EU’s desire.
This is the Europe that the Progressive Democratic Party, the party of President Barack Obama; of Democratic Party Presidential candidate Hillary Clinton; of Democratic Party, and self-identified Democrat Socialist, Presidential candidate Bernie Sanders want us to be like.