Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-10-24-Speech-3-257"
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"en.20071024.36.3-257"2
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"Tax policy is used to redistribute income for the benefit of capital. It is used by all centre-right and centre-left governments, and governs capital in the EU.
There is no common tax policy because of intra-imperialist conflicts. Even if such a policy existed, however, capital would be furthering its own profitability at the expense of ordinary people’s income and needs.
Amid unrelenting competition, capital now moves easily and rapidly from high-tax countries to countries with lower taxation. Indeed, in all the Member States, the corporate income tax rate is decreasing at the expense of personal income.
However, this is not true of tax on labour income, which remains constant, while indirect taxes and VAT have risen, increasing inequality and the gap between rich and poor. This is also reflected in OECD figures, which show that indirect tax in the form of VAT rose to 6.9% of GDP in 2006. Thus capital is systematically being exempted from tax and the levy on workers is being increased through indirect taxation.
This is happening in Greece as well: corporation tax has been reduced by 10% and VAT has increased by 1%, with a further increase of 2% on the way.
This is the barbarity of capitalism, which creates inequality and poverty for the majority of people, and we must reverse this."@en1
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