What interest would Ireland and Luxembourg have in joining the budget which imposes a high minimal corporate tax rate ?

The proposed budget does not consist wholly of taxes; there are also investments in future projects. Fiscal competition is not a very solid lever for development and does not create much value added. The ecological transition of a whole continent all together is a much more attractive lever for development. We have to break the vicious circle of unfair competition.

Furthermore, there is no need for Ireland or Luxembourg to join the project right now. Simply, nothing can stop them from blocking the countries who do want to advance. This would give countries which do join the TDEM the possibility of demonstrating to the others the interest of having joint taxation and budgets and of thus convincing them to join the project.

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This post was written by admTDEM