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Redistribution of tax law-making power in EMU?

Redistribution of tax law-making power in EMU? Redistribution o tax aw-making f power in EMU? Frans Vanistendael, Profes~sc t Catholic University, Beuven a 1. introduction The advent of EMU ~ k 1 1 1 result in a shift of some instruments of economic policy from the Member States to the EU. The power to determine interest rates and exchange rates will be transferred from the national banks and the National Ministers of Flnance to the Board of the European Central Bank, making its decisions independentl). from the governments of the Member States. As a consequence the core of monetar>economic decision-making power will be located at European level, while, to a large extent, other economic and soclal powers will st111 be located at national level. The questions that will be dealt with in this article are (1) to what extent is it necessary to redistribute tax law-making power betkveen the EU and the Member States in order to allow each level of decision-making power to implement its economlc and social policies in a coherent and efficient way, and (2) if such redistnbution is necessary, are there institutional changes in the Treaty, or in secondary legislation that would facilitate such redistribution of tax law-making power? 2. The http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png EC Tax Review Kluwer Law International

Redistribution of tax law-making power in EMU?

EC Tax Review , Volume 7 (2) – Jun 1, 1998

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Kluwer Law International
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Copyright © Kluwer Law International
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0928-2750
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Abstract

Redistribution o tax aw-making f power in EMU? Frans Vanistendael, Profes~sc t Catholic University, Beuven a 1. introduction The advent of EMU ~ k 1 1 1 result in a shift of some instruments of economic policy from the Member States to the EU. The power to determine interest rates and exchange rates will be transferred from the national banks and the National Ministers of Flnance to the Board of the European Central Bank, making its decisions independentl). from the governments of the Member States. As a consequence the core of monetar>economic decision-making power will be located at European level, while, to a large extent, other economic and soclal powers will st111 be located at national level. The questions that will be dealt with in this article are (1) to what extent is it necessary to redistribute tax law-making power betkveen the EU and the Member States in order to allow each level of decision-making power to implement its economlc and social policies in a coherent and efficient way, and (2) if such redistnbution is necessary, are there institutional changes in the Treaty, or in secondary legislation that would facilitate such redistribution of tax law-making power? 2. The

Journal

EC Tax ReviewKluwer Law International

Published: Jun 1, 1998

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