EU to impose pan-Europe tax system and tax ID number for every European — and wants to make it global
by Dr. Eowyn
FellowshipOfTheMinds.com
June 7, 2016
In about two weeks on June 23, Brits will vote in the EU or Brexit referendum to decide whether the UK should leave or remain in the European Union.
Before they vote, Brits should really heed the information below. If you have family, friends, or acquaintances in the UK, please send this post to them or share on social media.
The European Union is a confederation of 28 countries, each of which, being independent sovereign entities, has its own taxation system.
As described by Simon Black of Sovereign Man, some EU countries, such as Belgium and France, have punishingly high tax rates. Belgium’s is the highest, where:
The tax rate is as high as 50% if you earn even a modest income.
Contributions to Social Security are 13% for employees and 35% for employers.
21% Value-Added Tax.
Businesses are subject to a 30% corporate tax rate, a 3% “crisis surcharge”, and a 5% “fairness tax”.
Altogether, the Belgian government’s tax revenue eats up about 45% of GDP, which means that the government takes almost half of all economic output.
The Rest…HERE
