North Sea Diaries - A weblog of European politics

North Sea Diaries is contiuing its following of the tax harmonisation case of M&S vs. the Inland Revenue, as with most things EU the very large companies are likely to end up with an enormous windfall from the taxpayers, to the tune of £50million in this case with "£20billion waiting in the wings". Tax has many times been excluded from EU treaties, and is one of Tony Blairs 'red lines'. But as it has been previously excluded from treaties it is fairly obvious which way the ECJ will rule, that is against the national government.