June 17, 2010
James Spencer, Big4.com
At one time it used to be so simple, at least in Europe. The national governments taxed, the European Commission wanted to tax and the local authorities had no real powers to speak of. Of course they had some tax on land ownership and in some cases there would be some limited income tax abilities – but that was it, really. In KPMG, Deloitte, Ernst & Young or PricewaterhouseCoopers you did not really hear many questions about Scottish income tax or Bavarian taxation of corporate entities.
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