This Is How the Tax Rules that EU Countries Have to Comply With
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All Member States of the European Union have an obligation to conform to fiscal rules which are essentially based on two: compliance with a public debt ceiling and a maximum GDP deficit. These fiscal rules are the result of a proposal from the European Commission and its subsequent debate in the European Council and European Parliament. EU Member States must send their budgetary plans annually to the European Commission so that it can monitor co…
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