EU tax trap: it's time Washington pulls the plug on the latest Brussels tax harmonization...

In today's modern economy, it is increasingly easy for jobs and capital to migrate from high-tax nations to low-tax nations. This forces lawmakers to control taxes and spending lest they drive too much economic activity to lower-tax jurisdictions. This process is known as tax competition, and it is a liberalizing force in the world economy.

But not everybody approves of tax competition, especially high-tax European governments such as France and Germany. Using the European Union as their vehicle, these uncompetitive nations are seeking to replace tax competition with ta