I saw David Cameron with the Devil -10th April 2016
Whist tax arrangements are in the forefront of our minds it is worth considering the extent to which our tax law is increasingly constrained by Brussels. The fundamental principle of parliamentary sovereignty is expressed in its absolute supremacy over taxation. It was the King’s attempts to raise taxes, without the agreement of Parliament, which sparked the Civil War.
Now however, we only make our tax law by leave of the EU.
A number of corporations have gone to the European Court of Justice to have the tax laws made in Parliament overturned. Taxes raised with parliamentary approval have had to be repaid, costing us – as the rest of the taxpayers – billions of pounds. There are plenty more cases pending, which may cost us billions more…unless, of course, we do something decisive about it on 23rd June!