The EEC, now the EU,
Has lots of things it wants to do,
Like basically control all things,
For from such base its power springs.
A kingpin of this power greed,
Is to raise all the cash they need,
From taxes charged to me and you,
And lots of other people too.
So when a country or a state,
Tries to reduce its own tax rate,
To try improve its people’s lot,
The EU says it just cannot.
The Swedes, example, have just said,
Tax cuts would lead them jobs to shed,
In teaching where young Tom and Dick,
And Harry would all end up thick.
But this ignores what comp’nies do,
They don’t like taxes, that is true,
So they locate to places where,
They think the taxes aren’t unfair.
At present Ireland is first choice,
There tax is just a small invoice,
So Mrs May – you’ve heard the name –
Is wanting now to do the same.
The logic is if rates are low,
The total tax take starts to grow,
Of this there is now little doubt,
But high tax countries might lose out.
So Luxembourg and Holland too,
Think cheating is the thing to do,
And they with companies contrive,
So tax avoidance schemes survive.
So Britain should reduce its tax,
So rates are low but totals max,
And if some others this dislike,
Our answers won’t be ladylike!
Photo – curiousmindbox.com