Income from offshore tax could pay for equal wages across the EU

If the wage gap between western and eastern EU member states remains, Europe may eventually split up. This is what internationally acclaimed economist Péter Róna said in a European conference on the Wage Union. Mr Róna says the taxation of offshore incomes could provide the funding for the real integration of national economies within the European Union.

“The current EU budget is simply insufficient for funding the creation of a fair and just Europe. So it is indeed necessary to enhance central budget resources, and I explained how it could be done: the financial transactions involving offshore companies should be taxed,” Mr Róna told conference participants. The discussions also revealed that wage inequalities were present in relation with Northern and Southern Europe as well as other, more closely situated regions.

“For me, Hungary’s growth means how my Europe grows. Not my country, but my Europe. Poland’s development is also important for my Europe because this is the place where my children and grandchildren will live. I am convinced that we will need to establish a single European market: this is Europe’s destiny and it could mean a cultural and an economic integration as well,” said French MP Frédéric Petit.

According to Jobbik MP and representative of the Wage Union Initiative Márton Gyöngyösi, Hungary still wants to compete in the market by offering low wages which makes the country a victim of a certain colonization. “Many people shrug the idea off as an illusion or an infeasible project. Contrary to that, we are convinced that all it takes is a political commitment both at EU and national levels. As soon as the commitment is made, we can take steps towards this goal by reforming the EU’s cohesion policies and the economic-political approaches of the national governments,” the MP stated.

Since May, they have been collecting statements of support from eight Member States. One million signatures will make Brussels put the matter on the agenda. The signed statements of support must be submitted to the European Commission. The EU’s governing body will then have three months to meet the organizers and hear their proposal. After that, the Commission will deliberate the issue and publish its position on the matter.


HírTV -


To sign the initiative, click here!