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BackThe analysis of the Report has to be welcomed in many aspects. The AK shares the opinion that a social shift with regard to the European Union’s Single Market policy is required - in the words of Mario Monti: “The market is a good servant, but a bad master”. Consequently, the Single Market is not a purpose in itself, but a means to achieve social progress and full employment.
It is, however, regrettable that the Report does not always draw the right conclusion from the analysis. Tax competition, for example, is problematised, whilst at the same time no measures are provided for combating it (harmonisation of taxable basis and amount of company taxation). The same applies to the Financial Transaction Tax, which could be an important source of income for financing the shrinking public budgets.
