It's like being bound hand and foot pre- paratory
to having one's throat cut.
The IRU is also extremely concerned about the financial implications of the proposal, which might run into pounds 48bn for implementation and pounds 38bn for annual maintenance costs, according to pre- paratory
studies by consultants for the European Commission.
While the document is careful to insist that the LTD "will not at any stage have any power to make, enforce, or mediate binding tax rules," the real purpose of the ITD is hinted at in the concluding section of the proposal: "The proposed International Tax Dialogue aims to enhance discussions on the strengthening of national tax systems, which in turn will assist the mobilization of tax revenues for development highlighted in the pre paratory
documents for the UN Financing for Development conference.