The current system for the financing of the EU needs to be reformed. This paper puts forth a reform proposal with two … important elements: first, the addition of an EU VAT share on receipts; and second, a shift in power from the European Council … to the European Parliament with regard to the determination of the structure of EU expenditures. The first element will …

across and within EU countries. It is estimated that remaining non-tariff obstacles, in particular in services sectors, limit … intra-EU trade to a level about four times smaller than the intensity of trade between US states. By completing the single … market, the EU could generate significant income gains. However the more straightforward steps have already been taken, so …