WORLD HISTORY

POST COLD WAR WORLD

INTEGRATION OF EUROPE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Before the EU and free trade, how much tax would a company from another country have to pay to sell their product?
A
15%
B
20%
C
25%
D
5%
Explanation: 

Detailed explanation-1: -Goods exported from the EU-27 to non-member countries (extra-EU trade) accounted for 12.0 % of global exports, while goods exported to other EU Member States (intra-EU trade) accounted for 16.8 % of global exports.

Detailed explanation-2: -The EU is responsible for the trade policy of the member countries and negotiates agreements for them. Speaking as one voice, the EU carries more weight in international trade negotiations than each individual member would. The EU actively engages with countries or regional groupings to negotiate trade agreements.

Detailed explanation-3: -The EU does not have a direct role in collecting taxes or setting tax rates. The amount of tax each citizen pays is decided by their national government, along with how the collected taxes are spent.

There is 1 question to complete.