"Eventually, inevitably, the better-off will face higher rates, " says Clint Stretch, managing principal of national tax policy at Deloitte Tax.

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The bill aims to create a national tax policy for products and services downloaded via the Internet, such as mobile music, games, applications and e-books.

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Even this proposal, however, is unlikely to assuage the British and the Irish, who see national control of tax policy as an uncrossable line.

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American capital markets are far and away the most liquid and efficient in the world, despite a minuscule national savings rate and a tax policy that swerves between counterproductive and comical.

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Members of the European Parliament (MEPs) will also have more say over the EU budget, bowing to national governments in only a handful of areas such as tax and foreign policy.

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We need a national energy policy which sets renewable portfolio standards and provides significant and reliable grants, loans, and tax credits over time.

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