The Commission has refused to exempt sovereign debt from the levy, which means that participating governments will be taking money fromonepocket and putting it in another.
The point is that with a little creativity and planning, you too might be able to substantially reduce taxes on your retirement savings, as well as the the tax burden on your heirs, simply by shifting savings that you already have fromonepocket to another.
And the main achievement of his first year was the so-called stimulus, which was based on the same Keynesian theory that a nation can become richer by switching money fromonepocket to another.
Financial advisers have traditionally recommended that parents compare packages from different schools to determine which one had the lowest out-of-pocket costs.