Negotiations must begin at both the EU and OECD level to obtain new rules on the allocation of taxation power and change bilateral tax treaties.

FORBES: Corporate Tax 2.0: Why France and the World Need a New Tax System for the Digital Age

What vexes Prodi and other big-government types is that individual nations still have veto power over a number of issues, particularly taxation.

FORBES: Fact And Comment

Maryland decision in 1819, which held that Congress had the power to establish a national bank free of state taxation.

FORBES: Obamacare's Fate Hangs With Roberts, Not Kennedy

What vexes Prodi and other big-government types is that individual nations still have veto power over a number of issues, most particularly taxation.

FORBES: Fact And Comment

Macedonia joined the club at the beginning of 2007, but in Slovakia the populist-nationalist coalition that took power in mid-2006 made the resumption of progressive taxation one of its main campaign pledges although to date it has only opted for a modest tweaking of the flat-rate system set up by its pro-market predecessor.

ECONOMIST: Will more of eastern Europe adopt flat-rate tax regimes?

Taking nothing away from the incentive and revenue effects of tax-rate reduction (the mantra of supply-siders), for the modern Classical thinkers to support Obama's small-business tax cuts is for them to endorse further complexity within of our tax code, in which we ascribe to politicians the power to use taxation as a way to drive specific behavior.

FORBES: Political Economy