> The story really remains to unfold. So far, > to the best of my knowledge, there is no explicit mechanism to > contravene national sovereignty. Max, it's not likely that there will be an explicit mechanism that does this. It's all in the details of the agreement and the appended regulations. > > The autonomy of national governments is more of a hindrance > than not from at least one important standpoint: it makes more > difficult the harmonization of taxes, the alleviation of tax > competition, and a more effective taxation of capital. What about the wondrous phenomenon known as "harmonization"? Sid Shniad
