Economy and Finances (new title of the chapter)
Preamble
Our economic program aims to support sustainable economic growth focused on long-term development, broad improvements in quality of life, and fostering a competitive, fair, and inventive economic environment. In this regard, we believe it is necessary to consider a broader set of economic metrics besides mere immediate gross productivity. Such measures must capture the development of long-term economic opportunities, well-being, environmental and social sustainability, and successful collaboration across the whole EU.
Taxation
The tax mix should be based on establishing an environment of fully internalized externalities of economic activities to cultivate an entrepreneurial environment and a long-term well-developing society.
To achieve this, we propose the following points: Moving a larger part of the tax burden from labour to capital. To facilitate this, tax harmonization across European jurisdictions should be further developed. This should include targeting strategic capital allocation for tax avoidance, and intentional obscuring of corporate structure (incl. public entities). We should focus on empowering local communities’ decision-making and interests regarding their local tax structure together with establishing an all-European harmonization framework (yet not unification of tax rates or tax base definitions, only framework of the shared approach). We will support global coordination on taxation, particularly in questions of international corporations.
Competitive Economic Environment
A transparent, fair, and harmonized economic environment is the core of a thriving economy. The economic environment should ensure the prohibition of a high concentration of market power and instead focus on SME development. An example of a policy supporting SME are a minimal untaxed revenue for every business and streamlining regulations (e.g., threshold effects).
Economic policies must support entrepreneurship with a particular focus on genuine start-up ventures and investments especially innovative ones (against rent-seeking).
Financial Markets and Multinational Corporations
Regulation, supervision, and taxation of the financial markets should encourage investment into long-term development strategies which are environmentally and socially sustainable. The environment should deter financial dominance, capital concentration, and for-profit short-term reallocation (e.g., buy-backs). Speculative investments should bear heighten disincentives and should be more transparent.
Fiscal Policies (except taxation) - title tentative @Emerodh ** tasked to prepare an initial draft**
- points to consider:
- feasible & healthy budget (EU direction, regulation??? document)
- sensitive approach (if decided to approach approached) the topic of shared European debt (very sensitive!)
European Economic Integration
The next steps of European economic integration should support labour mobility, equality, and broad economic development of all European regions. Further, there should be continued support for the economic development of physical and institutional infrastructure, particularly of cross-border regions.
Principles of International Trade (@DavidFW * tasked to finalize)*
Pirates stipulate that in all negotiations of the European Union on trade agreements the following conditions must be met: The European Parliament must ratify the treaty and the treaty must be negotiated to uphold the following principles. The ultimate goal of international trade agreements is the positive development of all involved parties. There is comprehensive access to information and public hearings during the negotiating process. The proposed treaty includes respect for freedom of the Internet, social and civil rights, and sustainable social and economic development. The interests of small and medium-sized enterprises must be considered.
Cryptocurrency
We as pirates see the potential of crypto assets and that they may have a positive role in economic development. We want to protect cash for its anonymity including digital cash.
) and for sure appreciate stressing that debt issues are common European issues (and yet keeping it reasonably separated from the general fiscal question which I am still not sure if it should be a common European issue, some light framework at most with few exceptions at most…), and of course targeting procyclical fiscal behaviour (easier said than done though). Also, I really appreciate saying that one of the main tasks of economic policy will be getting ready & dealing with major shocks and crises - that’s definitely going to be key to development in my mind.