This volume investigates the economic and political feasibility of coordinating capital income taxation across European Union member states in the post-euro era. Sijbren Cnossen, a noted expert in public finance and tax policy, compiles a series of scholarly papers that examine the inherent difficulties of taxing mobile capital bases. The text evaluates the limitations of the EU Treaty regarding income tax harmonization and explores potential reform pathways to address the disparity between consumption and capital income taxation.

Experts in European fiscal policy recognize this collection as a foundational resource for understanding the complexities of tax harmonization in the absence of explicit treaty mandates. Readers frequently note the technical density of the prose, which is intended primarily for economists, policymakers, and advanced students of European integration.