Jean-Claude Trichet: The process of European economic integration Speech by Mr Jean-Claude Trichet, President of the European Central Bank, at the Fondation Jean Monnet pour l’Europe 2007, Lausanne, 21 September 2007. * 1.
We can look at it from the perspective of distorted relationship between profit and cost. Second, there are deficiencies in the tax system. Our tax system should be rational and with few distortions. Yet, this is not easily achievable for countries in transition and emerging markets and usually takes a long time. The first is tax category.