(Bloomberg) -- A tax-cut war is spreading across
Europe as leaders of the continent's biggest economies give up
criticizing smaller neighbors for slashing business rates and
decide to join them instead.
The move toward lower levies on corporate profits in Spain,
Germany, France and the U.K. is aimed at wooing companies and
reinforcing the strongest economic expansion in six years. It
comes after Ireland and new European Union members from eastern
Europe succeeded in attracting investment, and irking their
larger rivals, with tax rates of less than 20 percent -- among
the world's lowest.
Read more at Bloomberg Exclusive News
Europe as leaders of the continent's biggest economies give up
criticizing smaller neighbors for slashing business rates and
decide to join them instead.
The move toward lower levies on corporate profits in Spain,
Germany, France and the U.K. is aimed at wooing companies and
reinforcing the strongest economic expansion in six years. It
comes after Ireland and new European Union members from eastern
Europe succeeded in attracting investment, and irking their
larger rivals, with tax rates of less than 20 percent -- among
the world's lowest.
Read more at Bloomberg Exclusive News
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