28/02/2007 1:22:33 pm
Tax Competition. The German Government is planning to decrease its corporate tax rate from 38,7 per cent to 29,8 per cent. To be competitive in a global world and new Europe, Germany has to improve its business climate. The Social Democrat Finance Minister Peer Steinbrück, however, is now facing a revolt from his own Party. They are upset because it seems that the companies will have a larger tax relief than they thought. Well, waith just one moment... They wanted to relieve some taxes from companies in order to get more competitive and not least create new jobs. And now it turns out that the relief will be larger than expected. And they turn against the proposal suddenly. When did more of a good thing become something bad?

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