28/03/2005 1:09:03 pm
This Will Save Europe. Tax competition within Europe will make os more competitive globally. Low growth and high unemployment can then change to the opposite. Austria has lowered their corporate tax and now Germany will do the same. The International Herald Tribune had a list yesterday showing the overall corporate tax rates in EU-25. Facts speak for themselves; this is a situation which will not last.

Estonia 0 %
Cyprus 10 %
Ireland 12,5 %
Latvia 15 %
Lithuania 15 %
Hungary 16 %
Poland 19 %
Slovakia 19 %
Austria 25 %
Slovenia 25 %
Czech Rep 26 %
Finland 26 %
Portugal 27,5 %
Sweden 28 %
Britain 30 %
Denmark 30 %
Luxembourg 30,38 %
Belgium 33,99 %
Netherlands 34,5 %
Greece 35 %
Malta 35 %
Spain 35 %
France 35,43 %
Italy 37,35 %
Germany 38,29 %