Wednesday, June 2, 2004
A tax debate is raging in Europe, with Germany, France and other long-standing EU members pushing for minimum corporate tax levels while new Eastern European countries like Latvia, Poland and others cling to their low rates to spur investment in their countries. With corporate tax rates in the 35%-40% range, Germany and France fear that the 0%-20% rates will draw business toward Eastern Europe to the detriment of Old Europe. For some of the many press reports, see here, here, here, and here.
