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'Old Europe' is concerned that investment will drift east if the current tax sytem stays in place (Photo: European Commission)

France and Germany to launch EU company tax scheme

France and Germany will soon propose that company tax rates in the EU be harmonised more closely, according to media reports.

Officials in Berlin are said to be working on plans to establish maximum and minimum bands for corporate tax within the EU. The proposals are set to be tabled officially at a forthcoming meeting of ministers from Paris and Berlin.

The move follows expressions of concern from both capitals about the low levels of corporate tax in some of the ten new member...

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'Old Europe' is concerned that investment will drift east if the current tax sytem stays in place (Photo: European Commission)

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