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New storm over corporate tax in new member states

French finance minister Nicolas Sarkozy has said that countries rich enough to charge a low corporate tax rate should not be eligible for EU regional funding, again putting pressure on new member states.

Speaking on French state broadcaster TF1 last night, Mr Sarkozy said, "One can't allow in Europe that some countries say 'we're sufficiently rich to lower our taxes' - to as low as zero in some cases - but at the same time ask the countries of old Europe to pay structural funds that we ...

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