German Chancellor Gerhard Schröder has announced plans to cut the tax rate paid by businesses in Germany in a bid to stem the flow of companies leaving the country and taking advantage of more favourable rates in Eastern Europe.
The corporate tax rate in Germany would be cut from 25 percent to 19 percent, Mr Schröder told the German parliament on Thursday (17 March).
According to media reports, he said that Germany needed to keep up with new member states that have lower corpora...
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