Posted on 05/31/2004 10:37:27 PM PDT by Pikamax
Edited on 07/19/2004 2:14:18 PM PDT by Jim Robinson. [history]
European Union Newcomers Anger France, Germany With Tax Cuts June 1 (Bloomberg) -- The European Union's newest members are using corporate tax cuts to win a bigger share of investment in Europe, and putting pressure on French President Jacques Chirac and German Chancellor Gerhard Schroeder to consider tax reductions to spur growth and increase employment.
(Excerpt) Read more at quote.bloomberg.com ...
Imagine the riots in France in the next few years. The French will riot over the price of tomatoes.
The 'old' members of the E.U. and our democrats sound as if from the same exact mold.
BTT!!!!!!
Yep, it is really good news.
I surely hope Gerhard Schroeder will be out of the Chancellery by the end of this November and whoever becomes the next French President after Jacques Chirac will be able to push economic liberalization.
Ping to our French and German friends for comments!
France and Germany are not isolated.
Isolating the two biggest countries of Europe would be very difficult and if you have seen how the deficit procedure was you know that they aren't.
In fact the Spanish government changed and France and Germany pay the subventions which go to the new EU members, too. Poland etc will give way.
Rajeev Demello, is hardly a Swiss name...
Do you think the U.S. will learn something from this? We can hope.
It is funny.
If America helps all like them but when they are not needed any longer evryone dislikes them.
Think about this.
Glaringly absent from your list is Pat Buchanan.
Chirac and Schröder are gone mad if they think that oppression is the way to more economic growth. It´s from my view too optimistic to expect Schröders removal of the Chancellery until December. I could imagine he had to go in February to give his party a new chance for the very important state elections in North-Rhine Westphalia, Germanys largest state with 18 million citizens. When the SPD is defeated there (their traditional powerhouse), the CDU opposition holds a 2/3 majority in the Upper House of the parliament, and therefore can veto all bills. This has never happened before, but if this comes, the Red-Greens have to ask for new elections. So, I ´ll give Schröder one year.
Kerry can whine about "Benedict Arnold corporations," but he NEVER mentions that at 34%, the US's corporate income tax is right up there with France and Germany, and that is one of the big reasons for outsourcing. We should at least cut the tax to the rate of these new EU countries or eliminate it all together and THEN the government could criticize the corporations for moving. As of now, our tax policy is part of the problem and Kerry et al. could fix that.
Can you imagine a Democrat campaigning on lowering corporate tax rates? That would be a hoot.
"This is a clear historical symptom and could easily lead to economic or military action by France and Germany against the rest of the EU and potentially the world. "
Oj rozsmieszyles mnie chlopcze :)
"Poland etc will give way."
Are you sure?
I think so. If Germany and France make pressure there will be soon a compromise like a corridor.
They are giving way at the European constitution, too.
Over the week end I caught a glimpse of a "Siemens AG" bill board on TV in Iraq...anyone else see this?
I didn't see it. What was the advertising about?
i just caught a glimpse as i said...not sure..just an ad bill board
Tax cutting bump.
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