Executives from nearly 100 of France's biggest companies called on the Socialist government to cut payroll taxes by 30 billion euros ($39 billion) over two years to regain waning competitiveness.
With the government preparing
British finance minister George Osborne produced the harshest budget in a generation on Tuesday, slashing spending, raising taxes and slapping a levy on banks in a drive to cut a record budget deficit to almost nothing in five years.
The prospect of tax cuts in Germany and the United States brought investors a measure of New Year cheer on Monday, and a survey of euro zone investor sentiment showed an unexpected improvement.
US president-elect Barack Obama is seeking as
Kuwait has enacted a bill cutting taxes on the earnings of foreign firms to 15 per cent from up to 55 per cent and exempting gains of foreign investors from trading on the bourse.
A 48-article memorandum detailing how the new law will be i
President George W. Bush has called on Congress to give the US economy a 'shot in the arm' with an election-year package of temporary tax cuts and other measures worth up to $150 billion.
Bush said the United States, where share markets ha