BUSINESSWEEK ONLINE : MARCH 6, 2000 ISSUE
INTERNATIONAL BUSINESS Relief Is in Sight Europe's big economies--except for Italy--are gearing up to cut taxes GERMANY Plans to cut corporate taxes to 38.6% from 51.8% and eliminate a key corporate capital-gains tax. Also will cut top income tax rate to 45% from 53%. FRANCE Cutting $18 billion by 2003, probably in taxes paid by individuals. Prodded by Germany, may use $9 billion budget surplus to make additional cuts. SPAIN Ruling Partido Popular party has cut corporate taxes to 35% and promises more. Tax cuts are central theme of campaign for elections in March. BRITAIN Its corporate tax rate of 30% is the lowest among Europe's big five. Could trim taxes further to maintain its competitive edge. ITALY Tax-simplification plans seen as little more than numbers-shuffling. Probably can't make big cuts without running into fiscal problems. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS Tax-Cut Fever TABLE: Relief Is in Sight INTERACT E-Mail to Business Week Online

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