European tax reforms stimulate economic growth

With the continuing weakness of the euro, it is tempting for global investors to reject raising exposure to Europe in favour of more predictable markets at home and elsewhere. For some time, the mixed fortunes of the single currency have overshadowed an improving economic scenario and a strong commitment by many governments to lower taxes. Germany's recent move to reform and reduce its tax system has been hailed as a benchmark for other Continental European governments to follow, but it is in fact just a continuation of a trend that has been established for some time. EMU governments, mostl...