New corporate tax cuts in Europe would be dangerous: German economy minister
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
Sigmar Gabriel, Germany's Minister of Economic Affairs and Energy, speaks during a news conference at the 15th Asia-Pacific Conference of German Business in Hong Kong, China November 4, 2016. REUTERS/Bobby Yip
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
BERLIN (Reuters) - German Economy Minister Sigmar Gabriel said on Thursday that a new round of corporate tax cuts in Europe due to "problems in Britain" would be risky.
"It would be even more dangerous (than promises for expensive investment programmes) if we were to start a new round of corporate tax cuts in Europe - triggered by the problems in Britain," Gabriel told the Bundestag lower house of parliament.
A spokeswoman for British Prime Minister Theresa May said on Monday the government had already outlined measures to cut corporation tax to 17 percent by 2020 and described any talk of further cuts as "speculative".
(Reporting by Markus Wacket; Writing by Michelle Martin and Sabine Siebold)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bergdahl seeks pardon before Trump takes office
- 'Drop those rates' Turkey's Erdogan says in new appeal for lower borrowing costs
- Aixtron, Fujian to explore what is left of deal after U.S. veto