Serbian finance minister Mladjan Dinkic on May 25 2004 announced plans to cut the corporate tax from 14% to 10%. With the exception of Estonia, which has a zero rate of corporate tax in certain cases, it would be the lowest corporate tax rate in Europe. The news will not be welcomed by German chancellor Gerhard Schroeder, who has expressed concerns about low corporate tax rates, which could lure investment away from higher-tax states.
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