“The Portuguese government is seeking to cut its corporate tax rate for new businesses to one of the lowest in Europe as part of a plan to attract investment and revitalize ailing industries, the minister of economy said. The government is in talks with the European Commission’s competition agency in Brussels to get approval to cut the tax on corporate income for new investors to 10% from the current 25%, the minister, Alvaro Santos Pereira, said in an interview.”

http://danieljmitchell.wordpress.com/2012/12/19/portgual-may-become-the-first-of-europes-bankrupt-welfare-states-to-stumble-upon-genuine-recovery-formula-less-spending-and-lower-tax-rates/

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