February 8, 2011 / 11:33 AM / 9 years ago

Italy says Europe not ready for tax harmonisation

PRAGUE, Feb 8 (Reuters) - Europe is not ready to harmonise taxes, Italian Foreign Minister Franco Frattini said on Tuesday.

“There are issues in the pact that Europe is not ripe to solve yet, this includes for example harmonisation of taxes and tax systems,” Frattini told reporters during a visit to Prague, speaking through an interpreter.

German Chancellor Angela Merkel, backed by French President Nicolas Sarkozy, presented proposals for a “competitiveness pact” to EU leaders at a summit last Friday, provoking resentment from other EU states. [ID:nLDE7160TY] (Reporting by Roman Gazdik; Writing by Jason Hovet; Editing by Jan Lopatka and Peter Graff)

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