The move toward lower levies on corporate profits in Spain, Germany, France and Britain is aimed at attracting companies and reinforcing the strongest economic expansion in six years. It comes after Ireland and new European Union members from Eastern Europe succeeded in attracting investment, and irking their larger rivals, with tax rates of less than 20%, among the world’s lowest. “The gloves are off,” said Erik Nielsen, chief European economist with Goldman Sachs in London. “Bigger countries are now competing on taxes. This is very much something that will determine how much and where companies want to invest.”

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