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Concentration of similar activities enhances productivity. →

Statutory tax rates have declined in the European Union in the recent decades. →

There are doubts about the effectiveness of regional policy. Well known are the fruitless attempts of Italy to bridge the gap between the Mezzogiorno and the North and of Germany to bridge the gap between the Neue Länder and the West. →

Relocation of activities to low-wage countries no reason for concern. →

Current high price of natural gas makes fiscal subsidy for offshore gas production ineffective. →

Equal rules! →

European cohesion policy entails predominantly the funding of infrastructure and employment projects in lagging regions of EU Member States. →

How effective is European cohesion policy in reducing regional welfare differences? →

The Code of Conduct for business taxation may, diametrically opposed to its intention, aggravate tax competition between EU Member States. →

The EU capital market integrates. Portfolios become more international, cross border mergers are the order of the day, and never before has there been so much foreign direct investment. →