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Germany has taken a stand against the inclusion of British-proposed Europe-wide tax and value-added tax cuts in a German-backed, Pan-EU economic stimulus package.

Germany will not agree to a British proposal to include EU-wide tax and value-added tax (VAT) cuts in a German-backed comprehensive EU stimulus package to be announced Nov. 26. First confirmed to the press by the officials in the German Economic Ministry on Nov. 19, the existence of the 130 billion euro (US$164.1 billion) package was confirmed by EU Commission President Jose Manuel Durao Barroso on Nov. 20.


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