I came across a statement that surprised me with its boldness. It claimed that in 2008, the economic strength of the eurozone was roughly at par with that of the US.
When Slovakia joined the EU in 2004, the union accounted for 26 per cent of the world's gross domestic product (GDP), just behind the US at 28 per cent.
Globalisation-related pressures have led countries across the world to reduce CIT rates, making taxation more business-friendly. Despite the decrease in tax rates, tax revenues are not falling.
In an effort to measure the performance of the 27 economies in the European Union over the past five years, the Juan de Mariana Institute has crafted the Economic Performance Dashboard.
International literature consistently reveals that excessive regulation hampers economic growth. This CEPOS briefing conducted a thorough analysis of 68 studies investigating the link between regulation and growth, with most indicating a negative correlation, signifying that increased regulation impedes economic progress.