By LYNN ROWAN | APBusiness | June 16, 2019| LONDON—The European Union is facing a major crisis in its health care systems, with millions of people falling ill and tens of millions of lives being lost, and the consequences could be severe.
But as it struggles to respond to the outbreak, Europe is trying to make up for lost time by cutting back on spending and slashing benefits.
The European Commission is taking measures to reduce the burden on the health care system, cutting taxes and spending.
The Commission is considering an idea that could allow member countries to lower their tax rates to encourage companies to locate jobs and businesses in their own territory.
The idea is gaining traction, with countries including the Netherlands and Germany considering it.
The plan is not new.
A similar proposal was floated last year by a committee of the European Parliament.
But this is the first time the commission is taking steps to reduce burdens on the healthcare system by cutting taxes.
The measure has drawn strong criticism from some of the Commission’s political and economic foes, including Germany’s Chancellor Angela Merkel, who says the proposal is unfair.
The European Commission has been considering tax cuts and other measures in response to the pandemic.
The commission is trying, for example, to reduce taxes on services that are essential to the health of EU citizens.
It is considering cutting taxes on the sale of certain medical devices and products.
The commission is also considering imposing additional financial burdens on companies and individuals to help them cope with the pandemics.
Other measures are aimed at strengthening the EU’s financial position, such as by offering more funding to help countries meet the crisis’s impact on the economy.
The government of Italy is considering making public sector workers contribute 2% to the EU budget, a proposal that has been opposed by the Italian Socialist Party.
Germany is looking at raising taxes on certain industries and is considering lowering the VAT rate to 5% from the current 6%.
Italy’s Social Democrats have also proposed raising taxes for some products, but that proposal has been rejected by Germany’s government.
The UK and Ireland are also considering introducing tax increases.
Ahead of a conference on Friday in Luxembourg, the European Commission will consider whether to propose a tax cut or other measures.