Bloomberg Hungary’s plan to cut its corporate tax rate to the lowest in the European Union from next year may spark a “race to the bottom” as its ex-communist peers look for ways to compensate investors for rising wages, according to BMI Research, a unit of Fitch Group. Wage pressures are set to intensify next year as central Europe …

  PARIS / AFP Home sharing site Airbnb aims to extend its network of tax agreements to 700 cities by the end of next year, Monday’s Financial Times has quoted its chief executive as saying. The company has already clinched 200 tax agreements that allow it to collect and remit hotel taxes to local authorities, Brian Chesky told the newspaper. …

  London / AFP Prime Minister Theresa May promised Monday to boost research investment as she sought to reassure business leaders nervous about the “cliff-edge scenario” of Britain leaving the European Union. May told a Confederation of British Industry (CBI) conference that her government would invest an extra £2 billion a year ($2.5 billion, 2.3 billion euros) in science research …