In Davos last week the EU Commission said it was pressing on with the introduction of a new type of European corporate entity, called EU Inc, which would be recognised in all 27 member states.  It would create a single, harmonized set of EU-wide rules for company law, insolvency, staffing, and tax and could save a lot of money.

It’s often referred to as the 28th regime and our own Michael McGrath is pushing it forward to simplify doing business is a bloc famed for red tape.  The person who came up with the term EU Inc is the German entrepreneur and investor Andreas Klinger who joined Joe this morning.