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Rutte Intent On Growth And Fiscal Discipline 5/27/2012 Following the recent informal European Council meeting in Brussels, Dutch Prime
Minister Mark Rutte emphasized that growth and sound financial policy ‘are
not mutually exclusive but in fact go hand in hand’.
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EU Focuses On Growth 5/25/2012 Commenting on the outcome of the recent informal European Council meeting in
Brussels, European Council President Herman Van Rompuy announced that an agreement
had been reached on plans to work towards a growth strategy and on the need
to strengthen economic union to make it commensurate with monetary union.
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Eurogroup Committed To Fiscal Consolidation 5/16/2012 Following the latest Eurogroup meeting in Brussels, Luxembourg’s Prime Minister
and Eurogroup President Jean-Claude Juncker confirmed that the Eurogroup’s
consolidation strategy, in accordance with provisions contained in the Stability
and Growth Pact, ‘remains appropriate’ and will therefore continue
to form the cornerstone of its strategy to correct fiscal and economic imbalances
to overcome the crisis and to return to sustainable growth.
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Hollande Eyes 'Growth Dimension' In Fiscal Compact 5/17/2012 During their first meeting in Berlin, German Chancellor Angela Merkel and French
Socialist President-elect François Hollande underscored the importance
of Germany and France continuing to work closely together in the interests of
Europe, and their responsibility and commitment to collaborating on ideas aimed
at stimulating growth in Europe ahead of the European Council meeting in June.
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Juncker Insists Fiscal Compact Not Up For Renegotiation 5/9/2012 Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker
has firmly ruled out the idea of completely renegotiating the fiscal compact,
agreed by twenty-five of the twenty-seven European Union member states back
in March, and aimed at strengthening budgetary discipline, following the election
of François Hollande as the new French President.
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US Issues Annual IPR Country Report 5/3/2012 The Office of the United States Trade Representative has released its annual
‘Special 301 Report’ on the perceived adequacy and effectiveness of
US trading partners’ protection and enforcement of intellectual property
rights (IPR).
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Greek Conservatives Pledge Sweeping Tax Cuts 4/27/2012 Unveiling details of his economic programme in Athens recently, ahead of the May
6 elections, Greece’s New Democracy conservative leader Antonis Samaras
pledged to reduce taxes and to increase spending on low pensions, while at the
same time ensuring that the ambitious deficit reduction targets agreed with international
moneylenders are met.
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World Economic Forum Issues Global ICT Report 4/6/2012 The World Economic Forum, in collaboration with INSEAD, has issued the Global
Information Technology Report for 2012, which is said to be the most comprehensive
assessment of the preparedness of global economies to leverage the networked economy.
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EUR800bn 'Firewall' Set In Place For Euro Zone 4/5/2012 During the recent meeting of European finance ministers in Copenhagen, euro
zone finance ministers agreed to a total capacity of around EUR800bn (USD1tn)
for the euro rescue mechanism, according to the German finance ministry.
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EU Divided Over FTT 3/15/2012 Despite months of ongoing discussions, Europe remains divided and seemingly
no further forward on the controversial issue of a financial transactions tax.
|
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Eurogroup Backs Second Greek Bailout Deal 3/14/2012 Following months of gruelling negotiations, euro zone finance ministers finally
gave their seal of approval to a second EUR130bn (USD170bn) bailout package
for Greece, during the latest European Council meeting in Brussels.
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Eurogroup Welcomes Greek Completion Of Prior Actions 3/6/2012 Luxembourg’s Prime Minister and Eurogroup President Jean-Claude Juncker
has recently issued a statement on behalf of the Eurogroup, underscoring that
the group welcomes the assessment of the Troika that Greece has made sufficient
progress in completing the agreed prior actions.
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Juncker Optimistic On Greek Bailout Deal 3/5/2012 While underlining that the second international rescue package for Greece has
good chances of succeeding, Luxembourg’s Prime Minister and Eurogroup
President Jean-Claude Juncker has not ruled out a third package.
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Irish Austerity Hits Wealthiest Hardest 3/2/2012 While Ireland's recent indirect tax hikes and welfare cuts have hit those on lower incomes hardest, in the longer term higher earners have borne the brunt of change, the Economic and Social Research Institute has said.
|
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German Bundestag Backs Greek Package 2/29/2012 The German Bundestag, or lower house of parliament, has recently adopted by a
large majority the second rescue package for Greece, designed to grant Athens
further financial assistance of a maximum of EUR130bn (USD175bn) until 2014.
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Greece Signs Up To Multilateral Tax Convention 2/23/2012 Greece has become the latest signatory to the Convention on Mutual Administration
Assistance in Tax Matters, which promotes international cooperation in the assessment
and collection of taxes through multinational information exchange.
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Eurogroup Welcomes Agreement On Greek Policy Package 2/23/2012 The Eurogroup has issued a statement welcoming the agreement reached with the
Greek government on a policy package constituting the basis for the EUR130bn (USD172bn)
bailout programme, which is conditional on Greece finding another EUR325m in budget savings.
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Eurozone Backs Second Greek Bailout Deal 2/22/2012 Following over twelve hours of intense negotiations, eurozone finance ministers
gathered in Brussels finally agreed to a second EUR130bn (USD170bn) rescue package
for Greece, to enable the country to avoid bankruptcy and to secure its future
in the eurozone.
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Greece Agrees EUR3.3bn Savings Plan 2/21/2012 Just ahead of a planned meeting of eurozone finance ministers in Brussels, the
Greek cabinet has unanimously approved a final series of austerity measures totalling
EUR325m (USD429m) to secure the EUR130bn bailout agreement from international
lenders including the European Union and the International Monetary Fund,
vital to avoiding bankruptcy.
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Juncker 'Confident' On Greek Bailout Deal 2/16/2012 Luxembourg’s Prime Minister and President of the Eurogroup Jean-Claude Juncker
has underlined his confidence that the Eurogroup will indeed be able
to implement all the necessary decisions regarding Greece’s second adjustment
programme during its forthcoming meeting on February 20.
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EU Ready To Throw New Cash At Greece 2/15/2012 Olli Rehn, the European Commissioner responsible for Economic and Monetary Affairs, has welcomed the Greek parliament's approval of a new package of austerity measures which, he said, would be 'supported by unparalleled financial assistance from Greece's partners'.
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Greece Approves New Austerity Package 2/14/2012 Amid violent street protests in Athens and other towns and cities, the Greek parliament approved an additional package of austerity measures on Sunday designed to ensure that a vital tranche of outside funding is released to enable Greece to meet its ongoing debt obligations.
|
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St Kitts And Nevis Boosts Tax Cooperation 2/10/2012 Saint Kitts and Nevis's Cabinet has approved the signing of a Tax Information Exchange
Agreement with India and has endorsed the commencement of negotiations towards
similar agreements with a further four nations.
|
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EU 'Core' Presses For FTT 2/9/2012 French Finance Minister François Baroin has announced that nine European
countries have recently addressed a joint letter to the Danish Presidency of the
European Union calling for work to be accelerated on European plans for a
tax on financial transactions.
|
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FTT Will Hit UK Revenues Even With Opt Out 2/8/2012 David Cameron's refusal to sign a new European Union deal will not shield the UK from the impact of a financial transaction tax, Ernst and Young has said.
|
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Greece Wavers On Fiscal Reforms 2/7/2012 Greece’s ruling coalition parties have so far failed to reach an agreement
on whether or not to accept the painful terms of the second international bailout
package, reluctant to implement further austerity measures to secure the EUR130bn
(USD170bn) deal.
|
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Luxembourg's Juncker Defends Fiscal Compact 2/3/2012 Luxembourg’s Prime Minister and President of the Eurogroup Jean-Claude
Juncker has recently underlined his support for and confidence in the new so-called
'fiscal compact', a treaty on stability and convergence in the Economic
and Monetary Union endorsed by 25 of the 27 European Union member states
during a summit meeting in Brussels.
|
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Europe Endorses 'Fiscal Compact' 2/1/2012 During the latest informal meeting of the European Council in Brussels, with its
emphasis on growth-friendly fiscal consolidation and job-friendly economic growth,
25 of the 27 member states united on and endorsed plans for a fiscal compact,
a treaty on stability and convergence in the Economic and Monetary Union.
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Schäuble Demands Reform Action To Secure Greek Bailout Deal 1/31/2012 Ahead of a key European Union summit meeting in Brussels focussing on stricter
budgetary discipline, German Finance Minister Wolfgang Schäuble urged
Greece to implement vital reform measures to redress the state finances, warning
that failure to do so might result in the second euro zone bailout package being
withheld, and ultimately in bankruptcy.
|
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Liechtenstein's PM Welcomes Dawn Of New Tax Era 2/1/2012 Determined to portray a new and positive image of the Principality, Liechtenstein’s
Prime Minister and Finance Minister Klaus Tschütscher has recently insisted
that the age of so-called tax havens, jurisdictions deemed to be uncooperative
in tax matters, is now over.
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Greece Publishes List Of Tax Evaders 1/26/2012 True to its word, in a determined bid to clamp down on rampant tax evasion,
the Greek government has recently published a list of individuals alleged to
have evaded taxes in Greece to the tune of almost EUR15bn (USD19.5bn).
|
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EU Tax Burdens Stabilize 1/17/2012 Following three years of decline, European Union nations' tax-to-GDP ratios remained broadly level in 2010, the latest year for which detailed tax revenue statistics are available for all member states, as governments begin to consolidate their fiscal positions. In the euro area the downward trend in tax revenues continued, but decelerated in 2010, with a slight drop to 40.2% of GDP.
|
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Swiss, Greek DTA Amendments In Force 1/2/2012 The Swiss Federal Department of Finance has announced that the Protocol
of Amendment of November 4, 2010, to the double taxation agreement between
Switzerland and Greece has recently entered into force.
|
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Greek Tax Evasion Investigators Challenge Government 1/2/2012 Two Greek prosecutors appointed to a judicial task force to tackle the nation's
widespread tax evasion problem have resigned from their posts claiming that the government
is interfering in high-profile investigations.
|
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Eurozone Unites On New 'Fiscal Compact' 12/12/2011 Following the first working session of the European Council at the key summit
in Brussels, President of the European Council Herman Van Rompuy outlined the
main outcome of the talks, announcing that in the short term immediate action
to overcome the eurozone crisis was agreed, and that in the longer term the overwhelming
majority of member states united on plans for a new ‘fiscal compact’
for the eurozone.
|
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Greek Lawmakers Vote Yes To 2012 Budget 12/8/2011 Amid renewed protests and clashes with police, the Greek parliament approved by
a large majority the controversial budget for 2012, providing for further tax
rises and drastic cuts in spending.
|
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Operators Challenge Incoming Greek Gambling Regime 12/2/2011 The European Gaming and Betting Association and the Remote Gambling Association
have filed a complaint with the European Commission on Greece's controversial,
recently-adopted online gambling law, which would allow the provision of taxed
gambling services.
|
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Greece Set To Secure Bailout Deal 11/29/2011 The European Union and International Monetary Fund
have welcomed
a letter submitted recently by leader of the conservative New Democracy party
in Greece, Antonis Samaras, pledging his support for the fiscal targets outlined
in the country’s new EUR130bn (USD178bn) bailout agreement concluded at the end of
October.
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Greek PM Seeks Cross-Party Bailout Pledge 11/23/2011 Greek Prime Minister Lucas Papademos has called for all party leaders of the country’s
interim national unity government to provide written assurances to the European
Union of their commitment to the painful, rigorous terms of Greece’s
new EUR130bn (USD176bn) international bailout deal.
|
 |
Greece Eyes EUR60bn In Uncollected Taxes 11/21/2011 Presenting the European Union task force’s first quarterly report on debt-ridden
Greece, head of the force Horst Reichenbach underscored the importance of addressing
the sensitive and urgent issue of tax collection and evasion, noting that an estimated
EUR60bn (USD81bn) in uncollected taxes are still outstanding.
|
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Greek Dissentions Threaten Bailout Deal 11/18/2011 Overcoming a significant first hurdle, the interim crisis government of Lucas
Papademos recently won by a large majority a crucial vote of confidence in the
Greek parliament, although tensions already apparent within the coalition of national
unity could still jeopardize implementation of the vital fiscal reform measures
needed to rescue the country from the threat of bankruptcy.
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Juncker Urges Greece To Commit To Austerity Deal 11/9/2011 Luxembourg’s Prime Minister and head of eurozone finance ministers Jean-Claude
Juncker has called for Greece’s new government to pledge its commitment
in writing to the bailout deal agreed with eurozone leaders at the end of October,
to secure release of the next tranche of international aid by mid-December.
|
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Greece Plans Referendum On Austerity Measures 11/1/2011 In a shock move, stirring up greater uncertainty and volatility in the markets,
Greek Prime Minister George Papandreou announced plans to hold a referendum on
the new bailout package for Greece, arguing that he required wider political support
for the government’s proposed – and highly unpopular – fiscal
and economic reform measures.
|
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Swiss-Greek Tax Deal In The Offing 10/31/2011 Government officials from Greece and Switzerland have discussed
in further detail the proposed negotiation of a tax agreement between the two
countries akin to those Switzerland has signed with Germany and the United Kingdom.
|
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Greece Gets Tough On Tax Evasion 10/18/2011 Greek Finance Minister Evangelos Venizelos has announced plans to publish the
names of around 15,000 individuals, alleged to have evaded taxes in Greece.
|
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Remote Gambling Firms Challenge Greek Taxes 10/5/2011 The Remote Gambling Association, which represents the largest online gambling
operators and software providers in the world, on October 4, 2011, lodged a State
aid complaint with the European Commission to challenge the legitimacy of new
gambling tax laws introduced by Greece.
|
 |
Greek Lawmakers Pass Unpopular Property Tax 9/29/2011 Overcoming a significant hurdle, the Greek parliament has narrowly adopted by
154 votes to 142 the government’s highly controversial and hugely unpopular
new property tax.
|
|
Greece Unveils Further Austerity Initiatives 9/23/2011 The Greek government has unveiled details of a fresh wave of austerity measures,
including key fiscal initiatives, aimed at appeasing international moneylenders
as the country battles to secure release of a further tranche of aid to avoid
imminent default and to endeavour to secure its future within the eurozone.
|
 |
France Definitively Adopts 2011 Budget 9/12/2011 The French parliament has definitively adopted the first wave of fiscal measures
contained in the government’s austerity package, together with the second,
and final, rescue package for Greece.
|
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Greece Unveils Property Tax 9/13/2011 Determined to appease international moneylenders, and to secure release of an
EUR8bn tranche of its EUR110bn bailout agreement, the Greek government recently
announced plans to introduce a new property tax in Greece, for immediate application.
|
|
Switzerland Tops WEF Competitiveness Index 9/9/2011 Switzerland tops the overall rankings in the Global Competitiveness Report for 2011-2012,
released on September 7 by the World Economic Forum.
|
 |
Greek Restaurants Rebel Against VAT Hike 9/6/2011 Restaurants and eateries in Greece are threatening to refuse to comply with the value-added
tax rate increase on the hospitality sector, which came into effect on September 1.
|
 |
Greece Targets Online Tax Evaders 9/1/2011 The Greek government has announced the formation of a specialist team of 200
to tackle technology-related tax evasion, in particular involving online gambling and stock market speculation, among other activities.
|
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Is The EU Heading For Fiscal Convergence? 8/16/2011 With member states fundamentally rethinking the functioning of the European Union, one thing seems certain to emerge from the Eurozone crisis: that proponents of a fiscal union (that countries' budget policies should largely be governed by the EU) have gained significant ground on those that would advocate the continuation of fiscal sovereignty.
|
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OECD Calls On Greece To Enforce Tax 'Fairness' 8/4/2011 Greece can rebuild growth, jobs and living standards if far-reaching reforms
to tackle its economic crisis are implemented and the tax culture is addressed,
according to a new report from the Organization for Economic and Cooperation
Development.
|
 |
Bulgaria's Low Tax Regime Draws Investment 7/29/2011 Business formations by entities from Romania and Greece have risen markedly in
the last year, new statistics show - a testament to the reforms put in place by Bulgarian
authorities to attract foreign investment.
|
 |
Luxembourg, Cyprus To Launch Talks On DTA 7/22/2011 Luxembourg’s Finance Minister Luc Frieden recently conducted an official
visit to Cyprus at the invitation of his Cypriot counterpart Charilaos Stavrakis,
with the talks focussing on strengthened fiscal cooperation by means of a future
bilateral tax agreement.
|
|
Bank Tax Omitted In Greek Bailout Deal 7/25/2011 Abandoning plans for a tax on banks, euro zone leaders have finally united on
a new rescue plan for recession-mired Greece, designed to shore up the ailing
economy and to prevent the risk of contagion to other vulnerable euro zone states.
|
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German Banks Slam Bail-Out Tax Plans 7/21/2011 The Association of German Banks has opposed plans by euro zone leaders to impose a tax on banks in a bid to support
an ailing Greek economy.
|
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Euro Zone Mulls Bank Tax For Greek Bailout 7/20/2011 Ahead of an emergency summit meeting in Brussels, euro zone leaders are reportedly
examining the idea of introducing a special tax on banks as part of a second bailout
agreement.
|
 |
EBA Announces EU Bank Stress Test Results 7/19/2011 The European Banking Authority has published the results of its 2011 European
Union-wide stress test of 90 banks in 21 countries, which show that eight banks
fall below its capital threshold of 5%.
|
|
Irish Rating Downgraded To Junk Status 7/14/2011 Ireland has been hit with its worst ever debt rating, joining the beleaguered Portuguese and Greek economies in its classification as 'junk'.
|
 |
Eurostat Notes Rising Consumption Tax 7/7/2011 According to a recent study conducted by Eurostat, the statistical office of the
European Union, the global financial and economic crisis has changed the
fiscal shape of Europe.
|
|
Greek Austerity Package Clears Hurdle 7/4/2011 Following a heated and tense debate, much as expected, the Greek parliament
voted to adopt the government’s second bill implementing its new economic
recovery plan, providing for dramatic tax rises, deep cuts in spending and rapid
privatisation measures.
|
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Greek Lawmakers Adopt Austerity Package 7/1/2011 Amid violent protests, and at the insistence of the European Union and
the International Monetary Fund, the Greek parliament has adopted the government’s
highly unpopular austerity package, vital to securing international aid and to
averting sovereign debt default.
|
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Greece Agrees Further Fiscal Measures 6/27/2011 Following fraught, intensive talks in Brussels, the Greek government announced
that the terms of a fresh EUR120bn bailout agreement had been negotiated between
Athens and international lenders, which include further tax rises and cuts in government
spending.
|
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Europe Issues Greek Tax Ultimatum 6/22/2011 Following two days of intensive talks, euro zone finance ministers have finally
agreed to the next tranche of emergency aid, provided that the Greek government
and parliament swiftly adopt the latest raft of privatization and austerity measures,
which include a new ‘solidarity tax’.
|
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Greece Unveils New 'Solidarity' Tax 6/15/2011 Following the recent submission to parliament of the country’s 2012-2015
budget plan, containing a raft of privatization and austerity measures, including a new 'solidarity tax', Greek
Finance Minister George Papaconstantinou underlined the government’s determination
to reach its fiscal targets.
|
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Greece Braced For More Austerity 6/7/2011 Individuals and businesses in Greece are facing the prospect of paying yet higher taxes as the government prepares a fresh round of austerity measures as part of a recast bail-out deal with the International Monetary Fund and the European Union.
|
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Schäuble Defends Fiscal Integration 5/23/2011 During a recent speech at the Economic Forum in Brussels, Germany’s Finance
Minister Wolfgang Schäuble outlined a framework designed to achieve greater
European fiscal and economic integration.
|
|
Tax Burdens On The Increase, Says OECD 5/13/2011 Average tax burdens rose in 22 of the Organization for Economic Co-operation and Development's 34 member countries in 2010, with France, Belgium, Germany and Italy among the highest-taxed countries.
|
 |
Irish Bailout Rate Reduction Up For Discussion 5/11/2011 With an important round of meetings between European Union finance ministers imminent, reports have suggested that Ireland could be granted a 1% reduction in its bailout loan interest rates without having to hike corporation tax in return.
|
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Greece Extends Airport Tax Exemption 3/24/2011 Determined to strengthen the country’s tourist industry, and bowing to
increased pressure from tourism operations, the Greek government has announced
its decision to waive airport taxes in Greece from April 1 until the end of
2011.
|
 |
MEPs Approve Deal On Latin American Banana Imports 2/8/2011 The 2009 Geneva agreement on European Union import tariffs for bananas from
Latin American countries, which is designed to end the longest-running dispute
in the history of international trade, has received the backing of the European
Parliament.
|
 |
Lamy Urges On Doha Participants 2/7/2011 The World Trade Organization’s Director General, Pascal Lamy, as chairperson
of the Trade Negotiations Committee, urged WTO ambassadors on February 2 to
engage in bilateral and small group discussions on resolving key obstacles to
a near-global multilateral free trade agreement, through the Doha Round.
|
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Greece Clamps Down On Tax Evasion 1/10/2011 The Greek finance ministry’s latest bill on taxation, which is expected
at the end of the month, considerably strengthens existing laws to deter tax evasion and allows for the immediate closure of businesses found not to have fulfilled their tax obligations.
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EU Launches Multi-Year Review Of Cross-Border Taxation 12/23/2010 The European Commission has published a Consultation, which marks the commencement of a comprehensive multi-year review of the major cross-border issues faced by EU citizens, and proposes solutions for them.
|
 |
Canada Announces Royal Assent To Tax Treaties 12/22/2010 Jim Flaherty, Canadian Minister of Finance, has announced that legislation to implement tax treaties signed with Colombia, Greece and Turkey, has received Royal Assent.
|
 |
China, EU Discuss Untapped Trade Flow Potential 12/22/2010 The EU and China held the second, and final day of their third High Level Economic
and Trade Dialogue on December 21, at what was the first meeting between the two parties
since the entry into force of the Lisbon Treaty.
|
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OECD Notes Fall In Global Tax Burden 12/15/2010 The Organization for Economic Cooperation and Development has noted a decline
in revenues during 2009 among its member countries, in cash terms, which it
said was driven by declining economic activity, and tax cuts introduced
to cushion countries’ economies from the downturn.
|
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Switzerland, Greece Amend Double Tax Pact 11/8/2010 The Swiss government has announced that it has signed a protocol to the convention
for the avoidance of double taxation and fiscal evasion with respect to taxes
on income with Greece, signed originally on June 16, 1983.
|
 |
Guernsey Signs TIEA With Greece 10/13/2010 The Guernsey government on October 11 announced that it had signed a Tax Information
Exchange Agreement with Greece.
|
 |
UK Leads EU Tax Rate Hikes 10/12/2010 New research from KPMG has shown that workers in the United Kingdom are suffering more than most as a result of post-crisis tax policy, with the UK’s
personal income tax rates now the fourth most punitive in Europe, up from thirteenth
a year prior.
|
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Greek Cabinet Approves 2011 Budget 10/8/2010 During a recent council of ministers meeting, the Greek government adopted its
ambitious 2011 budget bill, designed to reduce the public deficit and provide for a number of fiscal measures.
|
 |
Cayman Islands Transparency Recognized By OECD 10/7/2010 The Cayman Islands has noted the official adoption by the Organisation for Economic
Cooperation and Development’s Global Forum on Transparency and Exchange
of Information, at its recent meeting at Singapore, of a report detailing the
territory’s progress in adhering to international standards, particularly
in the realm of tax transparency.
|
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EC Attacks Discriminatory Taxes 10/4/2010 The European Commission has sent formal requests to Germany, Greece and Belgium to change their tax rules as it considers them to be discriminatory.
|
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Greece Brings Forward Corporate Tax Cuts 9/16/2010 During a recent keynote speech on the economy in Thessaloniki, Greek Prime Minister
George Papandreou ruled out the introduction of further austerity measures, and
announced plans to cut the tax rate on companies’ retained profits from
24% to 20% from next year, ahead of schedule.
|
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EC Amends Decision On Greek Deficit Reduction 9/10/2010 The European Council has adopted a decision amending decision 2010/320/EU on the
strengthening of budgetary surveillance and the reduction of the government deficit
in Greece.
|
|
Greece Qualifies For Second Loan Installment 8/23/2010 On 19 August, the European Commission assessed measures taken by Greece to comply with the council decision of 10 May 2010 to remedy the situation of excessive deficit. The overall positive report is set to pave the way for the next wave of loans.
|
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Greece Makes Progress With Fiscal Plan 8/9/2010 Greece has made a 'strong start' towards the implementation of its fiscal austerity package according to the European Commission, although an international assessment team has conceded that 'important challenges and risks remain.'
|
 |
Switzerland Welcomes International Stabilization Programme 5/18/2010 The Swiss Federal Council has welcomed the international
stabilization programme with respect to the euro zone crisis.
|
|
OECD 'Tax Wedge' Falls 5/11/2010 The Organisation for Economic Cooperation and Development has published its annual report on 'Taxing Wages 2008-2009,' an overview of the share of tax and social security charges in the total cost of employment.
|
|
Greek Parliament Backs Austerity Measures 5/10/2010 In a bid to secure the EUR110bn three-year bailout package agreed with the European
Union and the International Monetary Fund in Brussels recently, the Greek parliament
has approved the latest wave of austerity measures unveiled recently by the government,
including a number of significant tax rises.
|
|
Greek Car Tax Infringes EU Law 5/6/2010 The European Commission has decided to continue the infringement procedure
against Greece on its car registration system, which the Commission has said
still discriminates against used cars bought in other member states, despite
some modifications in the law.
|
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Gurria Supports Greek Plan 5/5/2010 Angel Gurria, Secretary-General of the Organisation for Economic Cooperation and Development, has issued a statement in which he welcomed the fiscal consolidation plan and loan package agreed by the Greek government, its Euro area partners and the International Monetary Fund.
|
 |
German SPD Seeks EU Financial Tax 5/6/2010 Determined to ensure that taxpayers in Germany do not bear the huge burden of
the financial crisis, the Social Democrats are calling for the introduction
of a European financial markets tax to be levied on all financial products –
on the one hand to cover the costs of the aid package for Greece, and on the other
to create a fund for future financial crises.
|
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Greece Unveils New Austerity Measures 5/4/2010 Determined to secure the EUR110bn three-year bailout package agreed by European
finance ministers and the International Monetary Fund in Brussels recently, Greece
has unveiled a new wave of austerity measures – including further, significant,
increases in taxation.
|
|
Schäuble Pacifies German Taxpayers 5/3/2010 With no-one quite sure as to precisely how much money Greece requires in order
to avoid bankruptcy, and with estimates continuing to soar, Germany’s Finance
Minister Wolfgang Schäuble has endeavoured to assuage the growing fears of
taxpayers in Germany by emphasizing that any financial aid accorded to Greece
should not result in increased costs for the country.
|
 |
Greek Crisis Impacts German Tax Plans 4/29/2010 Unconvinced that the Greek government – on the brink of bankruptcy –
will be able to repay in full the billions of euros of aid provided by its European
Union partners, Hermann Otto Solms, finance expert of Germany’s Free
Democratic Party believes that the use of German tax money can not be ruled
out.
|
 |
Fewer European Patents Filed In 2009 4/28/2010 The number of European patent applications filed last year fell for the first time in 20 years, according to data released by the European Patent Office.
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