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Germany Unites On Draft 2013 Finance Act 5/24/2012 The German cabinet has recently united on the country’s 2013 finance bill,
together with the transport tax amendment bill, modifying both the motor vehicle
tax law and the insurance tax law.
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Italy Explains New Local Property Tax 5/24/2012 The Italian Treasury has issued a circular which attempts to explain the complex
regulations surrounding the introduction of IMU, the new unified local property
tax, which formed the major revenue-raising measure within the government’s
‘Save Italy’ budget finalized in December last year.
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CBO Warns Of Recession Risks Of US 'Fiscal Cliff' 5/25/2012 The Congressional Budget Office has illustrated the difficult choices that
United States political leaders face in formulating the right fiscal policies
to counteract what has been called the largest tax increase in history, set to
take place on January 1, 2013.
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UK Fiscal Plan Under IMF Microscope 5/23/2012 The International Monetary Fund in its latest Article IV consultation with the United Kingdom has acknowledged that a slower pace of fiscal consolidation is appropriate in light of the risks to the nation's economic outlook, but says that revenue-neutral reforms can be undertaken to improve growth prospects.
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Germany Leads G8 On Fiscal Policy 5/24/2012 Commenting on the outcome of the recent G8 summit meeting in Camp David, German
Chancellor Angela Merkel insisted that all member states are currently in agreement
that there should not be any new fiscal stimulus packages in the traditional sense
to boost the economy.
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Spain's Montoro Reiterates Need For Consolidation 5/23/2012 During a recent presentation to the Spanish Institute of Economic Studies,
Spain’s Finance Minister Cristobal Montoro insisted that the only way out
of the crisis is to reduce the public deficit.
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Norway Updates 2012 Budget 5/23/2012 The Norwegian finance ministry has recently published details of the country’s revised 2012 fiscal budget, in which the government emphasizes the need for fiscal constraint.
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Dutch Report Substantiates Need For Austerity Budget 5/21/2012 The Dutch government has recently presented to parliament the Annual Financial
Report for 2011, pointing to ‘disappointing’ economic growth and
to a shortfall in fiscal revenues last year, and confirming the need for the
additional fiscal measures adopted by the Dutch parliament on April 26.
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Slovakian Lawmakers Back Fico's Austerity Programme 5/21/2012 Following weeks of debate, the Slovakian parliament has finally adopted by 82
votes to 53 the government’s austerity programme, designed to reduce the
budget deficit from 4.8% currently to below 3% of gross domestic product in 2013, and containing plans to increase taxes on the rich and on banks as well
as providing for savings of around EUR1.5bn (USD1.9bn).
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Belgium Warned Of Further Austerity Ahead 5/18/2012 Belgium’s Federal Planning Bureau, providing economic analyses and forecasts
for the government, has recently announced that if Belgium is to limit its public
deficit to 2.15% of gross domestic product in 2013 and to re-establish
a balanced budget in 2015, in line with its targets, new measures totalling
around EUR11bn (USD14bn) will be necessary, of which EUR3bn from next year.
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Greggs Chief Slams UK 'Pasty Tax' 5/17/2012 The UK government’s ‘pasty tax’ will result in higher unemployment, store closures and reduced investment, the head of bakery retailer Greggs has said.
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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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St Lucia Eyes Income Tax Cuts, After VAT Implementation 5/16/2012 The government of Saint Lucia has outlined new tax measures in its
latest Budget to shift the tax burden from
direct to indirect taxes.
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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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Austria's 'Historic' Stability Pact Signed 5/14/2012 The Austrian finance ministry has announced the recent signing in Vienna of
the agreement on the Austrian Stability Pact 2012 between the Austrian federal
government, states and municipal authorities.
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Luxembourg May Extend Budget Measures 5/10/2012 During a recent address on the state of the nation, Luxembourg’s Prime
Minister Jean-Claude Juncker presented the government’s declaration on
the current economic, social, and financial situation in Luxembourg, indicating
crucially that the fiscal initiatives taken on April 27 to consolidate the public
finances will have to be extended beyond 2014.
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Hungary To Abolish Bank Tax 5/11/2012 The Hungarian government has announced plans to halve the country’s bank
tax in 2013, before subsequently abolishing the levy in 2014.
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Spain 'Confident' 2012 Budget Plans Will Spark Growth 5/10/2012 Spain’s Secretary of State responsible for Budget and Expenditure Marta
Fernandez Curraz has recently defended the country’s budgets for 2012, insisting
that they are based on discipline and fiscal consolidation, to enable the government
to confidently overcome the crisis.
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Ireland Publishes ESM Bill 5/9/2012 Ireland's Minister for Finance Michael Noonan has published the European Stability Mechanism Bill 2012 as part of the government's commitment to ensure that the Irish people are fully informed in casting their votes on the Stability Treaty.
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Australian Budget Scraps Planned Business Tax Cuts 5/10/2012 A planned cut to business tax rates will not go ahead in Australia, as the government seeks to redirect projected mining tax revenue to help families and small businesses in the face of ongoing disputes with opposition parties.
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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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UK Peers Warn Over Transaction Tax Implications 5/9/2012 The UK’s House of Lords has once again attacked plans by the European Commission for a Europe-wide financial transaction tax, warning that if introduced, the UK could account for 71% of the revenue it would raise.
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Liechtenstein Eyes Tax On Swiss Cross-Border Workers 5/7/2012 During a recent sitting, the Liechtenstein government adopted a report pertaining
to a second package of expenditure- and revenue-based measures, designed to consolidate
the state finances in line with the country’s 2012-2015 financial plan.
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Spanish U-Turn Sees VAT Rise In 2013 5/4/2012 Marking a dramatic about-turn, the Spanish government has confirmed plans to introduce
a ‘notable’ rise in value-added tax and to increase special taxes imposed on alcohol and tobacco next year.
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Morocco Launches 'Citizen's Budget' 5/3/2012 Determined to improve fiscal transparency, a priority of Morocco’s new
government, the Moroccan economy and finance ministry has recently launched
the ‘Citizen’s Budget’, and has published in Arabic a Moroccan
citizen’s guide to the country’s 2012 finance law.
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Italy Hopes To Avoid Future VAT Increase 5/3/2012 In recognition of the need to reduce public expenditure as much as possible so
as to contain taxpayer burdens, the Italian government has announced the framework
of a spending review to be undertaken in the next month.
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Luxembourg Outlines Fiscal Consolidation Plans 5/2/2012 Luxembourg’s Finance Minister Luc Frieden has recently presented the country’s
stability and growth programme for 2012-2015, which includes fiscal consolidation
measures approved by government on April 27.
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Dutch PM Confirms Bank Tax Rise 5/2/2012 The caretaker Prime Minister of the Netherlands Mark Rutte has confirmed that the country's proposed bank tax will be increased as part of the government's latest budget agreement, designed to reduce the deficit to 3% of gross domestic product next year.
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Di Pietro Calls For Tax Treaty With Switzerland 5/1/2012 Antonio di Pietro, the former anti-corruption magistrate and present
leader of the Italia dei Valori opposition party, has written in his blog that
the Italian government should now be looking to garner the EUR40bn (USD53bn) in
tax revenue that could be available by concluding a tax treaty with Switzerland.
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Ireland Completes Latest Bailout Review 5/1/2012 Ireland has achieved all the targets set under its bailout agreement, the European Commission, European Central Bank and International Monetary Fund have said in their latest quarterly review, news welcomed by the Irish government.
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Dutch Lawmakers Unite On Austerity Budget 5/1/2012 Despite the recent collapse of Mark Rutte's minority coalition government and
ensuing panic on the already anxious markets, the Dutch parliament has finally adopted
the country’s budget package, designed to reduce the budget deficit to
3% of gross domestic product in 2013, and providing for savings of around
EUR12bn (USD15.9bn) next year.
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New Zealand Determined To Return To Surplus 5/1/2012 New Zealand's 2012 Budget will aim at ensuring the government remains on track towards securing a budget surplus in 2014/15, a challenge which will require tight control over spending for the foreseeable future, the Finance Minister Bill English has said.
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Canada Legislates For Measures To Boost Business 4/30/2012 Canadian Finance Minister Jim Flaherty has introduced legislation to implement key elements of his 2012 Budget designed to improve conditions for business investment.
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Ireland Details Planned Stability Treaty Legislation 4/30/2012 Ireland's Finance Minister Michael Noonan has outlined plans for future legislation that would implement key provisions of the European Stability Treaty, were the Irish people to vote in favour of adopting it at a forthcoming referendum.
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Geithner Finds Progress In US-China Trade Relations 4/30/2012 In remarks made to the Commonwealth Club of California in San Francisco, Timothy
Geithner, the US Treasury Secretary, reviewed the development of the trading and
economic relationship between the United States and China, and pronounced that
significant progress has been made.
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Dutch Opposition Shuns Austerity Path 4/27/2012 During an emergency debate in parliament, following the shock resignation of Mark
Rutte’s minority coalition, leader of the Dutch Social Democrat opposition
party Diederik Samson underlined the need to move away from the controversial
austerity course.
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Austria's Tax Revenues Rise 4/26/2012 The Austrian finance ministry has recently published details of its tax revenue
figures for the first quarter of the year, showing total income from January to
March 2012 of around EUR16.2bn (USD21.4bn), up by approximately EUR600m or 3.8% from the first
quarter of 2011.
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Hollande Eyes Growth-Orientated Fiscal Compact 4/26/2012 With just days to go before the second round of presidential elections,
French Socialist candidate François Hollande, currently ahead of his rival
Nicolas Sarkozy in the opinion polls, recently welcomed remarks made by President
of the European Central Bank Mario Draghi on the need to conclude a eurozone
pact on growth, to complement the fiscal compact aimed at strengthening budgetary
discipline among member states.
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Italian Government Urged To Reduce Tax Burden 4/25/2012 While the Italian government has stressed that there will be no need for new taxes
in a further budget this year, the Court of Auditors and the Bank of Italy, in
their testimony to the Chamber of Deputies on the recently-issued 2012 Economic
and Financial Document, have emphasized, instead, that tax burdens have to be
reduced as soon as possible.
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New Taxes In Hungary's Euro Plan 4/26/2012 The Hungarian government has recently adopted the second part of its ‘Szell
Kalman’ plan, forming part of the country’s euro convergence programme and containing new tax measures to help shore up its revenue base.
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Italy Has No Plans For Wealth Tax 4/25/2012 In his testimony to the Italian Chamber of Deputies’ economic and finance
committee, the Deputy Economy Minister Vittorio Grilli confirmed that the government
has no plans to introduce a wealth tax, or any other new taxation, in a further budget.
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Canadian Province To Introduce HST 4/23/2012 The Canadian province of Prince Edward Island will move to a harmonized sales tax system from April next year, with the government expected to table a package of legislative reforms later this year.
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Spain Defends 2012 Austerity Measures 4/23/2012 During a recent address to congress to present and explain the government’s
2012 budget, Spain’s Secretary of State for Finance Miguel Ferre underscored
that the tax measures provided for in the budget plans will enable the country
to achieve its fiscal consolidation targets.
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Dutch PM Seeks Opposition Agreement On Budget Cuts 4/24/2012 Determined to retain the country’s much-coveted triple A rating, Dutch Prime
Minister Mark Rutte is now seeking to swiftly conclude a budget deal with the
opposition, following the recent collapse of talks with right-wing ally the Freedom
Party.
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France Keeps Fiscal Programme On Track 4/20/2012 French Finance Minister François Baroin and Budget Minister Valérie
Pécresse have recently reaffirmed the government’s growth forecast
for 2012 and 2013, and confirmed the planned path to return the country’s
public finances to balance, as laid out in the 2011-2016 stability programme,
achieved notably by means of targeted expenditure- and revenue-based measures.
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Austria's Fiscal Policy Backed By Fitch 4/19/2012 Austria’s Finance Minister Maria Fekter has recently welcomed the triple
A rating accorded to Austria by ratings agency Fitch, which endorsed the government's 2012 budget consolidation package.
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Italian Tax Burdens Rise As Economy Stalls 4/20/2012 In its 2012 Economic and Financial Document, the Italian government has
reduced its economic growth forecasts for this year, admitted it will not be able
to eliminate completely its fiscal deficit next year, and released figures showing
further increases to the already-onerous burden on Italian taxpayers.
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Cyprus Committed To Deficit Reduction Targets 4/18/2012 Cyprus's Finance Minister Vassos Shiarly has expressed confidence that the nation will be able to meet the deficit reduction targets agreed with Europe and its Russian creditors.
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Tunisia Consults On Complementary Finance Bill 4/17/2012 The Tunisian committee responsible for planning, finance and development within
the National Assembly have recently examined the country’s 2012 complementary
finance bill, including the key fiscal measures contained in the draft law.
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Austria, Switzerland Unite 'In Principle' On Tax Deal 4/16/2012 Austria’s Finance Minister Maria Fekter has announced that an agreement
in principle has now been reached on the tax treaty between Austria and Switzerland.
|
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Antigua And Barbuda's Finances Back On Even Keel 4/13/2012 The International Monetary Fund has recently conducted three reviews of Antigua and Barbuda's performance under a financial assistance package negotiated in June 2010.
|
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TIGA Considers Format Of UK Games Tax Relief 4/13/2012 TIGA, the trade association representing the UK games industry, has urged input
from design studios on the functioning of a tax credit, promised by the UK government
in its latest budget after years of industry lobbying for fiscal support.
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Osborne 'Shocked' By UK Tax Dodging 4/13/2012 George Osborne has admitted to being 'shocked' by high levels of tax avoidance amongst the UK's wealthiest people, hinting at his support for a so-called 'tycoon tax'.
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Czech Cabinet Unites On Austerity Package 4/13/2012 Following months of internal conflict, the Czech cabinet has finally adopted the
comprehensive savings programme agreed by the coalition parties, containing a
raft of savings measures and planned tax rises aimed at consolidating the country’s
finances.
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Sarkozy Outlines Ambitious Campaign Tax Plans 4/13/2012 France’s outgoing President Nicolas Sarkozy has recently unveiled details
of his election proposals aimed at creating ‘a strong France’, and
containing a raft of tax measures, intended to attract voters.
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No Quick Fiscal Fix For Heavily-Indebted Nations 4/12/2012 The Organisation for Economic Cooperation and Development has published a new
study, warning of the extraordinary measures that are required to achieve fiscal
consolidation in many advanced nations, now also facing expenditure pressures
from ageing populations.
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French Farmers Reap Benefits Of Fuel Tax Perk 4/11/2012 The French budget ministry has recently announced that requests for the partial reimbursement
of the taxes levied on fuel oil, off-road diesel and natural gas for 2011, applicable
to those engaged in agricultural activities, are to be submitted by April 15,
2012.
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France's Hollande Unveils 'Vast' Tax Reform Plans 4/11/2012 Bernard Cazeneuve, spokesman for the French Socialist presidential candidate
François Hollande, has recently unveiled details of Hollande’s tax
reform plans, designed to simplify and to make more transparent the current tax
system, and to create greater fiscal justice in France, reflecting true Republican
values.
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Philippines Sees Tax Revenues Surge Early In 2012 4/9/2012 Despite rising government spending, the Philippines saw a much reduced PHP5bn budgetary deficit in the first two months of 2012, with the Bureau
of Internal Revenue achieving a significant rise in revenues.
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UK Taxpayers Educated On Working Tax Credit Changes 4/9/2012 The Low Incomes Tax Reform Group in the United Kingdom has warned a number
of groups of tax credit claimants that they need to contact the UK tax authority,
HM Revenue and Customs, if they want to continue to receive working tax credits,
following the enactment of Budget provisions.
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New Zealand Doing Well, IMF Says 4/9/2012 The International Monetary Fund has praised New Zealand's deficit reduction plan and called the government's macroeconomic stance appropriate in its latest review.
|
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Canada Promotes Budget's Trade Benefits 4/6/2012 Canada's 2012 Budget will help expand trade and open new markets for businesses, the Minister in charge has said.
|
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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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Ireland Faces Fiscal Dilemma 4/5/2012 Irish policy makers face a clear dilemma in choosing an appropriate medium-term fiscal stance, the country's budget watchdog has said, warning that additional austerity measures may be necessary to meet targets.
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St Lucia Confirms Upcoming VAT Regime 4/3/2012 The government of the Caribbean territory of Saint Lucia has confirmed that a value-added tax regime will be introduced from September 1, 2012.
|
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Austria On Track For Zero Deficit 4/3/2012 Austria recorded a significantly lower budget deficit for 2011 than previously
forecast, well below the 3% Maastricht threshold, due to substantially higher
tax revenues, according to the Austrian finance ministry.
|
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Ontario's Finance Minister Unveils 2012 Budget 4/3/2012 Ontario will not lower its corporate tax rate until the budget is balanced, the province's Finance Minister has said.
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Spain Unveils Tough Austerity Budget 4/3/2012 The Spanish government of Mariano Rajoy has recently unveiled details of Spain’s
2012 austerity budget, the toughest in recent history, providing for savings totalling
around EUR27.3bn (USD36bn), and including the EUR15bn in tax rises and expenditure
cuts announced back in December.
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BC Loan Repayment Boosts Canadian Finances 4/2/2012 British Columbia's repayment of sales tax transition loans helped the federal Canadian government to its first monthly budgetary surplus in nearly three years.
|
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UK Legislates For Budget Tax Measures 4/2/2012 The UK government has published Finance Bill 2012, which legislates for tax measures included in both the 2012 and 2011 Budgets.
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Austrian Lower House Backs Savings Package 3/30/2012 The Austrian national council has recently adopted the government’s savings
package, providing for savings between 2012 and 2016 of around EUR17.3bn (USD22.7bn) and for
additional tax revenues of approximately EUR9.2bn, achieved predominantly by closing
existing tax loopholes.
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No New Taxes In Budget For Canadians 3/30/2012 The Canadian government has left tax rates on hold for another year in the 2012 Budget, announced by Finance Minister Jim Flaherty on March 29.
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Slovakia's Fico Eyes End To Popular Flat Tax 3/30/2012 Tasked by Slovak President Ivan Gasparovic with the role of forming a new government,
Slovakia’s recent election victor Robert Fico has announced plans to abolish
the country’s flat tax and to reintroduce a progressive system of taxation.
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Jersey Assesses UK Stamp Duty Measures 3/29/2012 Jersey Finance, the agency responsible for the promoting the island's finance industry,
has responded to measures in the UK budget which seek to prevent stamp duty tax avoidance on the purchase of high-value property in the UK via offshore company structures.
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Juncker Seeks Alternatives To FTT 3/29/2012 During a recent conference in Brussels, Luxembourg’s Prime Minister and
Eurogroup President Jean-Claude Juncker expressed his reservations regarding
the idea of a tax on financial transactions, advocating instead that an alternative
be examined.
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Finland Unveils 2012 Supplementary Budget 3/28/2012 The Finish government has recently unveiled details of its 2012 supplementary
budget proposal, revising the tax revenue estimate upwards and providing for an
increase in expenditure.
|
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No New Taxes In Quebec Budget 3/27/2012 Québec's 2012 Budget contains no new taxes, with the provincial government maintaining its effort to return to a balanced budget.
|
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Germany Unveils 2012 Supplementary Budget 3/26/2012 The German finance ministry has recently unveiled details of its 2012 supplementary
budget bill, authorizing Germany’s financial contribution to the financial
resources of the permanent financing mechanism, the European Stability Mechanism,
due to enter into force in July of this year.
|
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BC Panel Seeking Views On Business Taxation 3/26/2012 British Columbia’s Expert Panel on Business Taxation is seeking submissions to inform its work on business tax competitiveness.
|
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Turks And Caicos On The Mend After Fiscal Reform 3/23/2012 The Chief Financial Officer of the Turks and Caicos Islands interim government,
Hugh McGarel-Groves, has reported significant progress towards correcting the territory's
deficit after a raft of measures introduced last year.
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Luxembourg Urged To Modify Fiscal Policy 3/23/2012 The Luxembourg government has recently published a report on the macroeconomic
forecast and the development of public spending for 2011-2015, which states that
without a change of fiscal policy, the country will not be able to achieve a balanced
budget in 2014, and warns that the public deficit might even exceed 3% of gross
domestic product in 2013.
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Bundesbank Chief Slams 'Unambitious' Savings Plans 3/26/2012 Bundesbank President
and former economic advisor to Chancellor Merkel, Jens Weidmann, has recently criticized
the government’s medium-term savings plan as ‘not ambitious enough’.
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UK Budget Delivers Tax Cuts 3/23/2012 George Osborne has delivered a Budget that ‘unashamedly backs business’, slashing the top rate of personal income tax and accelerating corporate tax cuts.
|
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Cantor Proposes US Small Business Tax Cut 3/23/2012 The United States House of Representatives Majority Leader Eric Cantor has introduced the Small Business Tax Cut Act of 2012, aimed at helping small
businesses to grow and to hire new workers.
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EU Parliamentary President Slams Merkel On FTT 3/22/2012 During a recent gathering of the German Social Democrats in Berlin, President
of the European Parliament Martin Schulz called into question whether German
Chancellor Angela Merkel is actually serious about the introduction of a financial
transactions tax.
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GOP Budget Provides US Tax Cuts 3/22/2012 The Republican Party’s 2013 budget, proposed by the House of Representatives
Budget Paul Ryan (R – Wisconsin), which reduces government spending to curb
its fiscal deficit and debt levels, also includes the framework for a revenue-neutral
reform of the United States tax code.
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Tax Policy Work Programme Unveiled In NZ 3/21/2012 New Zealand’s Revenue Minister has revealed the government’s new tax policy work programme, which consolidates the reforms of recent years and aims to return the country to surplus.
|
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Isle Of Man To Engage Taxpayers On 'Critical' Issues 3/21/2012 The Isle of Man government will hold public meetings to engage with taxpayers on matters
of 'national importance', including tax and budgetary policy, starting this month, it has been announced.
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Sarkozy Pledges To Halve Property Transfer Tax 3/21/2012 French President Nicolas Sarkozy has recently announced plans to significantly
reduce the transfer tax imposed on individuals when moving house.
|
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External Panel To Review NZ Fiscal Policy 3/20/2012 New Zealand’s government has established an independent panel to review the Treasury’s own economic analysis.
|
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German Cabinet Backs ESM Ratification 3/21/2012 The German cabinet has recently approved legislation to ratify the treaty creating
the European Stability Mechanism and backed a bill authorizing Germany
to contribute to the ESM, thereby establishing the requisite domestic conditions
for a new, permanent financing mechanism.
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German Nuclear Tax Row Rumbles On In Court 3/20/2012 Germany’s Federal Fiscal Court has recently
overturned a decision by a court in Hamburg to grant temporary legal protection
to nuclear power plant operators from the coalition government’s nuclear
fuel tax.
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Moroccan Lawmakers Examine 2012 Finance Law 3/19/2012 The Moroccan finance ministry has announced that the country’s 2012 finance bill, providing for a number of key fiscal measures, has recently been submitted to the two chambers of parliament for examination in plenary session.
|
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Indian Budget Signals Further Reform Delays 3/20/2012 India’s 2012 Budget has been unveiled, including a raft of tax measures designed to signal progress in the implementation of a direct tax code and a goods and services tax regime.
|
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Ireland To Extend Betting Tax To Online Bookies 3/15/2012 Ireland's online bookmakers will soon be liable to a transactions tax, bringing the country's internet gambling regime in line with that imposed on high-street shops.
|
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Cut In German Health Contributions Ruled Out 3/15/2012 Bavaria’s Prime Minister and leader of the Christian Social Union Horst Seehofer has categorically rejected the idea of reducing statutory health insurance contribution rates, despite the billions of euros of surplus reserves
currently available in the health sector.
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Families To Lose Most From UK Tax Changes 3/15/2012 Households with children are set to lose the most from the UK's forthcoming tax and benefit changes, the Institute for Fiscal Studies has said.
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UK Pension Industry Calls For Tax Stability 3/16/2012 There should be no further changes to the UK pension tax system, the head of the National Association of Pension Funds has warned the Chancellor of the Exchequer.
|
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Deputy PM Backs UK 'Tycoon Tax' 3/13/2012 The UK's Deputy Prime Minister Nick Clegg has voiced his support for a 'tycoon tax', with a minimum tax rate enshrined in legislation to make sure everyone pays a 'fair share'.
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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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