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Stories that are tagged 'luxury tax'

Russia Hikes Gas Tax, Rethinks Luxury Tax
5/4/2012
The Russian government has confirmed proposals to hike the tax paid by natural gas extractors, hitting both the majority state-owned Gazprom as well as private ventures.
Taiwan Could Repeal Luxury Tax In Reform Package
3/26/2012
In a parliamentary reply, Taiwan’s Finance Minister Christina Liu confirmed that, while luxury taxes will be eliminated at some point, it will only happen after permanent property taxes have been introduced within future tax reforms.
Taiwan Forms Tax Reform Study Group
2/22/2012
Christina Liu, the new Minister of Finance, has confirmed that a task force will be convened towards the end of next month by Taiwan’s Premier Sean Chen, to help examine and propose tax reform policies.
Taiwan Looks At A Windfall Tax
2/6/2012
Christina Liu, who will be Taiwan’s Minister of Finance in the cabinet reshuffle after the last month’s elections, has disclosed that she intends to appoint a committee to look at the government’s tax reform options, including a possible windfall tax.
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.
Greek Cabinet Approves Austerity Bill
6/23/2011
Marking a further, significant step forward in its vital bailout deal with the European Union and the International Monetary Fund, the Greek cabinet has approved the country’s medium-term fiscal plan as well as the government’s implementation bill.
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’.
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.
Taiwan Brings Forward Luxury Tax
5/24/2011
The Ministry of Finance has announced that the Selective Goods and Services Sales Tax Act, which establishes Taiwan’s new luxury taxes targeted at reducing speculative property purchases and a widening wealth gap in the economy, are to take effect earlier than originally expected on June 1.
Connecticut Boating Industry Saved Tax Hikes
4/29/2011
The boat industry in Connecticut has lauded the government’s decision to u-turn on plans to impose significantly higher taxation on recreational boating after lobbying by concerned parties.
Taiwan's Government Approves Luxury Tax
3/11/2011
Taiwan’s government has approved the imposition of a new tax on speculative property transactions, as well as on luxury items, in the second half of 2011.
Bulgaria's Djankov Hints At Tax Referendum
1/25/2011
In the wake of increased calls for a vote of no confidence in the government, Bulgaria’s Finance Minister Simeon Djankov announced the preparation of legislative amendments, designed to ensure that changes to direct taxes imposed on individuals and corporations would only be implemented following a national referendum.
Bulgaria Keeps Faith In Low Taxes
11/15/2010
The Bulgarian parliament has approved the government's budget plan for 2011, which keeps the main rates of income tax on hold in the interest of maintaining the country's competitiveness. However, the government has decided not to proceed with a planned increase in taxation on luxury homes.
Venezuela Mulls Tax Reform
11/11/2010
Jorge Giordani, Venezuela's Minister of Planning and Finance is seeking the National Assembly's approval for a tax reform program which reduces the government's dependence on oil revenues.
Ukraine Tax Code Published
8/9/2010
On August 3 the Ukraine government published a new draft Tax Code for public consultation prior to a second reading in Parliament. However, it quickly became known that Deputy Prime Minister Sergei Tigipko, who headed the working committee responsible for the Code, was not consulted.
Ukraine Widens Luxury Tax
4/6/2010
The Ukrainian Ministry of Finance has announced that it is to increase the scope of its luxury tax as part of a number of measures to expand revenue streams in the 2010 budget.
Bulgaria Adopts Anti-Crisis Measures
4/6/2010
It has recently emerged that Bulgaria’s government has approved a series of anti-crisis measures designed to combat the effects of the economic crisis on the state budget and the national economy, which include a number of tax initiatives.
Greece: Eurogroup May Demand Additional Fiscal Measures
2/22/2010
Greece is to implement additional budgetary measures and to introduce new taxes if the government’s recently announced austerity programme proves insufficient in combating the country’s economic crisis, European Union finance ministers have warned.

 

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