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Greece Unveils 2013 Austerity Budget

On the brink of bankruptcy and about to enter a sixth year of recession, debt-ridden Greece has recently unveiled details of its draft 2013 austerity budget, aimed at appeasing its international creditors and securing disbursement of the next loan tranche, and providing for painful new spending cuts totalling EUR7.3bn (USD9.4bn).
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UK 'Pasty Tax' Enters Into Force

Controversial changes to the tax treatment of hot food in the UK entered into force on October 1, leading experts and retailers to call for rethink of the value-added tax system.
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Nigeria Confirms Plans To Increase Tax Take From Oil

Nigeria's Oil Minister Diezani Alison-Madueke has defended the increased level of taxation on oil fields in deep offshore waters that could be imposed if the proposed Petroleum Industry Bill were to be passed by parliament.
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Italian Business Would Trade Incentives For Tax Reduction

The President of Confindustria (the Italian industrial federation), Giorgio Squinzi, has pronounced that, as Italian businesses are currently being destroyed by the high level of taxation in the country, they would be willing to give up all existing corporate tax incentives in return for a tax reduction.
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IBEC Raises Concerns About Labour, Property Taxes

The Irish Business and Employers Confederation has raised concerns about the operation of Ireland's planned new property tax and warned that any government-imposed increase in labour costs will hit the economic recovery.
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