Monday, 07 July 2014 Spain on Friday said it would introduce a blanket taxation rate of 0.03 percent on all bank account deposits, in a move aimed at harmonising regional tax regimes and generating revenues for the country’s cash-strapped… Read More ›
Gross domestic product
French court approves 75 percent company tax on high salaries / one million euros ($1.35 million)
France’s top court on Sunday approved a proposal for companies to pay 75 percent tax on annual salaries exceeding one million euros in line with President Francois Hollande’s drive to limit executive pay at a time of economic hardship. The… Read More ›
Italy’s recession caused as much damage ‘as a war’
Employers’ confederation says country still on ‘a razor’s edge’ 19 December, 19:41 Scrivi alla redazione Giorgio Squinzi, head of powerful Italian industrial employers’ group Confindustria (By Sandra Cordon) (ANSAmed) – ROME – Italy’s deep recession has caused as… Read More ›
Get richer, die younger: study
08 Oct 2013 Paris (AFP) We all live longer when times are good, right? Not so, according to a new study which says that in developed countries, the elderly have a higher mortality rate when the economy goes into higher… Read More ›
Lies, damn lies, and China’s economic statistics
15 Aug 2013 BEIJING (AFP) China has soared almost to the top of the world’s economic league tables, but whether the official data underpinning its status can be trusted is a constant headache, analysts say. Simmering unease regarding China’s economic… Read More ›
China: 700 mountains to be levelled to make way for new town
Saturday, 08 December 2012 Chinese developers are planning to flatten 700 mountains to make way for a new town in the north-west of the country. The nation’s most ambitious “mountain moving” project is slated for a patch of desert the… Read More ›
Germany displaces China as US Treasury’s currency villain
The US Treasury has issued a damning criticism of Germany’s chronic trade surplus in its annual report on worldwide exchange rate abuse, although it stopped short of labelling the country a currency manipulator. The report said Germany’s current account surplus… Read More ›
55 days until fiscal cliff in US: “There is every chance for Moscow to become a new international financial centre”
Pavel Orlov Nov 7, 2012 15:40 Moscow Time Photo: EPA There are 55 days left until a fiscal cliff in the US. In January, all tax remissions for business will be abolished, which means that the White House will have… Read More ›
Greek death spiral raises heat for German-bloc creditors: Public debt will reach 189pc of GDP
Greece’s debt-load is rising much faster than expected as the country spirals into a sixth year of depression, ratcheting up the pressure on Germany and Europe’s creditor states to accept debt-forgiveness for the first time. Greek trade unions have called… Read More ›
Unemployed young cost Europe €153bln a year
Published: 22 October, 2012, 15:57 Edited: 22 October, 2012, 15:57 As many as 14 million young unemployed Europeans cost the region’s economy about 153 billion euro a year or 1.2% of the EU’s gross domestic product, according to the study… Read More ›
If Germany were to leave the euro, it would be better off
Another week, another conference about the euro. This time it was in Singapore. Nevertheless, it was Germany that was uppermost in my mind, not least because several Singaporeans asked me why Germany doesn’t leave the euro. A worker walks by… Read More ›
National Deficit Outlook Unchanged Under Obama: UMD Policy Analysis: Fault on all sides, and a Failure to Act
For Immediate Release September 6, 2012 Contacts: Jennifer Talhelm, 301-405-4390 or jtalhelm@umd.edu Public Policy’s Philip Joyce Offers Election Policy Fact Check COLLEGE PARK, Md. – From a public policy point of view, the national debt accumulation since President Obama took… Read More ›
Engineering Evil 