Fernando González Urbaneja | Inflation is reaching unimagined and growing levels. From a cyclical episode last summer, it has become structural, with fuels (oil and gas) as uncontrollable accelerators. On the one hand, there is the direct effect of increases in electricity (affected by gas) and natural gas prices, and also of fuels (petrol and diesel) linked to the price of a barrel of oil. The direct impact of these…
BRUSSELS | By Jacobo de Regoyos | The previous five years of Jean-Claude Juncker’s reign were suddenly thrown into flux following the publication of hundreds of secret documents regarding agreements between the Grand Duchy of Luxemburg-during his premiership- and over 340 multinationals. In essence, this amounted to the facilitation of tailor-made fiscal schemes that allow the payment of a corporate tax close to 1% instead of the stipulated 29%.
BRUSSELS | By Jacobo de Regoyos | The previous five years of Jean-Claude Juncker’s reign were suddenly thrown into flux following the publication of hundreds of secret documents regarding agreements between the Grand Duchy of Luxemburg-during his premiership- and over 340 multinationals. In essence, this amounted to the facilitation of tailor-made fiscal schemes that allow the payment of a corporate tax close to 1% instead of the stipulated 29%.
MADRID | By The Corner | It was a tax loophole worth billions of euros. And finally the EU-28 finance ministers came to a political agreement on Friday to tighten it up. From now on, European tax rules will be tougher on those multinationals trying to avoid taxation. The compromise was possible after Malta dropped its objections to a deal on hybrid loan arrangements. “That is good news for public budgets, good news for honest businesses and good news for those who seek fair taxation in the EU,” Commissioner Algirdas Šemeta said.
In poor and unequal India, the level, type, quality and sustainability of spending are vital issues to debate. But the obsession with spending has crowded out discussions on spending’s Siamese twin: revenues and, more specifically, taxation.