TAXES

World economy 13th June 2014

Japan’s “growth strategy”

LONDON | By Kyohei Morita and Yuichiro Nagai at Barclays | The Abe administration is currently aiming to reach a Cabinet decision on its new growth strategy and “big bone” economic and fiscal reform plans around end-June. The discussions are far-reaching, but from the perspective of market participants, we believe there are four near-term focal points: 1) corporate taxes; 2) labor market reforms; 3) reforms to the pension system, including the Government Pension Investment Fund (GPIF); and 4) special national strategy zones. Here we focus on corporate taxes, likely the only subject of concrete discussion for the markets in June.

Spanish economy 22nd April 2013

Don’t kill the Spanish pension system: it’s one of the cheapest!

What is threatening the Spanish pension system, Francisco Martín Seco says, is not a longer life expectancy or the population pyramid but policies that drive the entire economy into a permanent recession, like reforms to make the tax system more regressive.

World economy 26th May 2012

Weekend link fest

A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions. How a company becomes a listed company like, let’s say, Facebook Can London pay for the Olympic Games? We give you Mr Hollande Don’t miss how much Africa is growing Hollande tax makes London look…

World economy 16th May 2012

California Gov turns to European austerity

NEW YORK | “Cutting alone really doesn’t do it, and that’s why I’m linking the serious budget reductions — real increase to austerity — with a plea to the voters: please increase taxes temporarily on the most affluent and everyone else with a quarter of a cent sales tax,” California governor Jerry Brown said in releasing his $91 billion general fund budget plan this week. These are not easy days for…

In Europe 21st March 2012

Habemus UK 2012 Budget: happy banks, hurt pensioners, cautious markets

LONDON | Budget Battle began Wednesday after midday in the House of Commons at the rhythm of Hollywood action blockbuster-like slogans, with which chancellor George Osborne wrapped his delivery speech. The Coalition government aimed at convincing Britons in and out the Parliament that it will be able to reduce the deficit while supporting growth. “Britain is going to earn its way in the world,” Osborne shouted at the traditional belligerent level…

World economy 28th February 2012

Federal government benefits for 46 million Americans

NEW YORK | One in seven Americans gets help from the federal government to feed themselves and their families. That is 46 million people, many of whom didn’t need help before the crisis. The current situation now leaves them no choice: their business collapsed, they were part of a company that filed for bankruptcy, they lost their home, bills started to pile up… there are many reasons to sign school-age children…

World economy 26th January 2012

What Obama didn’t say in his State of the Union speech

NEW YORK | In his fourth speech in front of the nation, president Barack Obama addressed the financial crisis and pledged to fight for economic fairness. In the middle of the race to the November election, the president couldn’t find a better moment to speak about inequality. Earlier on Tuesday, Republican presidential nominee Mitt Romney –Obama’s most likely opponent, according to some experts– disclosed that he paid an effective income…

aggregation line 3rd December 2011

Weekend link fest

A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions: How Greenpeace tricked big oil firm representatives into a meeting OPEC summit and worries about oversupply The last major US airlines falls Angela, please, listen I don’t want to pay taxes either! You don’t know…

World economy 25th October 2011

The US new battle arena: tax policy

NEW YORK | Every Republican candidate is trying to get as much political momentum as possible these days. And the tax code renewal is particularly inspiring the frontrunners. Herman Cain’s 9-9-9 tax proposal (9 percent federal sales tax, a 9 percent income tax and a 9 percent levy on businesses) has been a big point of focus, both because of his claims of the plan’s simplicity, as well as the…

World economy 22nd September 2011

The war on taxes

“I don’t mean to get all class-warfare on you… But unless we find a way to spread the burden upward and cut the middle class some slack, it isn’t Greece we will soon be resembling”, writes Ellis Henican for Fox News, “it’s those old Caribbean islands Jimmy likes to sing about. Where a few super-rich families own just about everything. Where the vast majority of others have hardly anything at all.”

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