Thursday 31 July 2014
tax cuts

France bosses urge $39bn payroll tax cuts

Executives from nearly 100 of France's biggest companies called on the Socialist government to cut payroll taxes by 30 billion euros ($39 billion) over two years to regain waning competitiveness. With the government preparing


Britain slashes spending, raises VAT

British finance minister George Osborne produced the harshest budget in a generation on Tuesday, slashing spending, raising taxes and slapping a levy on banks in a drive to cut a record budget deficit to almost nothing in five years. The 3


US, Germany weigh tax cuts, markets buoyed

The prospect of tax cuts in Germany and the United States brought investors a measure of New Year cheer on Monday, and a survey of euro zone investor sentiment showed an unexpected improvement. US president-elect Barack Obama is seeking as


Kuwait slashes tax on foreign firms

Kuwait has enacted a bill cutting taxes on the earnings of foreign firms to 15 per cent from up to 55 per cent and exempting gains of foreign investors from trading on the bourse. A 48-article memorandum detailing how the new law will be i


Bush unveils $150bn economic package

President George W. Bush has called on Congress to give the US economy a 'shot in the arm' with an election-year package of temporary tax cuts and other measures worth up to $150 billion. Bush said the United States, where share markets ha

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