France bosses urge $39bn payroll tax cutsExecutives 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 More… |
Britain slashes spending, raises VATBritish 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 More… |
US, Germany weigh tax cuts, markets buoyedThe 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 More… |
Kuwait slashes tax on foreign firmsKuwait 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 More… |
Bush unveils $150bn economic packagePresident 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 More… |