So what was the point of all that then? I refer of course to the humiliating conclusion for Greece in its attempt to renegotiate its bailout terms. Almost unbelievably, after six months of deadlock and brinksmanship... Read Full Article »
Well, the constitutional situation in the UK just gets all the more confusing, doesn't it? Scottish voters rejected independence in last September's referendum, yet Scotland is to receive more powers over tax and public spending... Read Full Article »
It would have been better if Russia had abolished its "recycling" fee altogether, but it has done the next best thing by removing the exemptions for domestic manufacturers. It's not like Russia to roll over so easily (it's only a few weeks since the EU and others complained to the WTO about the levy), so it's tempting to suppose that this is part of the Sochi effect, a general clearing out of difficult and embarrassing dossiers in advance of the Games in February. I wonder what other rabbits Mr Putin will produce from his hat during the next few weeks in order to bring us to the starting line in a glow of bonhomie? Read Full Article »
It's Christmas week, isn't it, so obviously lots of governments will be making goodwill gestures to their stressed-out, over-taxed citizens, to show how grateful they are for the tax money that pays for their big, black cars, the trips to G3, G5, G8, G20, G30 junkets in beautiful places with long-legged personal assistants and the rest. Well, let's see: Mexico is increasing the scope of VAT and has gone back on some promised tax reductions; Max Baucus wants to reduce energy tax incentives (increase taxes, in other words and am I seeing things, or does he have a double who's going to be the Ambassador to Japan. Read Full Article »
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