Economists are already discussing the expected results from BREXIT on the global business, and this is not an unknown fact. Every aspect is put in perspective, before and after one of the largest economies in the World leaves the European Economic Block... Read Full Article »
There has been a generally underwhelming response from businesses in France about the Government's long-trumpeted plans to install a 28 percent intermediate rate of corporate tax... Read Full Article »
The apocalypse has been cancelled. Or perhaps it has merely been put on hold. Either way, it is clear that the major economic convulsions that many predicted would be unleashed by a UK vote for Brexit have barely registered ... Read Full Article »
My, they really want Britain to stay in the European Union, don't they! In the last few days, we've had no less than the leader of the free world imploring the UK to remain in the EU. Then, the OECD which numbers many EU member... Read Full Article »
I didn't think it was possible for the US tax system to get much worse, but apparently it just has. To be precise, 1.6 billion hours worse for individuals and pass-through business owners. This is an astonishing amount of time to waste... Read Full Article »
Usually, a government's response to an increase in undesirable activity by its citizens and companies is to tax that particular activity. Therefore, with many of us intent on gorging ourselves to death on an abundance of deliciously... Read Full Article »
For many decades, Germany has been the economic nucleus of the EU. This economic success is due to the 'Mittlestand' (SMEs). These firms form the backbone of the German economy. Read Full Article »
Common sense you surely needn't look for in the European inheritance tax labyrinth, demonstrated this week by the latest twist in the French/Swiss farrago. I'm not even going to try to opine on the combatants' positions. It's obvious to everyone (me, that is) that inheritance tax ought to be abolished. It's immoral to tax money that has already been taxed; and it's doubly immoral to get in the way of inter-generational transfers. The relationship between parents and children is fraught enough already without government stepping between them. Read Full Article »
As usual during this period of fiscal stress for countries across the world, we look in vain for any cuts in taxes. But at least in Malta they are trying to improve matters for businesses through simplification of the tax system and throttling back the impositions of government. As I say that, I can already hear the offended wailings of the anti-brigade: oh, but Malta is offshore, it is a tax haven, it steals revenue from big "respectable" countries like Germany by helping banks and gaming companies with low tax rates Read Full Article »
Germany is in the grips of its economically destructive Grand Coalition agreement, which we have previously had cause to criticize, and which will prevent any business-friendly tax measures from being implemented for as long as it lasts, so we should at least give a subdued cheer for Finance Minister Schauble's determination to press ahead with an increase in the pension age, although the increase, from the current 65 (as almost everywhere) to 67 by (wait for it) 2029, is underwhelming. Life expectancy in Germany has risen by 10 years in the last 50 years to 80 years at present: that may not sound very much, but consider that post-retirement lifespan has therefore gone up from 5 years to 15, on average, while the retirement age has not changed. Read Full Article »
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