Tag #Fiscal Policy

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kathimerini.gr

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May 6, 13:16

Greece Considers Rental Income Tax Reforms to Boost Revenue

Greek Finance Minister Christos Staikouras announced potential tax reforms to ease the burden on property owners and renters by adjusting tax brackets for rental income, potentially adding a new bracket between €12,001 and €25,000, aiming to boost tax revenue by increasing declared income, while den...

Greece Considers Rental Income Tax Reforms to Boost Revenue

Greek Finance Minister Christos Staikouras announced potential tax reforms to ease the burden on property owners and renters by adjusting tax brackets for rental income, potentially adding a new bracket between €12,001 and €25,000, aiming to boost tax revenue by increasing declared income, while den...

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What are the underlying reasons for the significant underreporting of rental income in Greece, and how do the proposed changes aim to counter these issues?

The proposed changes are a response to low declared rental income, with many declaring only €255 per month. The government aims to increase tax revenue by incentivizing accurate reporting through tax bracket adjustments and technological improvements. This approach directly addresses underreporting and aims to collect more taxes from higher earners.

cincodias.elpais.com

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May 5, 10:11

Buffett Retires as Berkshire Hathaway CEO

At Berkshire Hathaway's Omaha shareholder meeting, 94-year-old Warren Buffett announced his retirement as CEO, effective year's end, with Greg Abel taking over; Buffett also defended free trade and expressed concern over US fiscal policy.

Buffett Retires as Berkshire Hathaway CEO

At Berkshire Hathaway's Omaha shareholder meeting, 94-year-old Warren Buffett announced his retirement as CEO, effective year's end, with Greg Abel taking over; Buffett also defended free trade and expressed concern over US fiscal policy.

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How does Buffett's staunch defense of free trade contrast with recent protectionist trends, and what are the broader implications?

Buffett's retirement marks a significant shift in the leadership of Berkshire Hathaway, a company he built into a global powerhouse. His strong advocacy for free trade, contrasting sharply with Trump's protectionist policies, also highlighted the event.

forbes.com

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May 4, 04:10

Buffett Retires: Abel to Lead Berkshire Hathaway

At Berkshire Hathaway's annual meeting, 94-year-old Warren Buffett announced his retirement as CEO, handing the reins to Greg Abel; while expressing concerns about U.S. fiscal policy and inflation, Buffett remained optimistic about the country's economic future.

Buffett Retires: Abel to Lead Berkshire Hathaway

At Berkshire Hathaway's annual meeting, 94-year-old Warren Buffett announced his retirement as CEO, handing the reins to Greg Abel; while expressing concerns about U.S. fiscal policy and inflation, Buffett remained optimistic about the country's economic future.

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What are the immediate implications of Warren Buffett's retirement for Berkshire Hathaway and the broader financial markets?

At 94, Warren Buffett announced his retirement as CEO of Berkshire Hathaway, surprising most of the board but not his children, who were informed beforehand. His successor, Greg Abel, will now manage Berkshire's $347 billion cash reserves, a sum accumulated largely since 2022 from operating earnings and stock sales.

english.elpais.com

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May 3, 10:12

Health Taxes: A Crucial Solution for Latin America's Healthcare Crisis

Latin America and the Caribbean's weak economy and high debt hinder healthcare funding; a 50% tax increase on tobacco, alcohol, and sugary drinks could generate US\$41.82 billion annually, improving health and addressing non-communicable diseases, as seen in Colombia and Chile's success with tobacco...

Health Taxes: A Crucial Solution for Latin America's Healthcare Crisis

Latin America and the Caribbean's weak economy and high debt hinder healthcare funding; a 50% tax increase on tobacco, alcohol, and sugary drinks could generate US\$41.82 billion annually, improving health and addressing non-communicable diseases, as seen in Colombia and Chile's success with tobacco...

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Good Health and Well-being

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How have specific countries in the region successfully implemented health taxes, demonstrating their effectiveness in generating revenue and improving public health outcomes?

Increasing taxes on tobacco, alcohol, and sugary drinks by 50% could generate substantial revenue for healthcare, addressing the region's growing health crisis and tackling non-communicable diseases. This approach has proven effective in countries like Colombia and Chile, reducing consumption and improving health outcomes while having minimal negative economic impacts.

theglobeandmail.com

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May 2, 13:18

Carney Prioritizes Economic Growth Amidst Trump Uncertainty

Canadian Prime Minister Mark Carney's government prioritizes boosting long-term economic growth through increased business investment and a revised federal budget, contrasting with his predecessor's approach and aiming to counter the unpredictable influence of US President Trump's policies.

Carney Prioritizes Economic Growth Amidst Trump Uncertainty

Canadian Prime Minister Mark Carney's government prioritizes boosting long-term economic growth through increased business investment and a revised federal budget, contrasting with his predecessor's approach and aiming to counter the unpredictable influence of US President Trump's policies.

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What are the immediate economic implications of Prime Minister Carney's focus on raising Canada's long-term growth rate?

Prime Minister Mark Carney's economic focus contrasts with his predecessor's priorities, aiming to boost Canada's long-term growth rate. This involves increased business investment in technology and R&D to raise worker productivity and subsequently, wages and government revenue. His plan includes a revised federal budget separating regular and investment spending.

npr.org

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May 1, 04:13

Trump's Unilateral Rule: Executive Power vs. Congressional Inaction

President Trump's first 100 days saw a record number of executive actions, exceeding President Biden's total, while Congress passed only five laws, creating a significant power imbalance and raising constitutional concerns.

Trump's Unilateral Rule: Executive Power vs. Congressional Inaction

President Trump's first 100 days saw a record number of executive actions, exceeding President Biden's total, while Congress passed only five laws, creating a significant power imbalance and raising constitutional concerns.

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How does the power dynamic between the executive and legislative branches contribute to the current legislative gridlock?

This stark contrast highlights President Trump's unilateral approach to governance, enabled by his party's control of Washington. He bypassed Congress on key issues like immigration and election law, and empowered Elon Musk to lead government efforts to cut programs without Senate confirmation.

dw.com

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May 5, 16:13

Germany's New Coalition Government: Economic Reforms and Stricter Immigration

Germany's Social Democratic Party (SPD) and the Christian Democratic Union (CDU) signed a coalition agreement on May 5th, 2024, outlining economic reforms such as tax cuts for businesses and individuals, stricter immigration policies including limiting family reunification and accelerated naturaliza...

Germany's New Coalition Government: Economic Reforms and Stricter Immigration

Germany's Social Democratic Party (SPD) and the Christian Democratic Union (CDU) signed a coalition agreement on May 5th, 2024, outlining economic reforms such as tax cuts for businesses and individuals, stricter immigration policies including limiting family reunification and accelerated naturaliza...

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What compromises were made between the SPD and CDU/CSU in the coalition agreement?

The coalition agreement reflects a compromise between the SPD's and CDU/CSU's platforms. While the CDU/CSU pushed for stricter immigration controls and tax cuts, the SPD secured compromises on refugee returns and a more gradual tax reduction timeline. The agreement's focus on economic growth through business incentives and tax cuts suggests a prioritization of economic stability.

lemonde.fr

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May 5, 16:13

France's Soaring Debt Spurs Referendum Debate, Raising Democratic Concerns

France's €3,305 billion debt (113% of GDP) and €58 billion interest payments, alongside a 5.8% deficit, necessitate €40 billion in budget cuts for 2026; a proposed referendum on deficit reduction raises concerns about weakening parliamentary democracy.

France's Soaring Debt Spurs Referendum Debate, Raising Democratic Concerns

France's €3,305 billion debt (113% of GDP) and €58 billion interest payments, alongside a 5.8% deficit, necessitate €40 billion in budget cuts for 2026; a proposed referendum on deficit reduction raises concerns about weakening parliamentary democracy.

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What are the immediate consequences of France's substantial public debt and deficit on its ability to address pressing ecological, economic, and social challenges?

France's public finances are severely degraded, with a debt of €3,305 billion (113% of GDP), €58 billion in interest payments, and a 5.8% deficit. This has led to austerity measures, including €40 billion in cuts planned for the 2026 budget. The government faces the challenge of addressing ecological, economic, technological, and geopolitical issues without worsening social inequalities.

elpais.com

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May 3, 13:15

Spain to Forgo €2 Billion in Tax Revenue to Boost Business Investment and Employment

The Spanish government will reduce tax revenue by €2 billion yearly to incentivize business investment and job creation, while simultaneously implementing new taxes expected to generate €6 billion in net revenue, aiming for unemployment below 10% by 2026.

Spain to Forgo €2 Billion in Tax Revenue to Boost Business Investment and Employment

The Spanish government will reduce tax revenue by €2 billion yearly to incentivize business investment and job creation, while simultaneously implementing new taxes expected to generate €6 billion in net revenue, aiming for unemployment below 10% by 2026.

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What are the potential long-term consequences of this tax reform on Spain's economic growth and unemployment rate?

The long-term impact hinges on the success of job creation initiatives and the effectiveness of incentives in stimulating business investment. The projected economic growth (2.6% in 2025, 2.2% in 2026) is crucial for offsetting revenue losses and achieving the deficit reduction target of 2.5% of GDP in 2025.

sueddeutsche.de

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May 2, 16:14

German Infrastructure Fund: Uncertainty for Municipalities

The 500 billion euro German infrastructure fund, intended to boost the economy, faces uncertainty in its allocation to municipalities like Bad Liebenzell, which need funding for infrastructure projects but face skepticism about receiving sufficient funds due to existing budget shortfalls and potenti...

German Infrastructure Fund: Uncertainty for Municipalities

The 500 billion euro German infrastructure fund, intended to boost the economy, faces uncertainty in its allocation to municipalities like Bad Liebenzell, which need funding for infrastructure projects but face skepticism about receiving sufficient funds due to existing budget shortfalls and potenti...

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Sustainable Cities and Communities

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What immediate impact will the 500 billion euro infrastructure fund have on the funding needs of smaller German municipalities?

The German government's 500 billion euro infrastructure fund aims to stimulate the economy, but its impact on smaller communities like Bad Liebenzell remains uncertain. Local officials express skepticism about receiving sufficient funds for pressing needs such as bridge repairs and expanding the industrial area, despite the fund's scale.

politico.eu

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May 1, 01:16

Sixteen EU Nations to Exceed Budget Limits for Defense Spending

Sixteen European Union countries, including Germany, plan to invoke an emergency clause to raise defense spending by up to 1.5% of GDP annually for four years, exceeding the EU's budgetary limits, with twelve already filing formal requests; the move aims to bolster defense capacities and demonstrate...

Sixteen EU Nations to Exceed Budget Limits for Defense Spending

Sixteen European Union countries, including Germany, plan to invoke an emergency clause to raise defense spending by up to 1.5% of GDP annually for four years, exceeding the EU's budgetary limits, with twelve already filing formal requests; the move aims to bolster defense capacities and demonstrate...

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Peace, Justice, and Strong Institutions

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What is the immediate impact of multiple EU countries activating the emergency clause for increased defense spending?

Sixteen EU countries plan to use an emergency clause to increase defense spending, exceeding EU budget limits. Twelve have formally requested the exemption, which allows a 1.5% GDP increase annually for four years. Germany is the only major economy utilizing this clause.

kathimerini.gr

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Apr 30, 19:21

Greece Projects 2.3% Economic Growth in 2025 Amidst Fiscal Reforms

Greece's 2025 economic progress report projects a 2.3% growth rate, driven by increased investments and consumption, while also forecasting a reduction in inflation and public debt, supported by fiscal measures totaling €1.3 billion and tax reforms exceeding €2 billion in increased annual revenue.

Greece Projects 2.3% Economic Growth in 2025 Amidst Fiscal Reforms

Greece's 2025 economic progress report projects a 2.3% growth rate, driven by increased investments and consumption, while also forecasting a reduction in inflation and public debt, supported by fiscal measures totaling €1.3 billion and tax reforms exceeding €2 billion in increased annual revenue.

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What are the key economic projections for Greece in 2025, and what are their immediate implications for the country's fiscal situation?

The Greek economy is projected to grow by 2.3% in 2025, driven by an 8.4% increase in investments, a 1.7% rise in private consumption, and growth in exports (4%) and imports (3.8%). This is according to an annual progress report submitted by the Ministry of National Economy and Finance to the EU Council and Commission.

Showing 289 to 300 of 787 results