Tag #Fiscal Policy

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elpais.com

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Dec 14, 00:36

Spanish PP Unexpectedly Agrees to Valencian Debt Relief

Following a government proposal for debt relief, the Spanish Popular Party initially rejected bilateral write-offs but unexpectedly agreed to a debt relief only for the Valencian Community after a proposal by the President of Madrid, creating divisions within the party.

Spanish PP Unexpectedly Agrees to Valencian Debt Relief

Following a government proposal for debt relief, the Spanish Popular Party initially rejected bilateral write-offs but unexpectedly agreed to a debt relief only for the Valencian Community after a proposal by the President of Madrid, creating divisions within the party.

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What immediate impact did the unexpected proposal for debt relief only for Valencia have on the political landscape and the positions of the different parties involved?

The Spanish government proposed debt relief for all autonomous communities, but the opposition Popular Party (PP) initially opposed bilateral write-offs. However, Madrid's president unexpectedly proposed only relieving Valencia's debt, a move other PP presidents accepted, despite their stated preference for a comprehensive funding reform.

cbsnews.com

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Dec 13, 13:13

Trump Tax Cuts Expiration Looms: Potential for Major Tax Increases in 2026

The 2017 Tax Cuts and Jobs Act provisions, including individual tax brackets and standard deductions, are set to expire in 2025, potentially resulting in tax increases for over 60% of taxpayers in 2026 unless Congress extends them, creating a significant political and economic challenge for the inco...

Trump Tax Cuts Expiration Looms: Potential for Major Tax Increases in 2026

The 2017 Tax Cuts and Jobs Act provisions, including individual tax brackets and standard deductions, are set to expire in 2025, potentially resulting in tax increases for over 60% of taxpayers in 2026 unless Congress extends them, creating a significant political and economic challenge for the inco...

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What are the most significant provisions of the 2017 Tax Cuts and Jobs Act set to expire, and what would be the immediate impact on taxpayers if Congress fails to extend them?

The 2017 Tax Cuts and Jobs Act (TCJA) provisions are set to expire in 2025, potentially leading to tax increases for over 60% of taxpayers in 2026 if not extended. Key expiring provisions include individual tax brackets and the standard deduction, impacting millions. Failure to extend these provisions would reverse many tax benefits.

elpais.com

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Dec 13, 13:13

"Spanish Energy Tax Extension Fails; Government Pivots to Diesel Tax Increase"

"The Spanish government's attempt to extend a tax on large energy companies is failing due to internal coalition disagreements, forcing a shift in focus to a separate diesel fuel tax increase to meet revenue targets."

"Spanish Energy Tax Extension Fails; Government Pivots to Diesel Tax Increase"

"The Spanish government's attempt to extend a tax on large energy companies is failing due to internal coalition disagreements, forcing a shift in focus to a separate diesel fuel tax increase to meet revenue targets."

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"What are the immediate consequences of the likely failure to extend the tax on large energy companies in Spain?"

"The Spanish government faces significant challenges in extending a tax on large energy companies, with key coalition partners opposing the measure. This opposition stems from differing policy positions, making approval highly unlikely. The government is now prioritizing a separate tax increase on diesel fuel, a measure with broader support."

elmundo.es

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Dec 12, 13:11

Madrid Economists Warn of Financial Collapse from Catalonia's Singular Financing

The Madrid College of Economists warns that the proposed singular financing for Catalonia, if approved, would lead to the collapse of the national and regional financial system, due to the agreement between PSOE and Esquerra, which grants Catalonia total control over tax collection and may cause oth...

Madrid Economists Warn of Financial Collapse from Catalonia's Singular Financing

The Madrid College of Economists warns that the proposed singular financing for Catalonia, if approved, would lead to the collapse of the national and regional financial system, due to the agreement between PSOE and Esquerra, which grants Catalonia total control over tax collection and may cause oth...

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How would the proposed singular financing model affect other Spanish regions?

"The report highlights that even the bilateral aspect of the agreement—granting Catalonia total control over tax collection—would harm the system by decreasing national income. The multilateral aspect—allowing other regions to seek similar deals—would be catastrophic. The College of Economists warns that the additional financial strain on the State would amount to at least 26% of the national GDP considering the already existing foral regimes.",

europe.chinadaily.com.cn

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Dec 11, 04:10

China Shifts to Unconventional Monetary Policy to Boost Growth

Faced with intensified economic uncertainties and potential US tariff threats, China's top leadership has adopted a more proactive fiscal and moderately loose monetary policy for 2025, potentially involving unconventional measures like direct central bank financing of government spending to achieve ...

China Shifts to Unconventional Monetary Policy to Boost Growth

Faced with intensified economic uncertainties and potential US tariff threats, China's top leadership has adopted a more proactive fiscal and moderately loose monetary policy for 2025, potentially involving unconventional measures like direct central bank financing of government spending to achieve ...

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What immediate actions is China taking to address economic uncertainties and bolster growth in 2025?

China's top leadership has shifted its policy stance to a more proactive fiscal and moderately loose monetary policy to counter economic uncertainties, potentially involving unconventional measures like central bank bond purchases and interest rate cuts. This aims to boost growth and offset US tariff threats, with trillions of yuan in additional government debt anticipated for housing and social welfare.

politico.eu

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Dec 11, 16:09

Portugal Calls for EU Spending Rule Revision Amidst Crisis Concerns

Portugal's finance minister is urging the EU to revise its recently adopted spending rules to allow for greater flexibility in handling unforeseen circumstances, such as armed conflicts or climate-related disasters, amid political uncertainty in major EU countries and pressure to meet NATO's defense...

Portugal Calls for EU Spending Rule Revision Amidst Crisis Concerns

Portugal's finance minister is urging the EU to revise its recently adopted spending rules to allow for greater flexibility in handling unforeseen circumstances, such as armed conflicts or climate-related disasters, amid political uncertainty in major EU countries and pressure to meet NATO's defense...

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What immediate impact will Portugal's request for changes to the EU's spending rules have on the bloc's fiscal policies?

Portugal's finance minister is calling for changes to the EU's new spending rules, citing inflexibility in handling unforeseen events like war or climate disasters. The current rules require precommitted four- or seven-year spending plans, limiting countries' ability to respond to crises. This inflexibility is particularly concerning for highly indebted countries already struggling to meet EU spending limits.

welt.de

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Dec 14, 19:08

Union's Election Program: Tax Cuts, Spending Cuts, and Stricter Immigration

The Union's election program outlines plans for tax cuts, increased defense spending, stricter immigration policies, and spending cuts to balance the budget, but lacks concrete financial details and depends on post-election coalition negotiations.

Union's Election Program: Tax Cuts, Spending Cuts, and Stricter Immigration

The Union's election program outlines plans for tax cuts, increased defense spending, stricter immigration policies, and spending cuts to balance the budget, but lacks concrete financial details and depends on post-election coalition negotiations.

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What are the key proposed changes to immigration and national security policies in the Union's election program?

The Union aims to fund tax cuts and increased spending through spending cuts, potentially impacting social programs. This strategy is presented alongside plans to tighten immigration policies, strengthen national security through increased surveillance, and reverse certain policies of the current coalition government. The plan's success is dependent on coalition negotiations after the election.

elmundo.es

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Dec 13, 16:13

Spain's New Funding Model Sparks Tax Policy Showdown

The Spanish government's proposed reform of the autonomous community funding model seeks to curb tax-cutting powers among regional governments, aiming for greater fiscal equality, a move that has sparked significant political opposition.

Spain's New Funding Model Sparks Tax Policy Showdown

The Spanish government's proposed reform of the autonomous community funding model seeks to curb tax-cutting powers among regional governments, aiming for greater fiscal equality, a move that has sparked significant political opposition.

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Why is the Spanish government prioritizing a more uniform tax policy across autonomous communities?

This reform is driven by the perceived unfairness of the current system, where some regions like Madrid benefit from lower taxes, attracting businesses and capital, creating economic disparities with other regions. The government seeks a more equitable distribution of resources among all autonomous communities.

dw.com

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Dec 13, 16:12

World Bank Recommends Fiscal and Pension Reforms for North Macedonia

The World Bank proposes a VAT increase to 19%, eliminating preferential rates, and pension reforms including gradually raising the retirement age and contribution rates for North Macedonia to address its high fiscal deficit (exceeding 62% of GDP) and unsustainable pension system.

World Bank Recommends Fiscal and Pension Reforms for North Macedonia

The World Bank proposes a VAT increase to 19%, eliminating preferential rates, and pension reforms including gradually raising the retirement age and contribution rates for North Macedonia to address its high fiscal deficit (exceeding 62% of GDP) and unsustainable pension system.

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Why has the World Bank's previous strategy of using economic growth to reduce fiscal imbalances failed in North Macedonia?

North Macedonia's fiscal deficit exceeds that of comparable Western Balkan countries, with debt exceeding 62% of GDP. The World Bank's proposed measures aim to address this by improving tax collection, public spending efficiency, and budgetary discipline, essential for maintaining its EU accession path. The current strategy of relying on economic growth to reduce fiscal imbalances has proven insufficient.

welt.de

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Dec 12, 10:10

Erhard's 1959 Warning: A Turning Point in German Fiscal Policy

In 1959, German Economics Minister Ludwig Erhard warned against Germany's growing consumption, arguing that it threatened economic stability and advocating for fiscal responsibility. His speech in the Bundestag sparked debate, highlighting a shift in German economic policy from fiscal restraint to i...

Erhard's 1959 Warning: A Turning Point in German Fiscal Policy

In 1959, German Economics Minister Ludwig Erhard warned against Germany's growing consumption, arguing that it threatened economic stability and advocating for fiscal responsibility. His speech in the Bundestag sparked debate, highlighting a shift in German economic policy from fiscal restraint to i...

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What were the immediate consequences of Ludwig Erhard's 1959 warning against excessive consumption?

In 1959, German Economics Minister Ludwig Erhard criticized Germany's growing consumption, warning that it threatened economic stability. He emphasized the importance of fiscal responsibility, arguing that spending should be limited to available funds, except for long-term investments. His remarks were met with mixed reactions in the Bundestag, with the opposition accusing him of unfairly blaming consumers.

china.org.cn

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Dec 11, 07:11

China Shifts to Unconventional Monetary Policy to Boost Economy

Facing intensified economic uncertainties and potential US tariffs, China's top leadership announced a shift to a more proactive fiscal and moderately loose monetary policy, potentially involving unconventional measures like large-scale central bank bond purchases and aggressive interest rate cuts, ...

China Shifts to Unconventional Monetary Policy to Boost Economy

Facing intensified economic uncertainties and potential US tariffs, China's top leadership announced a shift to a more proactive fiscal and moderately loose monetary policy, potentially involving unconventional measures like large-scale central bank bond purchases and aggressive interest rate cuts, ...

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What long-term structural issues must be addressed to ensure the sustainability and effectiveness of China's stimulus plan?

The effectiveness of these unconventional measures remains uncertain, particularly given reduced space for stimulating the property and infrastructure sectors. Concerns exist about potential long-term issues such as debt and oversupply, emphasizing the importance of directing resources towards social welfare and future-oriented industries. The policy's success hinges on its ability to address these underlying structural challenges.

elpais.com

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Dec 11, 01:09

PNV Rejects Energy Tax, Jeopardizing Spain's Fiscal Reform

The Basque Nationalist Party (PNV) will not support the Spanish government's tax on energy companies' excess profits, jeopardizing the government's fiscal reform and potentially causing instability in the governing coalition.

PNV Rejects Energy Tax, Jeopardizing Spain's Fiscal Reform

The Basque Nationalist Party (PNV) will not support the Spanish government's tax on energy companies' excess profits, jeopardizing the government's fiscal reform and potentially causing instability in the governing coalition.

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How does the PNV's opposition to the tax reflect the broader political dynamics and power balances within Spain?

The PNV's stance highlights the fragility of the Spanish government's coalition, dependent on diverse parties with potentially conflicting interests. The PNV's refusal to compromise underscores the challenges in implementing policies affecting regional economic arrangements. This disagreement mirrors past tensions, demonstrating the ongoing political complexities within Spain's multi-party system.

Showing 409 to 420 of 453 results