International tax law
IASB Proposes Amendments To IFRS Adoption Procedure
The International Accounting Standards Board has published for public comment proposed amendments to procedures for first-time adoption of International Financial Reporting Standards. Full story
UK VAT Hike To Have ‘Minimal’ Impact On Retailers
New research has suggested that the 2.5% rise in UK value-added tax, scheduled for next January, will have ‘minimal impact’ on the health of the retail sector. Full story
France To Emulate German Tax System
French budget minister, Francois Baroin, has expressed admiration over Germany’s ‘spectacular’ economic performance following a recent visit to Berlin, and suggested that France should become more fiscally aligned with its neighbour. Full story
Member States Reject EU Tax
European Union member states have come out against the European Commission’s latest proposals for some forms of taxation to be levied and collected directly by Brussels. Full story
Statement by the EC, ECB, and IMF on the First Review Mission to Greece
Staff teams from the European Commission (EC), the European Central Bank (ECB), and the International Monetary Fund (IMF) visited Athens during July 26-August 5 for the first quarterly review of the Greek government’s economic program, which is being supported by a EUR 80 billion loan from Euro area countries and a EUR 30 billion Stand-By […]
Competition: state aid – Romania
Amendment of guarantee scheme – authorised
Eu unemployment rate stays at 9,6%
Over 23 m people were unemployed in June. Austria has the lowest rate, Spain and Latvia the highest. All but five member countries have seen their jobless rate increase in the last year. Full story
July 2010: Economic Sentiment Indicator edges up
Important notice: since May 2010 business surveys data are classified in accordance with an updated version of the Nomenclature of Economic Activities (NACE rev. 2) causing a potential break in series at this date. In July, the Economic Sentiment Indicator (ESI) edged up to 102.2 (by 1.9 points) in the EU and to 101.3 (by […]
July 2010: Business Climate Indicator for the euro area picks up
Important notice: since May 2010 business surveys data are classified in accordance with an updated version of the Nomenclature of Economic Activities (NACE rev. 2) causing a potential break in series at this date In July, the Business Climate Indicator (BCI) for the euro area picked up after the pause observed in June. The improvement […]
The Economic Case Against the Death Tax
The Heritage Foundation has published The Economic Case Against the Death Tax, by Curtis S. Dubay. Here is the abstract: 2010 is the only year since 1916 in which heirs to an estate will not have to pay the dreaded death tax. Victory for small businesses? Not yet—due to a legal quirk, the death tax […]
€20 and €50 banknotes are still the most counterfeited
the number of fake euro banknotes has fallen by 13% in the last six months, says the ECB. The Bank asks the public to be vigilant during cash transactions. Full story
