Public economics http://www.globalpost.com/taxonomy/term/24167/all en ANALYSIS-'Fiscal cliff' deal sours U.S. tax reform outlook http://www.globalpost.com/dispatch/news/thomson-reuters/130108/analysis-fiscal-cliff-deal-sours-us-tax-reform-outlook <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Hopes dim for 'grand bargain' on taxes, spending</p> <p>* Democrats want more revenue from tax code revamp</p> <p>* Republicans say "cliff" deal means tax debate over</p> <p>* Gridlock may mean corporate tax reform hopes dashed</p> <p>By Kim Dixon and Kevin Drawbaugh</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/analysis-fiscal-cliff-deal-sours-us-tax-reform-outlook" target="_blank">read more</a></p> Bush tax cuts Business Candidate Position Capital gains tax Citizens for Tax Justice Economic policy Entertainment Environment Flat tax Health Income tax Income tax in Australia Income tax in the United States Labor Person Career Person Location Person Party Political economy Politics Public economics Quotation Social Issues Tax Taxation Thomson Reuters Tue, 08 Jan 2013 14:03:46 +0000 Thomson Reuters 5731558 at http://www.globalpost.com INTERVIEW-Obama aide presses Republicans to accept more tax revenues http://www.globalpost.com/dispatch/news/thomson-reuters/130109/interview-obama-aide-presses-republicans-accept-more-tax-revenu <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Jason Lange</p> <p>WASHINGTON, Jan 9 (Reuters) - The U.S. Congress should accept in the next round of deficit-reduction talks that revenue from taxes must be raised further if it expects President Barack Obama to sign off on a deal, the president's top economic adviser, Gene Sperling, said in an interview.</p> <p>The White House and Congress are trying to reach an agreement that would delay planned austerity measures and keep funding the government, while at the same time cutting the budget deficit over the long term.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/interview-obama-aide-presses-republicans-accept-more-tax-revenu" target="_blank">read more</a></p> Business Economic policy Entertainment Environment Fiscal policy Health Politics Public economics Thomson Reuters Wed, 09 Jan 2013 11:15:16 +0000 Thomson Reuters 5732046 at http://www.globalpost.com UPDATE 2-INTERVIEW-Brazil backs away from budget target policy pillar http://www.globalpost.com/dispatch/news/thomson-reuters/130109/update-2-interview-brazil-backs-away-budget-target-policy-pilla <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Adds quotes, context)</p> <p>* Treasury chief says economy to determine fiscal policy</p> <p>* Says missing primary budget goal not a risk to finances</p> <p>* Government considering adopting broader budget goal</p> <p>By Luciana Otoni and Alonso Soto</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/update-2-interview-brazil-backs-away-budget-target-policy-pilla" target="_blank">read more</a></p> Fiscal policy Politics Public economics Public finance Thomson Reuters Wed, 09 Jan 2013 11:00:34 +0000 Thomson Reuters 5732043 at http://www.globalpost.com After Israel vote, austerity budget looms http://www.globalpost.com/dispatch/news/thomson-reuters/130110/after-israel-vote-austerity-budget-looms <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* New govt will face pressure to pass austerity budget</p> <p>* 2013 budget deficit seen 3.5 pct/GDP vs 3.0 pct target</p> <p>* S&amp;P: Israel's A+ credit rating, stable outlook safe</p> <p>By Steven Scheer and Tova Cohen</p> <p>TEL AVIV, Jan 10 (Reuters) - In the heated debates on war and peace that have marked campaigning for this month's parliamentary election in Israel, it is easy to forget the vote was triggered by a more workaday problem - the budget.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130110/after-israel-vote-austerity-budget-looms" target="_blank">read more</a></p> Business Fiscal policy Public economics Public finance Thomson Reuters Thu, 10 Jan 2013 17:46:32 +0000 Thomson Reuters 5732759 at http://www.globalpost.com U.S. states flirt with major tax changes http://www.globalpost.com/dispatch/news/thomson-reuters/130113/us-states-flirt-major-tax-changes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Single-party rule in 37 states paves way for big changes</p> <p>* Some states weigh higher sales tax, eliminating income tax</p> <p>* Critics say shift would unfairly burden poor, middle class</p> <p>By Nanette Byrnes</p> <p>CHAPEL HILL, N.C., Jan 13 (Reuters) - Hopes for overhauling the federal tax system are fading in Washington, but in some state capitals, tax reform experiments - some far-reaching - are fast taking shape.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130113/us-states-flirt-major-tax-changes" target="_blank">read more</a></p> Political economy Public economics Social Issues Taxation Thomson Reuters Sun, 13 Jan 2013 12:30:50 +0000 Thomson Reuters 5733763 at http://www.globalpost.com RPT-Americans feel austerity's bite as payroll taxes rise http://www.globalpost.com/dispatch/news/thomson-reuters/130113/rpt-americans-feel-austeritys-bite-payroll-taxes-rise <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Payroll tax hike could suck $125 billion from households</p> <p>* Higher taxes to keep economic growth lackluster</p> <p>* Americans already cutting back on spending</p> <p>By Jason Lange</p> <p>WASHINGTON, Jan 13 (Reuters) - Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130113/rpt-americans-feel-austeritys-bite-payroll-taxes-rise" target="_blank">read more</a></p> Business Economic policy Entertainment Environment Health Labor Law Politics Public economics Public finance Social Issues Technology Thomson Reuters Sat, 12 Jan 2013 14:15:41 +0000 Thomson Reuters 5733570 at http://www.globalpost.com Kenya's first-half 2012/13 tax revenues rise 13 pct http://www.globalpost.com/dispatch/news/thomson-reuters/130114/kenyas-first-half-201213-tax-revenues-rise-13-pct <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Small and medium sized businesses widened tax net</p> <p>* Elections, lending rates may affect annual target</p> <p>By Beatrice Gachenge</p> <p>NAIROBI, Jan 14 (Reuters) - Kenya's tax revenues rose 13 percent in the first half of the 2012/2013 fiscal from a year ago on the back of a wider tax base, the Kenya Revenue Authority (KRA) said on Monday.</p> <p>The collecting agency was cautiously optimistic about meeting its annual target, although it cited concerns over upcoming elections.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130114/kenyas-first-half-201213-tax-revenues-rise-13-pct" target="_blank">read more</a></p> Kenya Revenue Authority Public economics Tax Thomson Reuters Mon, 14 Jan 2013 15:00:41 +0000 Thomson Reuters 5734168 at http://www.globalpost.com Angola parliament approves main lines of 2013 budget bill http://www.globalpost.com/dispatch/news/thomson-reuters/130115/angola-parliament-approves-main-lines-2013-budget-bill <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Spending up 26 pct to diversify economy, boost social services</p> <p>* Fiscal deficit of 3.4 pct to be financed by higher borrowing</p> <p>* MPLA majority ensures passage, final vote Feb. 14</p> <p>LISBON, Jan 15 (Reuters) - Angola's parliament on Tuesday approved the main guidelines of a 2013 budget that the government says will boost public spending by over a quarter to help diversify the economy and improve social conditions.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130115/angola-parliament-approves-main-lines-2013-budget-bill" target="_blank">read more</a></p> Business Entertainment Fiscal policy Politics Public economics Public finance Thomson Reuters Tue, 15 Jan 2013 19:30:04 +0000 Thomson Reuters 5734977 at http://www.globalpost.com INTERVIEW-French veteran seeks British jobs boost with VAT cut http://www.globalpost.com/dispatch/news/thomson-reuters/130117/interview-french-veteran-seeks-british-jobs-boost-vat-cut <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Neil Maidment</p> <p>LONDON, Jan 17 (Reuters) - Frenchman Jacques Borel's opponents have ranged from the Nazi secret police to compatriots angered by his move to bring fast food to the home of fine dining. Now the 85-year-old is in Britain, leading a campaign to cut tax for pubs and restaurants.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/interview-french-veteran-seeks-british-jobs-boost-vat-cut" target="_blank">read more</a></p> Business Disaster Jacques Borel Public economics Tax Tax reform War Thomson Reuters Thu, 17 Jan 2013 16:30:28 +0000 Thomson Reuters 5735677 at http://www.globalpost.com Euro zone splinter group seen near deal on transaction tax http://www.globalpost.com/dispatch/news/thomson-reuters/130118/euro-zone-splinter-group-seen-near-deal-transaction-tax <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* EU's tax commissioner says close to deal on trading tax</p> <p>* Group of 11 euro zone countries set to pioneer levy</p> <p>* EU approval will allow group to finalise details</p> <p>By John O'Donnell</p> <p>BRUSSELS, Jan 18 (Reuters) - A group of euro zone countries, led by Germany and France, looks set for a green light next week to push ahead with a tax on financial transactions, a step politicians hope will please voters but which critics have warned could backfire.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/euro-zone-splinter-group-seen-near-deal-transaction-tax" target="_blank">read more</a></p> Business International taxation Public economics Taxation Thomson Reuters Fri, 18 Jan 2013 18:15:24 +0000 Thomson Reuters 5736282 at http://www.globalpost.com Britain's biggest companies see tax bill drop 18 pct in 2012 http://www.globalpost.com/dispatch/news/thomson-reuters/130121/britains-biggest-companies-see-tax-bill-drop-18-pct-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Tom Bergin</p> <p>LONDON, Jan 22 (Reuters) - The corporation tax bill for Britain's biggest companies tumbled by 18 percent last year, despite a rise in profits, PricewaterhouseCoopers (PwC) said on Tuesday.</p> <p>The accountancy firm's annual report on tax payments by the Hundred Group, which represents about 100 of the biggest UK-listed and headquartered companies, comes amid intense public anger about tax avoidance.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130121/britains-biggest-companies-see-tax-bill-drop-18-pct-2012" target="_blank">read more</a></p> Finance Politics Public economics Taxation Thomson Reuters Tue, 22 Jan 2013 00:30:14 +0000 Thomson Reuters 5737513 at http://www.globalpost.com UPDATE 3-EU states get blessing for financial trading tax http://www.globalpost.com/dispatch/news/thomson-reuters/130122/update-1-eu-states-get-blessing-financial-trading-tax <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Finance ministers allow 11 countries to pursue tax plan</p> <p>* EU's Semeta says levy could be imposed from January 2014</p> <p>* Britain, Luxembourg, Czech Republic and Malta object</p> <p>* Some see tax raising up to 35 billion euros annually</p> <p>By John O'Donnell and Robin Emmott</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130122/update-1-eu-states-get-blessing-financial-trading-tax" target="_blank">read more</a></p> Economics European Union International taxation Public economics Taxation Thomson Reuters Tue, 22 Jan 2013 10:45:26 +0000 Thomson Reuters 5737656 at http://www.globalpost.com COLUMN - America has multiple deficits: Lawrence Summers http://www.globalpost.com/dispatch/news/thomson-reuters/130122/column-america-has-multiple-deficits-lawrence-summers <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Lawrence Summers</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130122/column-america-has-multiple-deficits-lawrence-summers" target="_blank">read more</a></p> Business Disaster Economics Entertainment Fiscal policy Public economics United States Thomson Reuters Tue, 22 Jan 2013 14:15:05 +0000 Thomson Reuters 5737742 at http://www.globalpost.com Polish belt-tightening risks squeezing growth http://www.globalpost.com/dispatch/news/thomson-reuters/130123/polish-belt-tightening-risks-squeezing-growth <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Economic slowdown hitting government tax revenues</p> <p>* To balance books, officials cut infrastructure spending</p> <p>* But this investment is crucial driver of growth</p> <p>By Dagmara Leszkowicz and Marcin Goettig</p> <p>PABIANICE, Poland, Jan 23 (Reuters) - The Polish town of Pabianice is broke. The mayor is selling off property to raise cash but still cannot afford to fix the paving stones and the local hospital has racked up more debt than the annual municipal budget.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130123/polish-belt-tightening-risks-squeezing-growth" target="_blank">read more</a></p> Business Entertainment Fiscal policy Public economics Public finance Thomson Reuters Wed, 23 Jan 2013 08:45:34 +0000 Thomson Reuters 5738192 at http://www.globalpost.com UPDATE 3-British PM takes aim at corporate tax avoiders http://www.globalpost.com/dispatch/news/thomson-reuters/130124/update-1-british-pm-warns-companies-pay-fair-taxes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Kate Holton</p> <p>Jan 24 (Reuters) - Prime Minister David Cameron on Thursday criticised multinational corporations that avoid paying their fair share of tax, promising action against such aggressive strategies after a public backlash in Britain.</p> <p>The issue of tax avoidance by big business has turned toxic in recent years as millions of Britons struggle with low pay rises and austerity measures introduced to reduce the budget deficit.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130124/update-1-british-pm-warns-companies-pay-fair-taxes" target="_blank">read more</a></p> Business David Cameron Finance Hospitality International taxation Law Politics Public economics Taxation Thomson Reuters Thu, 24 Jan 2013 10:30:16 +0000 Thomson Reuters 5738733 at http://www.globalpost.com