Political economy http://www.globalpost.com/taxonomy/term/24168/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 5731558 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 5733763 at http://www.globalpost.com UPDATE 1-UK government drags heels on flood protection-MPs http://www.globalpost.com/dispatch/news/thomson-reuters/130201/update-1-uk-government-drags-heels-flood-protection-mps <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>* Call for more urgency in addressing flood issues</p> <p>* Select Committee publishes report on draft water bill</p> <p>* Says it may lead to higher bills, investor uncertainty</p> <p>* Govt minister to look at recommendations closely</p> <p>By Lorraine Turner</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130201/update-1-uk-government-drags-heels-flood-protection-mps" target="_blank">read more</a></p> Matter Political economy Politics Soft matter Thomson Reuters Fri, 01 Feb 2013 17:16:22 +0000 5743300 at http://www.globalpost.com EU to target N. Korea with 'tough' sanctions http://www.globalpost.com/dispatch/news/afp/130215/eu-target-n-korea-tough-sanctions <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Union plans a gamut of 'tough' sanctions against North Korea, ranging from financial measures to travel bans and asset freezes against individuals, EU diplomats said Friday.</p> <p>"There will be wide sanctions", announced at talks between the bloc's 27 foreign ministers Monday, said an EU diplomat speaking on condition of anonymity.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130215/eu-target-n-korea-tough-sanctions" target="_blank">read more</a></p> European Union International relations International sanctions Political economy AFP Fri, 15 Feb 2013 14:30:57 +0000 5756703 at http://www.globalpost.com EU agrees sanctions against N.Korea after nuclear test http://www.globalpost.com/dispatch/news/afp/130218/eu-agrees-sanctions-against-nkorea-after-nuclear-test <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Union agreed a raft of new sanctions on Monday against North Korea in retaliation for the country's nuclear test last week, EU officials said.</p> <p>The measures range from financial measures to travel bans and asset freezes against individuals.</p> <p>The sanctions include the implementation of individual sanctions approved at UN level as well as EU restrictions on financial dealings and trade sanctions on items potentially linked to Pyonyang's ballistic and nuclear programmes, the source said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130218/eu-agrees-sanctions-against-nkorea-after-nuclear-test" target="_blank">read more</a></p> European Union International relations Iran Political economy AFP Mon, 18 Feb 2013 15:01:21 +0000 5759051 at http://www.globalpost.com EU agrees sanctions against N.Korea after nuclear test http://www.globalpost.com/dispatch/news/afp/130218/eu-agrees-sanctions-against-nkorea-after-nuclear-test-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The European Union agreed a raft of new sanctions on Monday against North Korea in retaliation for the country's nuclear test last week, EU officials said.</p> <p>The measures range from financial to travel bans and asset freezes against individuals.</p> <p>They include implementation of individual sanctions approved at UN level as well as EU restrictions on financial dealings and trade sanctions on items potentially linked to Pyonyang's ballistic and nuclear programmes, the source said.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130218/eu-agrees-sanctions-against-nkorea-after-nuclear-test-0" target="_blank">read more</a></p> International relations Nuclear program of North Korea Political economy AFP Mon, 18 Feb 2013 16:31:08 +0000 5759122 at http://www.globalpost.com Factbox - Key measures in 2013 budget http://www.globalpost.com/dispatch/news/thomson-reuters/130320/factbox-key-measures-2013-budget <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>LONDON (Reuters) - Chancellor George Osborne delivered 2013 budget on Wednesday. Here are the main measures he introduced.</p> <p>BANK OF ENGLAND REMIT</p> <p>Osborne paved the way for changes at the Bank, asking it to report in August on the merits of setting "intermediate thresholds" for monetary policy.</p> <p>Such changes might make the Bank operate in a way similar to the U.S. Federal Reserve which has given increasingly explicit signs about how long it will continue to provide emergency stimulus to the U.S. economy.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130320/factbox-key-measures-2013-budget" target="_blank">read more</a></p> Business George Osborne Labor Law Political economy Public economics Taxation Thomson Reuters Wed, 20 Mar 2013 17:30:05 +0000 5788971 at http://www.globalpost.com Economic liberalisation slowing in China: OECD http://www.globalpost.com/dispatch/news/afp/130322/economic-liberalisation-slowing-china-oecd <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Economic liberalisation has slowed in China, the OECD said in a major report Friday, urging the country's Communist rulers to step up efforts to level the playing field for state-owned and private firms.</p> <p>A long-standing commitment to looser control has boosted productivity and efficiency in the economy, the Organisation for Economic Cooperation and Development said in its Economic Survey of China, which also tipped growth this year of 8.5 percent.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130322/economic-liberalisation-slowing-china-oecd" target="_blank">read more</a></p> 16th arrondissement of Paris Macroeconomics OECD Political economy Politics Technology AFP Fri, 22 Mar 2013 09:46:16 +0000 5790794 at http://www.globalpost.com UK finance minister under fire over disabled parking gaffe http://www.globalpost.com/dispatch/news/afp/130405/uk-finance-minister-under-fire-over-disabled-parking-gaffe <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Britain's beleaguered finance minister George Osborne faced fresh pressure over his hardline stance on the social welfare system on Friday after his car was photographed parked in a space reserved for disabled drivers.</p> <p>Osborne, a deeply unpopular figure among critics of his government's austerity programme, apparently went to pick up lunch from a McDonald's at a motorway service station, unaware that his driver was parked in the space.</p> <p>"George does not condone this in any way," a Conservative party source said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130405/uk-finance-minister-under-fire-over-disabled-parking-gaffe" target="_blank">read more</a></p> George Osborne Government Political economy Public economics AFP Fri, 05 Apr 2013 13:00:15 +0000 5802645 at http://www.globalpost.com Steep fall in Syria foreign trade in 2012 http://www.globalpost.com/dispatch/news/afp/130407/steep-fall-syria-foreign-trade-2012 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Syria suffered in 2012 an unprecedented decline in foreign trade, with exports falling by nearly 100 percent from a year earlier, according to an official study published in a newspaper on Sunday.</p> <p>The study, published in pro-regime daily Al-Watan, showed "the dramatic impact caused by the current crisis" on foreign trade.</p> <p>The value of Syria's exports registered in the year 2012 dropped to a mere $185 million, a decline of 97.4 percent on the $7.21 billion registered in 2011. In 2010 exports were valued at $11.35 billion.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130407/steep-fall-syria-foreign-trade-2012" target="_blank">read more</a></p> Asia International trade Political economy AFP Sun, 07 Apr 2013 16:45:19 +0000 5804954 at http://www.globalpost.com Obama tax blueprint opening gambit in potential tax rewrite http://www.globalpost.com/dispatch/news/thomson-reuters/130410/obama-tax-blueprint-opening-gambit-potential-tax-rewrite <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 Kim Dixon</p> <p>WASHINGTON (Reuters) - President Barack Obama on Wednesday revived a list of his favourite tax ideas, hoping to raise $580 billion (378.3 billion pounds) in new revenues from the wealthy over a decade in a potential opening gambit to forge a deal with Congress to overhaul the U.S. tax code.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130410/obama-tax-blueprint-opening-gambit-potential-tax-rewrite" target="_blank">read more</a></p> Barack Obama Business Environment Health Political economy Politics Presidency of Barack Obama Public economics Tax reform Taxation in the United States Technology Thomson Reuters Wed, 10 Apr 2013 20:30:50 +0000 5809820 at http://www.globalpost.com Venezuela threatens oil, trade measures in vote row with US http://www.globalpost.com/dispatch/news/afp/130422/venezuela-threatens-oil-trade-measures-vote-row-us <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Venezuela threatened Monday to take measures affecting energy and trade if the United States resorts to sanctions in a row over disputed presidential elections in Caracas earlier this month.</p> <p>"If the United States takes recourse to economic sanctions, or sanctions of any other kind, we will take measures of a commercial, energy, economic and political order that we consider necessary," Foreign Minister Elias Jaua said in a television interview.</p> <p>jm/sst</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> International relations International sanctions Political economy AFP Mon, 22 Apr 2013 21:17:00 +0000 5822659 at http://www.globalpost.com US denies effort to sanction Venezuela http://www.globalpost.com/dispatch/news/afp/130423/us-denies-effort-sanction-venezuela <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The United States on Tuesday denied charges it was considering sanctions against Venezuela over its disputed election after the country's left-leaning leader warned of retaliation.</p> <p>"I'm not aware of any particular effort afoot in terms of sanctions on Venezuela at this point," State Department spokesman Patrick Ventrell told reporters.</p> <p>President Nicolas Maduro, heir to the late firebrand Hugo Chavez, on Monday accused the United States of threatening Venezuela as he swore in a cabinet after he was declared the victor of the election by a razor-thin margin.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130423/us-denies-effort-sanction-venezuela" target="_blank">read more</a></p> International relations Political economy Politics Venezuela AFP Tue, 23 Apr 2013 19:01:23 +0000 5823477 at http://www.globalpost.com Analysis: Mexico aims to overhaul tax system, raise revenue http://www.globalpost.com/dispatch/news/thomson-reuters/130507/analysis-mexico-aims-overhaul-tax-system-raise-revenue <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 Krista Hughes</p> <p>MEXICO CITY (Reuters) - Tax breaks for attending "civic values" courses, tax-free sales of second-hand furniture, special treatment for call centers and an informal economy employing six out of 10 workers are all in the line of fire as Mexico prepares a long-awaited tax overhaul.</p> <p>An analysis of budget data shows Mexico's extensive network of tax breaks and stimulus programs generate costs equal to about half the taxes actually collected.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130507/analysis-mexico-aims-overhaul-tax-system-raise-revenue" target="_blank">read more</a></p> Business Political economy Public economics Social Issues Tax reform Technology Thomson Reuters Tue, 07 May 2013 15:03:04 +0000 5832596 at http://www.globalpost.com Tax agency likely to miss 2013 tax revenue target: head http://www.globalpost.com/dispatch/news/yonhap-news-agency/130618/tax-agency-likely-miss-2013-tax-revenue-target-head <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Yonhap News Agency </div> </div> </div> <!--paging_filter--><p>SEOUL, June 18 (Yonhap) -- The head of South Korea's tax agency said Tuesday that it will be considerably difficult for the government to achieve its target of tax collection for this year due to the economic slowdown.</p> <p>The 2013 tax revenue target by the National Tax Service (NTS) is set at 199 trillion won (US$175.8 billion), but as of end-April, the collection amounted to 70.5 trillion won or 35.4 percent of the target, it said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://english.yonhapnews.co.kr" class="button wire yonhap"></a></p> <p>Copyright Yonhap News Agency, 2013. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/yonhap-news-agency/130618/tax-agency-likely-miss-2013-tax-revenue-target-head" target="_blank">read more</a></p> Business Political economy Public economics Public finance Yonhap News Agency Tue, 18 Jun 2013 07:30:32 +0000 5859625 at http://www.globalpost.com