Stories that are tagged 'unemployment'

	Luxembourg May Extend Budget Measures 5/10/2012 During a recent address on the state of the nation, Luxembourg’s Prime Minister Jean-Claude Juncker presented the government’s declaration on the current economic, social, and financial situation in Luxembourg, indicating crucially that the fiscal initiatives taken on April 27 to consolidate the public finances will have to be extended beyond 2014.
	Spain 'Confident' 2012 Budget Plans Will Spark Growth 5/10/2012 Spain’s Secretary of State responsible for Budget and Expenditure Marta Fernandez Curraz has recently defended the country’s budgets for 2012, insisting that they are based on discipline and fiscal consolidation, to enable the government to confidently overcome the crisis.
	Australian Budget Scraps Planned Business Tax Cuts 5/10/2012 A planned cut to business tax rates will not go ahead in Australia, as the government seeks to redirect projected mining tax revenue to help families and small businesses in the face of ongoing disputes with opposition parties.
	Spanish U-Turn Sees VAT Rise In 2013 5/4/2012 Marking a dramatic about-turn, the Spanish government has confirmed plans to introduce a ‘notable’ rise in value-added tax and to increase special taxes imposed on alcohol and tobacco next year.
	Spain Unveils Tough Austerity Budget 4/3/2012 The Spanish government of Mariano Rajoy has recently unveiled details of Spain’s 2012 austerity budget, the toughest in recent history, providing for savings totalling around EUR27.3bn (USD36bn), and including the EUR15bn in tax rises and expenditure cuts announced back in December.
	Portugal's Economic Programme 'On Track' 3/7/2012 Following its third quarterly review of Portugal’s economic programme, the European Commission, the European Central Bank, and the International Monetary Fund underscored that while the programme is indeed on track, many challenges remain.
	Austerity Continues To Bite In Ireland, ESRI Says 2/29/2012 Structural and tax reforms could offer a boost to Ireland as austerity measures continue to dampen economic activity, according to a new report by the Economic and Social Research Institute.
	German Bundestag Backs Greek Package 2/29/2012 The German Bundestag, or lower house of parliament, has recently adopted by a large majority the second rescue package for Greece, designed to grant Athens further financial assistance of a maximum of EUR130bn (USD175bn) until 2014.
	Indian Jewellery Exporters Seek New Tax 2/20/2012 The Indian Gems and Jewellery Export Promotion Council has urged the government to make drastic changes to the way they are taxed.
	US Congress Passes Payroll Tax Extension 2/21/2012 As was expected, and just in time before the short Congressional recess, an extension of the United States payroll tax cuts and unemployment benefits, from the end of this month to the end of the year, passed through both the House of Representatives and Senate with varying degrees of bipartisan support.
	Austria 'Regrets' Moody's Outlook Downgrade 2/20/2012 Austria’s federal ministry of finance has welcomed Moody’s decision to keep the credit rating of the Republic of Austria at triple-A status, while lamenting the fact that the change in outlook from ‘stable’ to ‘negative’ does not take adequate account of the coalition’s recently agreed austerity package.
	Spanish Crisis Taxes Praised By OECD 2/16/2012 OECD Secretary-General Angel Gurria has welcomed recent tax measures introduced by Spain as a crucial first step to bringing the nation's finances onto a sustainable footing and easing pressure on the European Union.
	Trade Barriers Hindering African Growth 2/10/2012 As African leaders pursue negotiations towards a continental free trade area by 2017, a new report released by the World Bank has noted that African nations are losing out on billions of dollars in potential trade earnings every year because of restrictive barriers to regional trade.
	Sarkozy Readies Fiscal Strategy 1/26/2012 Hoping to avoid an electoral defeat in the forthcoming presidential elections, French President Nicolas Sarkozy intends to unveil concrete details of proposed fiscal measures designed to stimulate the country’s economy on January 29.
	Ireland Overcoming Fiscal Woes 1/24/2012 Ireland has received positive feedback in terms of its progress towards fiscal targets from the International Monetary Fund, the European Central Bank and the European Commission as part of a review into progress made under a financial assistance package provided to the nation to aid its resurgence from the global financial and domestic banking crisis.
	France Lowers Burden On Very Small Businesses 1/20/2012 Following a four hour summit meeting with the country’s social partners at the Elysée, French President Nicolas Sarkozy unveiled details of a series of agreed emergency measures, designed to reduce unemployment in France, including notably plans to grant very small businesses exemption from charges in respect of young people they recruit.
	Oil Boosts Oman Budget 1/6/2012 In the first 10 months of 2011, Oman achieved a budget surplus of OMR830.1m (USD2.2bn), mostly due to higher oil prices. However, the budget is expected to dip into deficit in 2012 as oil prices soften and expenditure is forecast to increase.
	UK's Families Hardest Hit By Tax, Benefit Changes 1/6/2012 Families with children are set to lose more through tax and benefit changes than pensioners or adults without children, according to new research from the Institute for Fiscal Studies.
	Outlook Worsens For Caribbean, Latin America 1/4/2012 New reports from the Inter-American Development Bank and the Economic Commission for Latin America and the Caribbean say the region has demonstrated marked economic gains during the past year, but risks remain significant looking ahead to 2012.
	Spain To Hike Taxes Despite Pre-Election Pledge 1/3/2012 Having recently dropped the bombshell news that Spain will post an 8 percent fiscal deficit this year, up from 6 percent projected by the previous government, the incoming Spanish government, headed by Mariano Rajoy, is to introduce higher taxes from 2012 contrary to the party's pre-election pledge.
	New Year Tax Misery In Canada 1/2/2012 There will be winners and losers when the new year brings in major payroll and pension tax changes in Canada, the Canadian Taxpayers Federation has said.
	Clegg Warns Of Further Austerity For UK 12/30/2011 The UK government's 'economic rescue mission' is not yet over, the Deputy Prime Minister has said, warning that 2012 will pose further challenges.
	US Tax Cut Fight Goes Down To The Wire 12/21/2011 The fight to extend a temporary payroll tax cut for US workers has gone down to the wire after House Republicans refused to accept a compromise deal approved overwhelmingly by the Senate.
	Swiss Economy Hit By Eurozone Crisis 12/20/2011 The federal government’s expert group on economic forecasts has recently announced sluggish growth prospects for the Swiss economy, in view of an increasingly bleak economic outlook in the European Union and given the strong Swiss franc.
	BA Slams UK Travel Duty Hike 12/12/2011 Further rises in the UK's air passenger duty are completely at odds with the government’s declared aim of creating the foundations for growth, British Airways has said.
	Obama Emphasizes Importance Of Payroll Tax Cut 12/7/2011 In his latest weekly address from the White House, and following the announcement of the November jobs report, President Barack Obama exhorted the United States Congress to approve an extension of the payroll tax cuts, which will otherwise expire at the end of the year.
	Prepare For Austerity Budget, Kenny Tells Ireland 12/6/2011 Ireland's upcoming Budget will be necessarily tough, with the country's economy still in crisis, the Prime Minister has said. It will, however, build on the steps the government has already taken toward recovery and include over EUR1bn in tax hikes.
	Isle Of Man Finances 'Remain Strong' 11/14/2011 The Isle of Man government has clarified that the recent downgrade by Standard and Poor's credit rating agency, from AAA, to AA+, is not as a result of a deterioration in the country's finances, which 'remain strong', but as a result of a change in the agency's rating methodology.
	CBI Recommends UK Fiscal 'Plan A Plus' 11/14/2011 The UK government needs to consider enhancing current deficit reduction plans, the Confederation of British Industry has said, stressing the need for reform of the country's tax credit regime.
	FTT Implementation Could Destroy City Of London 11/8/2011 A Tobin tax would destroy derivatives trading in the City of London, crippling the UK economy, a new report has argued, while the Prime Minister has made clear that any such tax must be applied globally.
	Czech Republic Launches New R And D Incentives 11/4/2011 The Czech government has announced a number of tax incentives for firms establishing operations to engage in research and development in the Czech Republic.
	Tax Rules Hit Canadian Retirement Prospects 11/1/2011 Canadian workers are unable to save enough for their retirement because federal tax rules are preventing many from doing so, the C.D. Howe Institute has said, arguing that major reform is required.
	CBI Calls For Tax Incentives 11/1/2011 The Confederation of British Industry has called on the government to introduce a new tax incentive to encourage companies to take on young unemployed people, as part of a package of measures aimed at boosting employment across the UK.
	Canada's Budget Deficit Plummets 10/17/2011 An 8.5% increase in tax receipts helped reduce Canada’s deficit by 40% during the last financial year, according to the latest government figures.
	Irish Recovery Stronger Than Expected 10/17/2011 The Irish economy faces tough challenges as the country exits from a deep recession and banking crisis, but its long-term prospects now appear better than many of the other hard-hit European countries, according to the OECD’s latest Economic Survey of Ireland.
	Norway Unveils 2012 Budget Proposals 10/13/2011 The Norwegian government has recently unveiled details of its 2012 fiscal budget, designed to support a stable economy, and containing a number of fiscal measures.
	Reports Reject US Foreign Profits Tax Holiday 10/7/2011 Two new studies, from both sides of the political spectrum, have denied that, if a tax break for United States companies repatriating profits from their overseas operations was to be re-instated, additional investment and jobs would be created in the American economy.
	Curacao And St Maarten Face Fiscal Challenges 9/26/2011 In its first report since the break up of the Netherlands Antilles, the International Monetary Fund has noted that Curacao and Sint Maarten face several hurdles ahead in the short- and medium-term to restore economic growth, establish supportive tax regimes, and boost international competitiveness.
	EU Welcomes Ireland's Economic Progress 9/14/2011 Ireland has secured the third instalment of its bailout loans with the successful completion of the latest European Commission review, which has praised the introduction of reforms and plans for fiscal consolidation.
	Sweden Eyes Tax Cuts For Pensioners 9/12/2011 Provided that the country’s public finances permit, Sweden’s Alliance government plans to lower taxes for pensioners in Sweden in either 2013 or 2014.
	House Approves US Generalized System Of Preferences 9/12/2011 The Republican Party has, with a bipartisan vote in the House of Representatives, introduced and passed a renewal of the United States’ Generalized System of Preferences, and hope that it will prompt some action from President Barack Obama and the Democrat Party to present the pending free trade agreements to Congress.
	Switzerland Tops WEF Competitiveness Index 9/9/2011 Switzerland tops the overall rankings in the Global Competitiveness Report for 2011-2012, released on September 7 by the World Economic Forum.
	Swiss Government Welcomes Action On Franc 9/12/2011 Switzerland’s Federal Council has welcomed the recent decision by the Swiss National Bank to set a minimum exchange rate as part of efforts to weaken the Swiss franc.
	Spanish Parties Take Different Courses On Tax 9/7/2011 With elections fast approaching in Spain, the manifestos of the two main parties have begun to emerge, with the Socialists favouring wealth taxes, and the conservative Popular Party favouring corporate tax cuts and structural changes to the economy.
	Germany's Kauder Eyes EUR5bn In Tax Cuts 8/25/2011 Despite slowing economic growth, head of the Christian Democratic Union parliamentary group Volker Kauder has called for tax cuts in Germany of between EUR5bn and EUR7bn.
	Canada Consults On Employment Insurance Rates 8/22/2011 The Canadian government is to consult on proposals for the improvement of the Employment Insurance rate-setting mechanism, as part of a larger aim to ensure greater premium stability.
	Switzerland Plans EUR2bn Business Support Package 8/23/2011 Determined to mitigate the effects of the rapid rise of the Swiss franc, to support the Swiss economy and to strengthen Switzerland as an industrial centre, the Swiss Federal Council recently announced plans to swiftly introduce a CHF2bn (EUR1.8bn) package of measures targeting affected businesses.
	Bahamas 'In Good Shape', IMF Concludes 8/11/2011 The International Monetary Fund has said the Bahamas' economy is in good shape following an assessment undertaken during July.
	Spanish Opposition Eyes Corporate Tax Cut For SMEs 8/9/2011 Spanish opposition party leader, Mariano Rajoy, has remained largely tight-lipped over the policies his People's Party will implement should it be elected in the forthcoming elections, recently brought forward four months to November 2011.
	IMF Urges UK To Consider Tax Cuts 8/3/2011 While progress has been made in securing fiscal consolidation targets, low economic growth and high inflation in the UK has led the International Monetary Fund to warn that contingency plans, including the possibility of temporary tax cuts, should be considered.
	Ireland Confident Of Meeting Bailout Targets 7/15/2011 Irish Finance Minister Michael Noonan has welcomed the possibility of an interest rate reduction on the country's bailout loans, telling MPs that this is an important step forward as he briefed a committee hearing on the state of the economy.
	Lamy Warns Of The Rise of Protectionism 6/23/2011 World economies must be vigilant of protectionism, and resist pressures in this direction as the recovery from recession continues, the World Trade Organisation's director general has said.
	Estonian Lawmakers Approve Income Tax Cut 6/21/2011 The Estonian parliament has recently voted in favour of plans to reduce the country’s flat personal income tax rate from 21% to 20% from 2015.
	Report Makes Economic Case For NI Tax Cut 6/1/2011 A reduced corporation tax rate would place Northern Ireland on a far higher economic trajectory than would otherwise be the case, with greater investment levels, a higher standard of living, more jobs and a larger economy among the benefits outlined in a new report.
	Italy Must Simplify Tax System, Says IMF 5/12/2011 Italy is labouring under chronically weak growth performance, with structural reforms, fiscal consolidation and a simplified tax system all potential remedies, according to the latest International Monetary Fund findings.
	Pension Levy To Fund Irish Jobs Package 5/12/2011 As part of its strategy for kick starting economic growth, Irish Finance Minister Michael Noonan has launched a major new series of initiatives, aimed at boosting job creation in vital sectors such as tourism, but paid for by a temporary tax on pensions.
	Irish Budget Deficit Widens 5/6/2011 The Irish budget deficit has widened by 41% since last year as the nation's finances continue to reel as a result of payments, now amounting to nearly EUR70bn in total, to the nation's failed banks.
	Portugal's Austerity Plan Agreed 5/6/2011 Portugal’s EUR78bn bailout agreement, concluded recently with representatives of the European Union and the International Monetary Fund, contains a raft of austerity measures, designed to increase tax revenues and to reduce spending.
	Pakistan Business Proposes Economic Charter 5/4/2011 At a meeting of all the major Pakistani political parties there was an agreement to accept the majority of issues in a proposed charter for the economy prepared by the Pakistan Business Council.
	Irish Tax Receipts Lowest Since 2003 4/28/2011 Despite net receipts surpassing Budget expectations, the Irish Revenue's annual report shows that such levels are, in fact, down on the previous year, representing the lowest recorded since 2003.
	Harper Grilled On Canada's Corporate Tax 4/15/2011 Prime Minister Stephen Harper fought off accusations of corporate giveaways and corruption from opposition leaders during the first of Canada's election debates, and was grilled extensively about the justifiability of corporate tax reductions.
	UK Consults On Northern Irish Corporate Tax 3/30/2011 The UK's ongoing process of devolution could see the power to alter corporation tax rates conferred upon Northern Ireland, as the government launches a consultation process designed to rebalance the region's economy.
	Isle Of Man Economy Flourishing 3/30/2011 The Isle of Man Treasury Minister, Anne Craine has praised the island’s business community following the publication of further evidence that the island’s economy grew in 2010.
	Dunne Outlines NZ Tax Reforms 3/17/2011 Continuity and change was the theme of Peter Dunne’s speech to the International Fiscal Association Conference in Wellington last week.
	Estonian Flat Tax Safe 3/10/2011 Estonia's ruling coalition parties have won a majority of seats in the March 6 elections, a result that is being seen as an endorsement of the government's handling of the economic crisis, including the flat rate of income tax.
	Bermuda Budget Delivers Payroll Tax Cut 2/21/2011 Bermuda is to see a 2% cut in payroll tax rates during 2011-2012, according to Premier and Minister of Finance Paula A. Cox. Cox delivered the country's 2011-2012 Budget Statement on February 18 and spoke of Bermuda's "bleak outlook" and the measures she would take to "help us win the future by resetting the dial".
	English Justifies Recent NZ Tax Changes 2/18/2011 In a speech this week to the Auckland Chamber of Commerce and Massey University, Bill English, New Zealand Finance Minister, said he was satisfied that the Government had got the balance right with tackling the economy and introducing new tax packages.
	Prospects Favourable For The Swiss Economy 2/18/2011 According to Switzerland’s federal administration, the Swiss economy showed rapid and strong recovery from the recession in 2010.
	Bermuda Announces Moratorium On Work Permits 2/16/2011 The Bermuda government has announced a temporary moratorium on work permits for certain classes of workers, 'to ensure that opportunities remain available to Bermudians' during the downturn.
	South Africa To Give Tax Breaks To Create Jobs 2/14/2011 In his State of the Nation Address, South African President Jacob Zuma established the reduction of unemployment and creation of jobs as one of the government’s highest priorities, and promised a jobs fund and tax breaks.
	Fiat's Polish Tax Break Under EU Scrutiny 2/10/2011 The European Commission has opened a formal investigation under EU state aid rules into Polish plans to grant aid towards a project by the Fiat group to produce a new generation of petrol engines in the Silesia region.
	Isle Of Man Chief Thanks Business Community 1/28/2011 The Isle of Man Chief Minister, Tony Brown, has issued a statement thanking the island’s business community for continuing to drive the territory’s economy forward during the downturn.
	IMF Sounds US Deficit Warning 1/11/2011 The International Monetary Fund has warned that the temporary tax cuts approved by Congress late last year, while likely to have a positive impact on the economy, will add substantially to the federal deficit.
	Camp Means Business As US Economy Falters 1/11/2011 The chief of the tax-writing House Ways and Means Committee has placed renewed emphasis on the need for taxes to be simplified and cut following the release of disappointing unemployment data, which suggests that the US economy continues to stall.
	Obama Tax Package Could Threaten US Credit Rating 12/15/2010 Moody’s, the credit ratings agency, has disclosed that passage through the United States Congress of President Barack Obama’s tax package could raise the possibility of a negative outlook for the country’s present top Aaa long-term credit rating.
	Financial Crisis Hits The Bahamas 12/9/2010 The International Monetary Fund has published its Article IV consultation with the Bahamas, noting that the territory’s public finances have suffered significant exposure to the financial crisis, particularly as a result of a fall in tourism receipts.
	Spanish PM Announces Further Austerity Measures 12/6/2010 Determined to reassure anxious international markets of Spain’s solvency and to reduce the country’s deficit, Socialist Prime Minister Jose Luis Rodriguez Zapatero has recently unveiled details of a further round of austerity measures, including spending cuts, fiscal measures and privatisation proposals.
	Slovakia Urged To Widen Tax Base 12/1/2010 A new report by the Organization for Economic Cooperation and Development says that the global recession affected the Slovak economy to a greater extent than most other OECD countries.
	Canadian Banker Calls For Lower Taxes For The Poor 11/30/2010 In Canada, Toronto Dominion Bank CEO Ed Clark is advocating lower taxes for the poor.
	Obama, Boehner Revisit Renewal Of Tax Cuts 11/9/2010 During his weekly address, the United States President Obama called on both Democrat and Republican parties to work together and concentrate on the areas where both sides can agree, as Congress prepares to focus on taxes when it returns to work later this month.
	UK To Concede VAT Exemption On Outsourcing 10/21/2010 The UK insurance industry is set to incur increased costs on outsourcing as European member states push through the removal of the value-added tax exemption on outsourced claims handling.
	Sweden Unveils 2011 Budget Bill 10/14/2010 Sweden’s government has recently unveiled details of its 2011 budget, containing a number of tax measures designed to support economic recovery and to promote full employment.
	US Treasury Reports On HIRE Act Tax Credits 10/12/2010 The United States Department of the Treasury has released an updated report on the number of newly-hired workers who are eligible for tax credits under the Hiring Incentives to Restore Employment, passed in March this year.
	IMF Emphasizes Fiscal Consolidation In Barbados 9/30/2010 Marcello Estevão, chief of an International Monetary Fund (IMF) mission to Barbados, said that "with public deficits and public debt now at high levels, the emphasis has shifted to fiscal consolidation", in the latest Article IV consultation.
	Greece Brings Forward Corporate Tax Cuts 9/16/2010 During a recent keynote speech on the economy in Thessaloniki, Greek Prime Minister George Papandreou ruled out the introduction of further austerity measures, and announced plans to cut the tax rate on companies’ retained profits from 24% to 20% from next year, ahead of schedule.
	UK Launches National Insurance Holiday 9/8/2010 The UK government has begun offering new businesses, based in certain regions of the UK, National Insurance Contributions holidays, as announced in the coalition government's budget in June.
	France To Axe EUR10bn In Tax Breaks 8/24/2010 Following a recent meeting held at the Fort of Brégançon in the Var region of France, French President Nicolas Sarkozy unveiled plans to abolish EUR10bn in tax breaks in the autumn.
	Tax Breaks To Boost Private Space Exploration 8/19/2010 United States Senator Bill Nelson has announced legislation that would offer major tax and other incentives to encourage growth in the private space exploration industry.
	Luxembourg's Juncker Presents Economic Assessment 8/10/2010 Luxembourg’s Prime Minister Jean-Claude Juncker has recently presented an assessment of the government’s work to boost the country's economy, while also unveiling details of the key projects and priorities for 2010/2011, including preparation of the 2011 budget bill and pension reform.
	Irish Service Sector Confidence Highest In EU 8/6/2010 Confidence in the future of the services sector in low-tax Ireland is currently the highest in the European Union, according to the latest International Business Outlook Survey from KPMG.
	US Treasury Reports On HIRE Act Tax Credits 8/4/2010 The US Department of the Treasury has released a new state-by-state report on the number of newly hired workers who are eligible for tax credits under the Hiring Incentives to Restore Employment Act.
	US Small Business Relief Bill Stalls 8/4/2010 Legislation which would extend tax breaks available for small business in the US will now not be considered until September after Congress failed to agree on a number of new amendments before the summer recess.
	UK Tax Credits To Go 7/30/2010 Iain Duncan-Smith, the Secretary of State for Work and Pensions in the UK coalition government, is expected to formally unveil today (July 30) plans for a radical overhaul of the benefits system which could see low income tax credits swept aside in favour of a benefits model which provides more incentives for people to move into employment.
	UK Considers Tax Cut For Northern Ireland 7/30/2010 A UK parliamentary committee is to hold an inquiry into the business tax regime in Northern Ireland with a view to recommending how Ulster can compete more effectively with its low-tax neighbour to the south.
	Levin's Tax Proposals Rebuked 7/27/2010 The Center for Freedom and Prosperity's President, Andrew Quinlan has in a statement denounced US Senator Carl Levin's stated plan to use the amendment process on the small business lending bill to attack so-called ‘tax havens’.
	Republicans Fail To Kill US Death Tax 7/23/2010 The latest attempt by Republican Senator Jim DeMin in the US Congress to permanently repeal estate tax, which is due to kick back in at pre-2001 levels next year, has stalled in the Senate.
	US Firms Cash In On Employment Credits 7/15/2010 The US Department of the Treasury on July 12 released a new report showing that, from February 2010 to May 2010, businesses hired an estimated 4.5 million new workers who had been unemployed for eight weeks or longer, making those businesses eligible to receive up to a projected USD8.5bn in HIRE Act tax exemptions and credits.
	Austria Plans Tax Data Bank 7/6/2010 Austria’s Finance Minister Josef Pröll has confirmed plans to create a transparency database, providing every individual with a virtual account in which not only precise tax payments will be clearly visible and readily accessible, but also where they are able to view exactly what benefits they are receiving in return from the state.
	Continuity Candidate Wins Colombian Presidency 6/22/2010 Colombia has rejected tax and spend green candidate, Antanas Mockus, decisively in the presidential elections in favour of the continuity candidate, Juan Manuel Santos. The former defense minister previously had also held the post of finance minister in the Uribe administration.
	Ireland Losing Competitiveness, Academic Claims 6/7/2010 Improving Ireland’s investment environment is critical to staving off a prolonged recession, leading economist, Constantin Gurdgiev of Trinity College, Dublin, told a recent forum.

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