In January 2010, the largest tax reform in Denmark in more than ten years began taking effect, shifting some DKK 30 billion (€ 4.0 billion) of tax revenue when fully implemented in 2019. Of this, more than DKK 25 billion (€ 3.4 billion) is used to lower the marginal tax on income in order to encourage work and investment. In 2010 the top marginal tax rate was lowered from 63 percent to 56.1 percent – its lowest level in at least 40 years.
This is the amount of money promissed to Egypt and Tunisia by the multilateral development banks at the G8 meeting. This will include grants under the EUs budget for its…
IREF participated to the 8th European Resource Bank held in Yalta, Ukraine. Representatives from 50 think tanks joined the event and discussed the necessity to foster cooperation in order to…
One of the biggest Bulgarian newspapers Ce?? published an article from IREF’s board member Pierre Garello. The article is presenting the main conclusions of our Yearbook on European Taxation 2011.…
The Spanish newspaper LibreMercado.com published an article from IREF’s fellow Angel Martin, with reference to our Yearbook on European Taxation 2011. You can read the paper here.
France’s government presents a project to introduce several modifications in the fiscal law; a project to be validated by the National Assembly before the symbolic date of July 14.
This seems not totally unrealistic since, unlike other euro zone countries, Finland requires approval from parliament before taking part in EU bailouts. And without unanimous approval from EU member states, there will be no bailout…
The first phase of a €600 million public-private partnership on the Internet of the Future (FI-PPP) was launched today by European Commission Vice-President Neelie Kroes. The project aims to stimulate internet innovation, and reposes on the argument that “if we don’t invest and innovate first, our global competitors will”. Surprising point of view, giving the huge wave of innovations in the Internet area and the fact that they occurred without the help of any government.
This article appeared in the Wall Street Journal.
In the past year, Brussels has revealed its near-obsession with fiscal convergence in Europe. As the euro zone’s debt crises roil financial markets, the EU’s leaders have made clear that the only path they see to survival is centralized budgetary oversight and harmonized tax policy.
It is often rightly pointed out that the EU has (so far) no power to tax. True. But it has the power to regulate and uses it! If both, taxation and regulation have a profound impact on companies’ and, if only indirectly, on consumers’ decisions, taxation attracts more public attention largely because data on taxation are more readily available. As a consequence, the impact of EU and member states regulations on our economies tends to be underestimated. How can we correct for this? A look at the work done in the US by the Competitive Enterprise Institute, will provide some inspiration.