is the amount needed by Spanish banks to avoid the clash, revealed the Spanish government last week. This is supposed to be good news for European taxpayers who will have…
Key Figures
This is the decrease in the rate of economic growth per capita that results from an increase in the tax revenue to GDP ratio by 10 percentage points. This is…
This is the expected revenue from the financial transaction tax promoted by the EU. The proposal is expected to come into effect from 1st January 2014 and applies to the transactions carried out by financial institutions (banks, investment firms, insurance undertakings, collective investment undertakings, etc.) acting as party to a transaction, either for their own account or for the account of other persons. Most financial instruments (securities, bonds, etc.) and derivatives thereof (such as options or swaps) will be covered by the tax.
is the drop of tax revenue in the UK compared with January 2011. The natural explanation that comes to mind is the increase of the marginal tax rate from 40…
This is the US debt reduction over the next 10 years claimed in President Obama’s latest budget proposal. After careful examination of this amount it appears nevertheless that the spending…
is the amount of exposition of French banks to European countries’ private and public debt. They own for instance $106 billion of Italian public debt (which is six times higher…
This is the annual cost of one percentage point increase of the interest rates on French government bonds, according to the credit rating agency Moody’s. France is currently facing 2%…
Germany has raised over a quarter of its total EFSF obligation of €211 billion by way of what is essentially magic. The Telegraph reports that “Germany is €55bn richer than…
is the number of new regulatory actions in the works in the United States. Even before those 4,257 new regulations go into effect, the Federal Register shows more than 81,000…
This is the number of times the American Congress raised the debt ceiling in the last ten years. This is revealing systemic problems and, at some point, the incapacity of…
