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France, Germany led charge for new tax havens blacklist
AFP
Seventeen countries led by France and Germany decided on Tuesday to draw up a new blacklist of tax havens which could include Switzerland, in a first step toward rewriting the rules of global finance. The world's 40-odd tax havens, such as the Cayman Islands and Jersey, are known hideaways for undeclared revenue and host many of the non-regulated hedge funds that came under fire following the recent financial meltdown.
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Nobelist Paul Krugman explains the financial crisis
Newsweek
In an interview given to Newsweek Paul Krugman states that there is need for a big fiscal stimulus plan based on VAT tax, rather than income tax increases. The bailout should go with more conditions for the banks and America after the crisis is going to become "less exceptional and more like a normal Western country".
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France eyes local tax overhaul
Financial Times
The French government is to reform the country’s system of local taxation within three years in a bid to improve the competitiveness of its business, according to the industry minister. Luc Chatel told the Financial Times that Paris would initiate an overhaul of the taxe professionnelle in the new year and aim to put the changes in place before the end of President Nicolas Sarkozy’s five-year term, which ends in 2012.
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Despite Opting for "Change," Voters Proved Cautious on Fiscal Issues, Taxpayer Group's Analysis Finds
National Taxpayers Union
Spin-meisters of both parties are already arguing about what kind of "change" Americans voted for on Tuesday, but according to a post-election analysis from the 362,000-member National Taxpayers Union (NTU), voters often chose prudent stability - not radical change - when it came to matters affecting their pocketbooks.
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OTHER INFOS, NEWS, EVENTS
What did 2007 bring in terms of fiscal reforms in Europe?
IREF's Essay Contest prize winners receive their awards in Prague
United Business Media snubs UK tax regime
Why do Americans work so much more than Europeans?
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