Tag: taxes

• Tuesday, October 5th 2010 - 23:20 UTC

  Brazil doubles tax on foreign investors buying local bonds and fixed return assets

  

  Brazil doubled this week the tax on foreign investors buying local bonds or making deposits in fixed returns in an attempt to curb a currency rally that has turned into an issue in the country's presidential race.

• Friday, August 13th 2010 - 06:39 UTC

  Argentine wheat farmers slash land sown to a 111 year low, says FT

  

  British newspaper “The Financial Times” has run a story focusing on Argentina's wheat production, explaining that due to export limits and taxes, “farmers have slashed the land sown with wheat to a 111-year low” and cereal exports “have been halved over the past five years.”

• Friday, June 4th 2010 - 05:07 UTC

  G-20 challenge: how to reduce deficits and not kill incipient economic recovery

  

  Disagreements over how quickly to reduce inflated budget deficits and restore balance to the global economy risk will be one of the main issues to be addressed at the high-level Group of 20 talks this week in South Korea.

• Wednesday, May 5th 2010 - 06:07 UTC

  Obama Administration Pushes for Fee on Large Banks to Pay for Bailouts

  

  United States big banks should be charged a fee to pay for bailouts as it will make them less prone to reckless lending, US Treasury Secretary Timothy Geithner told lawmakers as he sought support for the proposal.

• Saturday, May 1st 2010 - 02:16 UTC

  Taxes in UK Must Rise Sharply Anticipates Think Tank

  

  Taxes in Britain must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (NIESR). In a report, the think tank said taxes would have to rise by the equivalent of 6p on the basic income tax rate to get the budget deficit below 3% by 2020.