Economy and Business Info

Archive for the ‘Tax info’ Category

If we want European Union move towards the consolidation of a federal state must occur European tax union, there must be a common tax framework for Europe.

That means that all European countries have the same taxes, but each within its jurisdiction may, as today in the Spanish regions, reductions deemed necessary to carry out their own fiscal policies, financial and economic.

This would establish a uniform European fiscal space that would allow a more harmonious economy and business-level citizen.

The interim report of the Organization for Economic Cooperation and Development (OECD) describes a very complex situation of the global economy.

On the one hand, predicts a clear (albeit slow) improvement of the global economy this year and 2011, driven by emerging countries and the pull of U.S. and Japan.

On the other establishes the doubt on the economies of the euro, which will be entering later growth rates above 2%.

Within the euro zone, Spain is in the caboose. It will be the only major world economy into recession this year (-0.2%) and in 2011 GDP will grow only 0.9%.

Although many times the OECD forecasts have failed miserably and others have been mere propaganda insidious, I think this time in Spain will be near the truth, although I think it a little bit better, but only a little.

As usual, the OECD is more concerned with the markets of the citizens, so the organization refers to the persistent unrest in financial markets and debt.

He worries about the recent turmoil has manifested itself in excessive volatility (sudden subsidence of trading followed by short climbs).

These problems would be corrected in a large part through increased coordination of budgetary policies in Europe.