Dec 23, 2009
On December 22nd, the Japanese Government revealed its tax reform plan for the fiscal year beginning April 1st, 2010. The newly published tax guidelines are aimed at decreasing Japan’s public debt figure, which is currently at an approximated 180 percent of GDP. In order to achieve the goal, the tax plan will attempt to support [...]
On December 22nd, the Japanese Government revealed its tax reform plan for the fiscal year beginning April 1st, 2010.
The newly published tax guidelines are aimed at decreasing Japan's public debt figure, which is currently at an approximated 180 percent of GDP. In order to achieve the goal, the tax plan will attempt to support Prime Minister Yukio Hatoyama's earlier announced intentions of maintaining Japanese Government Bond issuance at JPY44 trillion (USD483 billion).
The most controversial announcement of the tax reform is replacing ... Read More
Dec 22, 2009
According to the latest survey, the number of corporations and organizations in the USA freezing salaries in 2009 has declined compared to 2008. The Mercer’s 2009/2010 US Compensation Planning Survey Update, released December 21st, shows that in the suffering economic conditions 30 percent of employers froze salaries, but only 14 percent planned to continue to [...]
According to the latest survey, the number of corporations and organizations in the USA freezing salaries in 2009 has declined compared to 2008.
The Mercer’s 2009/2010 US Compensation Planning Survey Update, released December 21st, shows that in the suffering economic conditions 30 percent of employers froze salaries, but only 14 percent planned to continue to hold earnings in 2010. The report indicates that average pay rises of 3.2 percent were seen in 2009, and the planned pay increases for 2010 are expected ... Read More
Dec 21, 2009
On December 18th, 2009, the European Free Trade Association (EFTA) released the fourth report covering state aid granted in Iceland, Lichtenstein and Norway, for the period between 2004 to the end of the 2008 year. The paper was prepared in co-operation with European Commission and includes comparisons with countries of the EU. A total of [...]
On December 18th, 2009, the European Free Trade Association (EFTA) released the fourth report covering state aid granted in Iceland, Lichtenstein and Norway, for the period between 2004 to the end of the 2008 year. The paper was prepared in co-operation with European Commission and includes comparisons with countries of the EU.
A total of €2,234.88 million was granted in state aid across the three surveyed countries in 2008, indicating an overall increase in grants across the countries. 98.9 percent of this amount ... Read More
Dec 18, 2009
Nations across the globe are facing a period of contracting GDP figures, though Australia has reported another quarter of continued growth. The latest Australian National Account release shows that the country’s GDP figure rose by 0.2 percent during the previous quarter. On December 16th, the Australian Bureau of Statistics (ABS) released the country’s National Account [...]
Nations across the globe are facing a period of contracting GDP figures, though Australia has reported another quarter of continued growth. The latest Australian National Account release shows that the country's GDP figure rose by 0.2 percent during the previous quarter.
On December 16th, the Australian Bureau of Statistics (ABS) released the country's National Account report for the September Quarter. The report figures show that the seasonally adjusted GDP figure rose by 0.2 percent compared to the June quarter, and 0.5 percent compared ... Read More
