Feb 26, 2010
The Central Bank of Brazil has reported that the national budget surplus rose to BRL16.19 billion (approx. USD 8.8 billion) in January, a marked improvement over the previous month, and over the same period in 2009. Signaling an economic recovery for the country, the Brazilian Government has announced that it has experienced the second highest [...]
The Central Bank of Brazil has reported that the national budget surplus rose to BRL16.19 billion (approx. USD 8.8 billion) in January, a marked improvement over the previous month, and over the same period in 2009.
Signaling an economic recovery for the country, the Brazilian Government has announced that it has experienced the second highest budget surplus ever recorded in the month of January for the country. The surplus, which included revenues from the federal government, local governments and state enterprises, had increased ... Read More
Feb 25, 2010
Greece has been referred to the Court of Justice of the European Union, after the European Commission (EC) deemed a series of tax exemptions issued by the jurisdiction to be illegal. On February 24th the EC released a statement referring Greece to the EU Court of Justice for breaking clauses within the Treaty on the [...]
Greece has been referred to the Court of Justice of the European Union, after the European Commission (EC) deemed a series of tax exemptions issued by the jurisdiction to be illegal.
On February 24th the EC released a statement referring Greece to the EU Court of Justice for breaking clauses within the Treaty on the Functioning of the European Union (TFEU). The EC claims that Greece broke EU legislations when it failed to comply with a decision passed by the Commission in ... Read More
Feb 24, 2010
US tax authorities have seen a fifth consecutive quarter of declining tax revenues, with the October-December period registering a 4.1 percent fall in national collections. According to the Rockerfeller Institute’s State Revenue Flash Report, released February 23rd, the US is experiencing continued drops in all three major tax sources. The report claimed that amongst the [...]
US tax authorities have seen a fifth consecutive quarter of declining tax revenues, with the October-December period registering a 4.1 percent fall in national collections.
According to the Rockerfeller Institute’s State Revenue Flash Report, released February 23rd, the US is experiencing continued drops in all three major tax sources. The report claimed that amongst the 46 states which had made their data for the period already available, the total tax collections for the October-December quarter equaled USD134.5 billion, compared to USD140.2 in ... Read More
Feb 23, 2010
The Singapore Minister of Finance has delivered the national budget for the 2010 financial year, proclaiming that the Government is setting its sights on creating a superior economy with higher skills, better jobs and rising incomes. On February 22nd, Tharman Shanmugaratnam, Minister of Finance of Singapore, announced that the Government has accepted the recommendations of [...]
The Singapore Minister of Finance has delivered the national budget for the 2010 financial year, proclaiming that the Government is setting its sights on creating a superior economy with higher skills, better jobs and rising incomes.
On February 22nd, Tharman Shanmugaratnam, Minister of Finance of Singapore, announced that the Government has accepted the recommendations of the Economic Strategies Committee (ESC) and set a course to foster the capabilities needed to positively transform the Singaporean economy over the next decade. The new Budget revolves ... Read More
