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 14, 2009
The first opinions and reviews have begun to be voiced, both internationally and within the UK, discussing details of a new tax on banking sector bonuses. As previously reported, on December 9th the Chancellor Alistair Darling in his Pre-Budget Report revealed that a new levy of 50 percent, will be charged on discretionary bonuses exceeding [...]
The first opinions and reviews have begun to be voiced, both internationally and within the UK, discussing details of a new tax on banking sector bonuses. As previously reported, on December 9th the Chancellor Alistair Darling in his Pre-Budget Report revealed that a new levy of 50 percent, will be charged on discretionary bonuses exceeding £25,000.
The extraordinary levels of bonuses in the banking industry, especially during times of financial turmoil has already been the subject of political and economical disputes for ... Read More
Dec 2, 2009
With booming car sales in the last months, experts and Chinese officials are confident that the country’s automobile sales tax cuts will continue next year.
Although there is no official confirmation of any future moves, in his last interview Chang Xiaocun, head of China’s Commerce Ministry’s department of market system development, was quite confident that the [...]
With booming car sales in the last months, experts and Chinese officials are confident that the country's automobile sales tax cuts will continue next year.
Although there is no official confirmation of any future moves, in his last interview Chang Xiaocun, head of China's Commerce Ministry's department of market system development, was quite confident that the Government is interested in extending the auto purchase tax cut program. Additionally to his words, some experts believe that the tax cut program could even be extended ... Read More
Nov 25, 2009
The tax burden, calculated as a ratio of tax receipts to Gross Domestic Product (GDP), faced by member countries of the Organization for Economic Cooperation and Development (OECD) fell by 0.5% in 2008.
According to the OECD’s “Revenue Statistics: 2009 Edition” report, published November 24th, the tax burden by its members has fallen as the [...]
The tax burden, calculated as a ratio of tax receipts to Gross Domestic Product (GDP), faced by member countries of the Organization for Economic Cooperation and Development (OECD) fell by 0.5% in 2008.
According to the OECD's "Revenue Statistics: 2009 Edition" report, published November 24th, the tax burden by its members has fallen as the worldwide financial crisis tolls global economies. The aggregate tax receipt-to-GDP ratio across the surveyed OECD nations in both 2007 and 2006 was 35.8%. Based on current provisional ... Read More
