24203
Spain Told  to Boost  Indirect Taxes
World Economy

Spain Told to Boost Indirect Taxes

The International Monetary Fund has said that Spain should expand the indirect tax burden to boost the economy and put debt on a downward path, Tax-News reported. The IMF has recommended that Spain raise excise duties and environmental levies, and gradually phase out value-added tax concessions. The Fund said in its 2015 Article IV consultation report for Spain that these measures would bring the country’s tax collection efforts more in line with those of other European countries. The IMF noted that reforms to shift the burden of taxation from direct tax to indirect tax have already begun. The IMF said that the government’s decision to cut the corporate tax rate from 30% to 28% this year, and to 25% from next year, will make it easier for companies in the country to expand.

 

Short URL : https://goo.gl/6NQgeJ
  1. https://goo.gl/RiIaMd
  • https://goo.gl/Zx1nb6
  • https://goo.gl/dH72p8
  • https://goo.gl/HrgLFC
  • https://goo.gl/2Usvlw

You can also read ...

The 2017 “WannaCry” cyber attack demanded affected users wire ransom money via Bitcoin.
You don’t have to be a digital whizz kid to know that the wars...
A woman protests a planned coal-fired plant  in southern Thailand.
Southeast Asian governments are finding themselves caught...
Singapore to Hike GST for First  Time in Decade
Singapore is expected to raise goods and services tax for the...
Malaysia has shown willingness to move towards  a market-oriented mechanism.
Forty-three World Trade Organization members who participated...
South Africa Wants to Increase VAT Rates
With an economic downgrade to junk status, a slowly growing...
62% of Japan Loan Rate  Below 1%
After two years of the Bank of Japan guiding key interest...
Fitch Upgrades Greece
Fitch Ratings raised Greece’s sovereign credit rating by one...
China’s Commerce Ministry says the proposed US measures are groundless.
China said proposed US tariffs on imported steel and aluminum...

Trending

Googleplus