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 ...

South Korea Economy Facing Downside Risks
The South Korean economy will face some downside risks going...
Marlo Draghi (L) and Janet Yellen at the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming on January 7.
Stock markets have spent the year rising on bets of a...
The authorities—the government, the central bank, supported by the state-owned banks—are now pulling all levers  to keep this mounting debt under control.
Corporate debt in China has soared to $18 trillion, or 169% of...
Diesel Emissions Scandal a Risk to German Economy
The emissions scandal ensnaring German carmakers is a risk to...
Deals outside Turkey are much cheaper and better  than Turkish opportunities.
Robert Yuksel Yildirim had barely been at the family’s...
The London Metal Exchange
World stocks struggled at a 5-1/2-week low on Monday, though...
Madura Says Will Tackle Inflation
The Venezuelan government’s toughest challenge is fighting...
Thai Q2 GDP Surprises With 3.7% Rise
Thailand’s economy continued its recovery in the second...

Trending

Googleplus