Czech finance ministry proposes $3.4 billion windfall tax on energy, banks

Czech finance ministry proposes .4 billion windfall tax on energy, banks

PRAGUE, Oct 6 (Reuters) – The Czech Finance Ministry proposed on Thursday to slap a 60% tax on excess profits for 2023-2025 in the energy sector and for large banks, minister Zbynek Stanjura said. Stanjura told a news conference the tax would raise about 85 billion crowns ($3.41 billion) next year alone and apply to … Read more

Bolsonaro eyes dividend tax, debt pardon as Brazil campaign turns to economy

Bolsonaro eyes dividend tax, debt pardon as Brazil campaign turns to economy

BRASILIA, Oct 6 (Reuters) – Brazil’s right-wing President Jair Bolsonaro on Thursday announced a debt pardon for some consumers and a tax on dividends to pay for welfare spending, shifting the focus of a his re-election campaign to the economy as polls tightened. His leftist challenger, former President Luiz Inacio Lula da Silva, who got … Read more

Trust me: Britain’s Truss appeals for party support on economic plans

British PM seeks to restore authority Undermined by policy U-turn after market turmoil Says change means ‘disruption’ but also economic growth Unclear if she can get tax cuts through parliament BIRMINGHAM, England, Oct 5 (Reuters) – Prime Minister Liz Truss asked her Conservative Party on Wednesday to trust her, pledging to steer Britain through “stormy … Read more

Irish central bank sees lower economic growth, higher inflation next year

DUBLIN, Oct 5 (Reuters) – Ireland’s central bank pushed up its 2023 inflation projections and revised down its forecast for economic growth for the third quarter in row, but expects the drag on disposable incomes to ease in the second half of next year. The bank still sees modified domestic demand (MDD), its preferred economic … Read more

Proposed Shawnee Co. sales tax hike would benefit Gage Park, Topeka Zoo & Discovery Center

TOPEKA, Kan. (WIBW) – A county-wide sales tax increase will be on the general election ballot for Shawnee County residents. Supporters of the “Vote Gage Park” campaign gathered outside the Topeka Zoo Tuesday to brief the media about the proposed 0.2% sales tax increase. For those in Shawnee Co., the question will read: Shall the … Read more

les employeurs de l’économie sociale veulent une prime “social innovation”

Les employeurs de l’économie sociale et solidaire ont demande mardi la création d’une prime «social innovation“, l’élargissement aux associations du volontariat territorial en entreprise (VTE) ainsi que le maintien des emplois aidés, dans le cadre du budget 2023. À plus long terme pour le budget 2024, l’Union des employeurs de l’économie sociale et solidaire (UDES) … Read more

UK’s Truss refuses to rule out welfare cuts to fund economic plan

LONDON, Oct 4 (Reuters) – British Prime Minister Liz Truss has refused to rule out cutting benefit payments by less than soaring inflation to help fund her tax-cutting growth plan in what is likely to spark the next political rebellion over her economic plans. Truss and her finance minister Kwasi Kwarteng are racing to set … Read more

Analysis: UK bond market crash takes shine off Big Bang plans for London

LONDON, Oct 4 (Reuters) – Britain’s new Prime Minister Liz Truss promised to “unshackle” the City of London to fuel growth, but crashing the bond market over tax cuts will take the shine off her “Big Bang” plan for financial services. Markets took fright last month when UK finance minister Kwasi Kwarteng unveiled plans to … Read more

Exclusive: UK gilt market resilient despite ‘major repricing’ – debt office head

LONDON, Oct 4 (Reuters) – Britain’s bond market is undergoing “a major repricing”, but should comfortably absorb the extra 62 billion pounds ($69 billion) of debt announced after finance minister Kwasi Kwarteng’s Sept. 23 mini-budget, the head of the UK Debt Management Office (DMO) said on Monday. Robert Stheeman – the man tasked with overseeing … Read more

UK’s Truss makes U-turn on tax after week of market turmoil

Truss had defended the policy on Sunday Kwarteng now says it was a distraction U-turn made with ‘humility and contrition’ – Kwarteng Cut in the highest tax rate was a small part of the overall plan Markets were concerned about how the plan was to be financed BIRMINGHAM, England, Oct 3 (Reuters) – British Prime … Read more