At what point in the year does a typical taxpayer keep his earnings and stop paying the state – his “tax liberation day”? The only EU-wide study using consistent methodology calculates how long people have to work in 27 EU member countries in 2013 before they can keep their earnings and stop paying the state.
At what point in the year does a typical taxpayer keep his earnings and stop paying the state – his “tax liberation day”? The only EU-wide study using consistent methodology calculates how long people have to work in 27 EU member countries in 2012 before they can keep their earnings and stop paying the state. It is published today on the Irish Tax Liberation Day today. British taxpayers have their Tax Liberation Day tomorrow on 12 May. Maltese and Cypriots have already stopped paying into their state’s coffers. Belgians maintain their record of being the worst afflicted and have to wait until 5 August.
The complexity of the Services Directive - flagship of liberalisation efforts in Europe - is one of the reasons why the implementation process of this crucial EU legislation will take years and the services sector is not fully acting as EU’s growth engine. A new study published today by New Direction – The Foundation for European Reform and the Belgian think tank LIBERA! recommends a new simplified testing method if national regulations abide by the rules of the Directive and are necessary, suitable and proportionate.
As the latest summit of European leaders failed yet again to present any new strategy to combat the deeping euro-zone crisis and while the danger of a collapse of common currency is growing day by day as the Spanish banks are runnig out of cash, it is a high time for a viable PLAN B: the reorganisation of the Eurozone and the introduction of a GULDENMARK for Euro countries with a current account surplus. German Professor of public finance and political economy Dr. Markus Kerber, known for his legal challenge against the EU bailouts in Germany, has worked for the last months on this NEW plan with a team of leading European experts and in cooperation with New Direction – The Foundation for European Reform.
Just a few days before the Irish citizens will have a chance to vote on the eurozone fiscal discipline pack, a new study “Ireland and the Euro – A Journey without a Map” published today by New Direction – The Foundation for European Reform argues that the decision to join the EU currency union and a number of EU driven decisions have proved to be damaging for the Irish economy and development of the country. Without taking necessary action the future of Ireland is likely to be one of unrelieved economic decline marked by plunging living standards, mass unemployment and emigration.
In face of the financial and economic crisis, the world has been searching for ways to prevent future crises. More restrictive regulation of the economy and financial markets has become the mainstream political mantra.
New Direction looks for alternative ways to improve Europe’s competitiveness and economic growth, and for answers to the following questions: