Ha sido acusado de robo de información el responsable de divulgar la evasión fiscal de multinacionales en Luxemburgo en l¡el caso conocido como LuxLeaks. Se trata de un ex empleado de la empresa auditora Pricewaterhouse Coopers Luxemburgo. Ha sido acusado de robo y blanqueo de dinero. Se trata de un ciudadano francés que habría divulgado cientos de páginas de acuerdos fiscales entre Luxemburgo y multinacionales. … [Read more...] about Denuncian por robo al descubridor de la evasión fiscal de LuxLeaks
Britain’s fiscal watchdog has said the Government is set to miss its target and would not balance the books until 2027, despite handing the Chancellor a rosier economic outlook. The Office for Budget Responsibility (OBR) said Philip Hammond’s objective of securing a balanced budget by 2025 was challenging due to the growing financial pressures from an ageing population. It said the Chancellor would miss the target by around two years if the deficit and public spending continued to fall at the same rate pencilled in for 2022/23. While such an outcome would be a blow to Mr Hammond, the prediction is brighter than the OBR’s forecast in November when it said the public finances may not shift into the black until 2030/31. Speaking after the Spring Statement, OBR chairman Robert Chote said: “(The Government’s) fiscal objective is to bring the public finances to balance as soon as possible in the next parliament, and when that target was set that would … [Read more...] about UK fiscal watchdog rules out Government balancing the books by 2025
Officials say spending picks up in second half of year 0SHARES Share Tweet Email PHOTO: REUTERS PESHAWAR: Despite claims from the government that it has prioritized previously underserved sectors such as education in the province, the government has now found itself in a different fix —a struggle to spend allocated funds. The Khyber-Pakhtunkhwa (K-P) government has shown the way to other provinces on how to allocate money for areas such as education in the amount of money it has allocated for education, doubling from Rs61 billion in 2013 to Rs138 billion in the ongoing fiscal year. However, the government has spent just 31 per cent of the allocated budget in the first half of the fiscal year 2017-18. The K-P government had earmarked Rs20.3 billion for uplift schemes in the education sector this year. Of this, Rs14 billion had been allocated for elementary and secondary education and Rs6.3 billion for higher education. But documents from the K-P Planning … [Read more...] about K-P struggles to spend budget in first half of fiscal year
Funds required for producing exportable surplus of goods can be acquired only by cutting govt spending 0SHARES Share Tweet Email PHOTO: FILE ISLAMABAD: To remain functional with a fiscally sound policy is the primary goal of a modern state. With fiscal waywardness, no state can survive the emerging challenges. As the national debt and fiscal deficit balloon over the past decade, Pakistan has lost direction in many spheres of the economy. It should be advised to undertake a decisive review of its policy and strategy. In order to cope with the challenges, the country needs to get rid of the fiscal unruliness. Does Pakistan have the capacity and the orientation to change course and opt for self-correction? Let’s hope it has. Academia-industry links key to economic growth However, the debt and deficit levels suggest Pakistan is drifting away and it is next to impossible to correct the imbalance. The twin problems have already … [Read more...] about Persistent challenge: Basic reforms can correct country’s fiscal disorder
COULD Teesside become the new Cayman Islands? No, not with a Caribbean climate where the temperature rarely falls beneath 30 and Redcar’s broad sandy beaches become thronged with sun-seeking tourists all year round. But rather could it gain the equivalent of the Cayman Islands’ tax haven status? Could Teesside become a low tax manufacturing haven? Yesterday, the mayor of the Tees Valley, Ben Houchen, launched a campaign to persuade the Treasury to allow Teesport to be designated as Britain’s first “free port”. An array of local businesses has already signed up to the campaign which has cross party support – Redcar’s Labour MP Anna Turley is writing an amendment to the Taxation (Cross-Border Trade) Bill that will create the regulatory framework by which free ports could be set up once we leave the EU. Loading article content At a normal port, a car manufacturer – as a simple example – would import headlights, build them into … [Read more...] about Jobs haven or fiscal hell?