Ahmadinejad addresses nation on economy

President Mahmoud Ahmadinejad defended his reform plan to boost the Iranian economy. However, plans to introduce VAT and replace subsidies with cash payments to individuals have not been hailed at the...

Secret 18.5 percent VAT plan in UK denied

The UK government has denied that it has plans to raise the Value Added Tax (sales tax) to 18.5 percent if it wins the next election. A document purporting to describe the plan was published on the internet.It seems unlikely that the government would actually have such plans,...

Iran: Parliament and Ahmadinejad set to clash over impeachments (UPDATED)

Iranian President Ahmadinejad is having a rather difficult time. The Parliament (Masjid) is pushing towards the impeachment of another of his Minister. This time, the Minister of Communication and Information...

Philippines: Value Added Tax, a Filipino carried cross

In the great crisis this country is facing, one could not help but look into the cross every ordinary Filipino carries every day. Tax is everywhere and still there is no improvement seen in every Filipinos life....

Ahmadinejad forced to suspend value added tax mechanism for two months.

After mounting criticism from Bazaari political forces and business men, Iranian President Mahmoud Ahmadinejad called for the suspension a new value added tax mechanism for two months. "Under the new VAT policy...

EU governments urged to remove tax on condoms

"An online petition launched today urges EU governments to cut VAT on condoms to tackle the growth of AIDS in Europe.The European Parliament Socialist Group will present the petition to government ministers ahead of World AIDS Day on 1st December. Hundreds of Facebook users...

How To Tax

From: How To Tax (Original Story) Paul Graham recently posted (though apparently wrote some time ago) an interesting piece on the distribution of wealth. In the essay, he argues that variations of income can be a sign of progress, once past a certain tipping point. He...

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