Greece and Beach UK (28)
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(AFX UK Focus) 2010-06-22 00:50 Japan panel: tax hikes needed for revenue boost
TOKYO, June 22 (Reuters) – Japan needs tax reform that will lead to a “considerable” increase in revenue as welfare spending is rising and the work force is declining due to an ageing and shrinking society, a government panel said on Tuesday. It did not say by how much Japan should raise taxes. But it said the sales tax, now 5 percent, will play an important role in tax reform as it allows the …
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Greece and Beach UK (22)
Image by ncfc0721
According to this interview: – you can’t wind-down a country. Well….only time will tell, perhaps not Greece, but the US?! – Greek only comprises 2% of the EU economy and therefore its financial cluster!@#! will be limited in impact (it will be interesting to see what happens on the streets of Athens when .5 billion in cuts is announced tomorrow) – the playback of crises is to monetize the debt and have the Germans pay for everyone’s corruption and decadence – KFW? European Central bank? – The problem has been COUNTRIES HAVE HAD ACCESS TO CHEAP MONEY FOR TOO LONG. Agreed. – at least Europe is talking about CUTTING spending. Whats going on in the US and Canada?!?! Deficit spending and money printing! – If you want to see what will happen to the US, watch the UK. Indeed…should be good entertainment value. – The UK is a much bigger story (perhaps again euphamistic for economic cluster@!#!) than Greece is. I like forward to watch that story develop. –