M A I N P A G E


Tuesday, September 01, 2009

Once again dear friends 

posted by Georges @ 11:11

Unto the breach we go:

Spain's Socialist government is considering an increase in capital-gains tax as a result of the economic crisis but will not raise tax rates on earned income, José Luis Rodríguez Zapatero, prime minister, said on Monday.

Mr Zapatero and his cabinet have overseen a yawning budget deficit expected to reach 10 per cent of gross domestic product this year. They are now struggling to prepare a budget for 2010 in the face of falling revenues, higher state spending and resistance from the smaller political parties they need to pass laws in parliament.
Cuts in spending are never mentioned, contemplated or fathomed, even in the medium/long term. Of course, there is a bit of levity:

Mr Zapatero, who inherited a booming economy driven by construction and property development when he took office in 2004, has repeatedly told Spaniards that his governments have reduced the overall tax burden on the country and has said any increases will be "moderate and temporary".

|

FAIR USE NOTICE: This site may contain copyrighted material the use of which has not been pre-authorized by the copyright owner. Such material is made available to advance understanding of political, economic, scientific, social, art, media, and cultural issues. The 'fair use' of any such copyrighted material that may exist on this site is provided for under U.S. Copyright Law. In accordance with U.S. Code Title 17, Section 107, material on this site is distributed without profit to persons interested in such information for research and educational purposes. If you want to use any copyrighted material that may exist on this site for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. // AVIS : En vertu de l'article L. 122-5 du Code de Propriété Intellectuelle, ce site Internet peut contenir des citations dont l'usage n'aura pas reçu l'autorisation du détenteur ou de la détentrice du droit d'auteur. La présentation de ces citations se fait dans le but de faciliter la découverte de divers sujets politiques, économiques, scientifiques, sociaux, artistiques, médiatiques ou encore culturels. L'article L. 122-5 du Code de la Propriété Intellectuelle dispose et autorise « les analyses et courtes citations justifiées par le caractère critique, polémique, pédagogique, scientifique ou d'information de l'oeuvre à laquelle elles sont incorporées ». A contrario, les emprunts qui excéderont les dispositions du « droit de citation », devront obtenir l'autorisation du détenteur ou de la détentrice du droit d'auteur.