The “Flat Tax Era” in Slovakia came to a definite end on 1st January 2013. Corporate tax rate of 23% (highest in the whole Central and East European Countries region by the way) became valid instead of the 19% rate. This was considered to be the last nail in the flat tax coffin.
Greeks are preparing a new emission of their bonds. Although only three years but they should bring 2.5-3 billion euro to the country.
Being a member of the European club is sufficient for common citizen. European institutions and their processes are largely unknown to the voters and they feel no urge to show any opinion, when even the parties are largely ambivalent towards European issues.
Europe is experiencing a boom in the contingent convertible bonds, in the Anglo-Saxon world also dubbed CoCos. These are the bonds which, at a certain point, convert to the shares of the debtor.
On May 1, 2014, the ten years long ban for foreigners on buying land in Slovakia comes to an end. The EU’s philosophy is that the European citizen is at home in every member country of the Union and this entails the possibility to buy an agricultural land. Thus, Slovakia and other member states are obliged to loosen these restrictions.
In Spain, the government-established expert group recommended a reduction of the corporate tax by 10%.
German Eurosceptic party AfD has been delighted this week, as the German court annulled the 3% quorum necessary to be elected in the European Parliament elections.
Not even government subventions can help the sinking Peugeot, so the company has to be rescued by a Chinese partner.
Not so long ago, they were developing a plan to further restrict the movement of Romanians and Bulgarians, and today they themselves are limited by the Swiss decision.
Last week members of the third strongest and openly neo-Nazi party, the Golden Dawn, destroyed a memorial monument dedicated to a murdered musician, Pavlos Fyssas. They intimidated his family in their house and smashed several bars without any resistance from the security forces.