On September 12, 2018, the European Parliament voted to initiate sanctions under Article 7 against Hungary. While the decision is definitely not a win for Viktor Orbán on a European level, it did boost his position at home.
If Ukraine loses the chance to receive assistance from the IMF and other international donors in 2018, the government will be hard-pressed to execute planned fiscal expenditures in 2018. The fiscal indicators will be also revised for 2019 to lower real GDP growth and higher inflation.
There is evidence showing that increases in mandatory minimum wage might force some firms to increase prices, lay off workers, cut fringe benefits for employees and engage in other revenue-boosting or cost-cutting measures.
Taxation of tobacco products raises severe economic and social concerns which should be taken into account when formulating further tobacco taxation policies, including on novel tobacco products. Increased education rather than higher excise duties should be the main policy.
Promotion of democracy, human rights, market economy, and rule of law was extremely important, but it had really brought much more diffused results than anticipated. Structurally, the EU is very well suited to play one of the leading roles.
The European Commission has presented a new proposal on the System of Own Resources of the European Union. If agreed on, the provisions of this proposal shall apply from January 1, 2021 – except the provisions regarding the CCCTB.
The definition of small and medium enterprises (SMEs) is an important issue, regarding not only a number of European policies that have been set up to ensure these SMEs benefit from financial support, fee reduction, reduced administrative burden, etc.
Previous tax cuts released 1% of GDP worth value to taxpayers’ pockets, followed by ongoing red tape cuts and market deregulations. These moderately intensive reform trends have created a methodologically based contribution for slight increase of economic freedom.
This title of this article might ruffle the feathers of all those who think emerging comparisons between Brussels and Moscow are somewhat “crossing the line”. Buckle up, as the following paragraphs will show you why such collations are by no means an exaggeration.