And the Winner of the Race for the Highest Oil Taxation Is…
It is intriguing to observe the level of oil taxation in each European country owing to the mutual tax competition in the field of transportation.
public finances
Czech State Bank
Extraneous people (politicians, bureaucrats) decide about extraneous money (taxes) which is, as Milton Friedman concluded from his decision-making matrix, the most inefficient situation we can imagine.
Implicit Government Liabilities Displayed on Public Debt Clock in Warsaw
In 2013, Civil Development Forum added estimates of implicit public debt to the Public Debt Clock, which was launched three years ago.
ECB Four-Flush
As we have mentioned many times, China is preparing to enter the world currencies sphere. One piece of evidence is its vast activities in currency swaps with many countries, or the alleged increase in their official gold holdings.
Financial and Natural Hurricanes
The Bank of England has not changed its policy, but surprisingly our brothers, Czechs, entered currency wars. Although CNB decided to keep interest rates unchanged, it has decided on interventions on the foreign exchange market that weaken the koruna, so the exchange rate of the koruna against the euro is held close to CZK 27.
Germany’s Energy Policy: Hurrying ahead in the Wrong Direction
Germany wants to make it big. By the year 2050, German government aims to have achieved an 80 percent target for electricity supply from renewable energy sources.
Is Germany a Tax Haven?
This study is not worth the paper on which it is printed.
Will Poland Seize Private Pension Funds?
The changes proposed by the government have met with a fierce resistance from economists and other experts, because the campaign against the funds is clearly demagogic, and the nationalization threat conflicts with Poland’s successful transformation from communism, which has been based on privatization since 1989.
Entrepreneurial Freedom on Decline in Slovakia
Ever since the start of the financial crisis, Slovakia has been having serious problems with the sustainability of its public finances.
The Future of Money
Unfortunately, most governments are not using structural solutions; they are using cyclical solutions, such as greater monetary easing.
