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Contents contributed and discussions participated by Alex Iancu

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Ponta: Cutting CAS and implementing tax exemption for reinvested profits measures possi... - 0 views

www.agerpres.ro/...s-possible-to-achieve-18-57-36 romania tax jobs government spending
shared by Alex Iancu on 16 Apr 14 - No Cached
  • Cutting CAS and implementing tax exemption for reinvested profits measures possible to achieve
  • Prime Minister Victor Ponta on Monday told the plenary session of the Deputies Chamber that the cutting of the contributions to social security (CAS) by 5 per cent, the same as the introduction of the tax exemption for the reinvested profits are both projects that are 'reasonable" enough and 'possible to achieve.'
  • I believe that with competitive tariffs for energy and an adequate fiscal-budgetary policy, to combine cuttings with a corresponding financial-budgetary discipline, we will succeed in maintaining the economic stability of Romania, in 2015 and 2016 as well," Ponta said.
  • ...3 more annotations...
  • 'Reducing contributions to social security by 5 percentage points in the second half of the year is expected to have an impact on the budget worth probably around 2.6 billion lei. This means that the impact next year will be worth around 5.2 billion.
  • the government wants to reduce spending and obtain additional budget revenues so that to be able to cover the 2.6 billion leu in the second half of the year and the 5.2 billion in 2015,' Ponta said.
  • this cutting as a necessary condition for the further economic development of the country and the encouraging of the fiscal facilities and creation of jobs starting on July 1.
  • Alex Iancu on 16 Apr 14
     
    Romania changes its supply side policies. 
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India keeps interest rates on hold but rupee further sinks | Inquirer Business - 0 views

business.inquirer.net/...n-hold-but-rupee-further-sinks india keeps interest rates hold sinks business
shared by Alex Iancu on 16 Apr 14 - No Cached
  • India keeps interest rates on hold but rupee further sinks
  • dia’s central bank kept benchmark interest rates unchanged Tuesday as part of its struggle to prop up the battered rupee but the currency weakened further to hover just above a lifetime low.
  • Reserve Bank of India (RBI) made it clear its key priority right now is to support the rupee at the expense of spurring an economy that has been expanding at its weakest level in a decade.
  • ...8 more annotations...
  • the currency slid to 60.40 rupees to the dollar, close to its record low of 61.21 rupees hit earlier this month.
  • “The RBI has done everything to defend the rupee—but it did not hike rates,”
  • Business leaders and Finance Minister P. Chidambaram have been pushing for cheaper borrowing rates to boost growth,
  • push up the cost of imports, drive up already stubbornly high consumer price inflation and risk a widening of the current account deficit, which hit a record 4.8 percent of gross domestic product last year.
  • Earlier th
  • is month, the central bank raised two short-term lending rates to support the rupee, which is the worst-performing currency among major Asian nations.
  • India’s economic woes have led to increased speculation that it could be headed for an economic crisis of the sort it suffered in 1991, which forced a bailout by the International Monetary Fund.
  • “I feel shaky. Now there is a 10-20 percent chance that we might see 1991 again
  • Alex Iancu on 16 Apr 14
     
    India Inflation rate is kept constant-Rupee continues to sink
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Riders mount horse blockade of Paris over stable tax - Telegraph - 0 views

www.telegraph.co.uk/...-of-Paris-over-stable-tax.html tax riders france VAT
shared by Alex Iancu on 07 Jan 14 - No Cached
  • Lorry drivers and horse riders will seek to block roads in and around Paris and other major cities on Monday after a weekend of protests that saw several thousand truck drivers cause disruption across France and up to 40,000 “red caps” protest in Brittany against tax hikes and job losses.
  • Horse riders will take to the streets of Paris to denounce a plan to raise VAT on stables from 7 per cent to 20 per cent.
  • Meanwhile, lorry drivers plan to block roads around Lille, in the North, and Marseille, in the South in the latest effort to force the French government to cancel the so-called "ecotax" through which it aims to raise more than 1 billion euros a year to finance mostly rail infrastructure projects
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  • the French government has suspended its implementation until 2015
  • 26 blockades on France's main road arteries on Saturday
  • Up to 4,500 trucks caused significant disruption from the Paris region to Bordeaux and Aix-en-Provence in the south, affecting transit towards Spain and Italy
  • Meanwhile, in Brittany, up to 40,000 people took part in a rally in Carhaix, many wearing “bonnets rouges” (red caps) that have become synonymous with rising anger against President François Hollande’s punitive tax hikes.
  • “Brittany is being scorned and ignore
  • The government is due to propose a “Pact for the future of Brittany” on Wednesday which it hopes will finally quell the protest movement and stop it spreading to other regions.
  • Jean-Marc Ayrault, the prime minister, has promised a “total overhaul” of France’s tax system to quell tensions – an overhaul that Mr Hollande says will take his entire five-year mandate to complete
  • Jean-Luc Mélenchon, head of the Front de Gauche (Left Front) party, warned that “France is in 1788”, namely on the verge of revolution. “The tax system is rejected by all as everyone knows that it protects the privileged wealthy,” he told Le Parisien.
  • “We are asking for a tax reform respecting a simple principle: everyone pays and the more you earn, the more you pay.”
  • Alex Iancu on 07 Jan 14
     
    Very interesting article dealing with French protests against tax that appears to be protecting the wealthy. A lot can be discussed when analysing this article; the outcome of the blockades can be a subject of discussion (how it delayed transport, for example), also, Elasticities can be dealt with, as PES is clearly higher than PED in this case. 
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Adam Sandler Tops Forbes' 2013 List Of The Most Overpaid Actors - Forbes - 1 views

www.forbes.com/...st-of-the-most-overpaid-actors adam sandler estimating business plan allocating resources opportunity cost
shared by Alex Iancu on 11 Dec 13 - No Cached
  • Adam Sandler is one of the few actors in Hollywood who can still demand a paycheck north of $15 million. That’s great for his bank account but not always so great for the studios that employ him.
  • Jack & Jill grossed $150 million but the film cost an estimated $80 million to make. Considering studios take home about half of box office receipts, that means only about $70 million flowed to Sony Sony, which also had to pay to advertise the stinker.
  • . We estimate that for every dollar Sandler was paid on his last three movies, the films returned an average of $3.40.
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  • The problem for Hollywood is that telling a hit from a miss before the movie is made is almost impossible.
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Astronaut Mark Kelly Joins Near-Space Tourism Company World View - Forbes - 1 views

www.forbes.com/...ace-tourism-company-world-view celebrity advertising substitutes demand
shared by Alex Iancu on 11 Dec 13 - No Cached
  • Tucson, AZ-based World View Enterprises, which aims to take people into near space altitudes via balloon, announced today that former NASA astronaut Mark Kelly is joining the company as its Director of Flight Crew Operations. The company announced that it will also begin taking reservations for its flights this week.
  • The cost for a trip will be $75,000. Pricey, but not nearly as expensive as a suborbital trip on a Virgin Galactic spaceship, which will cost about $250,000.
  • “ This is going to a very high altitude – only about 6 people have flown this high in a balloon before,”
  • Alex Iancu on 11 Dec 13
     
    Interesting Reading- Deals with demand and the factors that cause shift in demand.
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