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Keyword: taxtheworld

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  • Europe emission targets 'will fail to protect climate'

    10/20/2014 4:27:08 PM PDT · by Oldeconomybuyer · 4 replies
    BBC News ^ | October 20, 2014 | By Roger Harrabin
    Europe’s leaders are about to consign the Earth to the risk of dangerous climate change, a UN expert says. Prof Jim Skea, a vice-chair of the Intergovernmental Panel on Climate Change, says the EU’s plan to cut CO2 emissions 40% by 2030 is too weak. He says it will commit future governments to “extraordinary and unprecedented” emissions cuts. The Commission rejected the claim, saying the 40% target puts Europe on track for long-term climate goals. Prof Skea believes governments are setting targets by what appears to be politically achievable rather than what is necessary to transform the way we make...
  • Spain’s attempt to get EU to hit Gibraltar

    04/26/2013 11:24:22 PM PDT · by Olog-hai · 5 replies
    Gibraltar Port Authority ^ | April 24, 2013 | David Eade
    Given the good relations Gibraltar has now established with the EU in our own right, our government needs to use those to ward off a new attack by Spain. The Ministro de Hacienda y Administraciones Publicas, Cristobal Montoro, says that Spain has signed an accord with other European countries to form a working group to force the EU to eradicate what Spain calls “paraisos fiscales”. Montoro has Gibraltar firmly in his sights, and confirmed Spanish media reports that the Agencia Tributaria had formed a working group to stamp out tax evasion; specifically, the millions of euros Madrid insists are implanted...
  • Wealth tax to pay for EU bail-outs

    04/23/2013 6:12:18 PM PDT · by Lorianne · 15 replies
    Telegraph UK ^ | 14 April 2013 | Ambrose Evans-Pritchard
    Around 400,000 Britons live or own homes in the south of Spain, which is suffering a deep recession that is hampering Madrid’s attempts to balance the public finances and stave off a bail-out. Senior figures in Germany are now arguing that some richer home owners in countries like Spain, Portugal and Greece have so far avoided paying their fair share to rescue the euro, leaving Germany paying too much. Taxes on property or other assets would mark a significant change in Europe’s approach to funding bail-outs for eurozone members. Until now, the cost of rescue packages for countries like Ireland,...
  • Europe’s Tobin tax plan challenged by Italy, UK

    04/23/2013 3:35:16 PM PDT · by Olog-hai · 1 replies
    EurActiv ^ | 23 April 2013 | Jeremy Fleming
    The proposal to introduce a tax on financial transactions (FTT)—or Tobin tax—across a number of EU countries by January 2014 is under pressure as Italy wants fundamental changes to the plan and the UK has launched a legal challenge in the European Court of Justice. A statement on Saturday (20 April) from Italy’s permanent representative in Brussels, Ferdinando Nelli Feroci, said: “Transactions in state bonds should be excluded from the taxed instruments in the proposed Tobin tax.” He described this as a red-line, non-negotiable issue for Italy. … The plan was requested through “enhanced cooperation” by 11 countries, including Italy,...
  • Switzerland to defy EU tax transparency

    04/16/2013 6:18:20 PM PDT · by Olog-hai · 4 replies
    EU Observer ^ | 15.04.13 @ 09:30 | Benjamin Fox
    Switzerland should reject EU plans for mandatory information exchange on bank accounts, the country’s President has said. His statements comes amid new momentum in the EU to establish a system of automatic exchange of information among its member states and with other countries. In particular, it is anxious to agree a bilateral deal with Switzerland, one of the world’s largest tax havens. Speaking over the weekend to the La Matin Dimanche journal, the Swiss head of state, Ueli Maurer, said that the EU’s stance was “a dangerous moment for the country.” He added that the country’s status outside the EU...
  • Austria attacks UK as EU finance talks get ugly

    04/12/2013 6:25:31 PM PDT · by Olog-hai · 12 replies
    EU Observer ^ | 12.04.13 @ 09:28 (April 12) | Andrew Rettman
    Austria has accused the UK of being a haven for money launderers ahead of an EU meeting in Dublin, with Cyprus, Ireland, Portugal and Slovenia’s (potential) bailout needs also on the agenda. The Austrian finance minister, Maria Fekter, described Britain as “the island of the blessed for tax evasion and money laundering” in an interview with her country’s Kurier newspaper on Thursday (11 April). Comparing the UK and its “protectorates”—micro-states subject to British law—to Cyprus in terms of hosting secretive foundations and trusts, she noted: “Just as we urged the abolition of sealed foundations in the Cyprus rescue to drain...
  • EU Commission prepares ground for far-reaching economic powers

    03/23/2013 11:18:59 PM PDT · by Olog-hai · 6 replies
    EU Observer ^ | 21.03.13 @ 17:46 | Honor Mahony
    The European Commission has started preparing the ground for legislation that would prevent member states from undertaking major tax, labor or financial reforms without running it by the commission and other governments first. In an ideas paper published Wednesday (20 March), the commission said this ex-ante coordination should concern “major national economic reform plans and should take place at an early stage before the measures are adopted.” The suggested scope of covered policies would implicate virtually all national government legislation—including competitiveness and employment laws, reforms that cover product and services markets, as well as those affecting tax systems and network...
  • UK “faces 50/50 risk of suffering triple-dip recession” say economists as they warn of eurozone risk

    01/01/2013 11:11:56 AM PST · by Olog-hai · 5 replies
    Daily Mail (UK) ^ | 19:50 EST, 31 December 2012 | Hugo Duncan
    There is a 50/50 chance that Britain will slide into a devastating triple-dip recession this year, leading economists warn today. Output “probably” fell in the final three months of 2012 and could do so again in the first three months of 2013, said the Center for Economics and Business Research. Another two quarters of decline in a row would mean the third recession in five years and set the scene for another bleak year. The think-tank singled out the crisis in the eurozone as “a major challenge for the UK economy”, given it is Britain’s biggest trading partner. …
  • EU budget agreed after MEPs settle for €3.8-billion spending hike

    12/12/2012 11:50:50 PM PST · by Olog-hai
    EU Observer ^ | 12.12.12 @ 20:48 | Benjamin Fox
    The 2013 EU budget has been agreed after MEPs signed off on a deal worth €132.8 billion ($173.8 billion) in Strasbourg on Wednesday (12 December). The agreement breaks months of deadlock between MEPs, the commission and national governments. It increases EU spending next year by just €3.8 billion ($4.97 billion), over €5 billion ($6.5 billion) less than the sums demanded by MEPs and the EU executive. It also includes a controversial deal providing just €6.1 billion ($7.98 billion) of emergency funding to the European Commission to cover outstanding bills from 2012. …
  • Yvo de Boer: Put €150 per tonne price on carbon

    12/03/2012 6:21:25 AM PST · by Olog-hai · 16 replies
    EurActiv ^ | 03 December 2012 | Arthur Neslen
    Urgent action is needed to boost carbon prices to €150 per tonne ($215.65/ton)—2,250% higher than current levels—if the EU is to meet its decarbonization goals by 2050, the former secretary-general of the UNFCCC has told EurActiv in an interview. “We very quickly need to see a carbon price in the order of €150 a tonne because that’s the kind of level that drives the price signals that we really need,” Yvo de Boer said on a phone line from Manila, in the Philippines. EU carbon allowances are currently trading at €6.60 per tonne ($9.49/ton), but a price of around €150...
  • Obama shields US airlines from EU’s carbon scheme

    11/28/2012 5:28:30 PM PST · by Olog-hai · 1 replies
    EurActiv ^ | 28 November 2012 | (EurActiv.com with Reuters)
    President Barack Obama signed a bill yesterday (27 November) shielding US airlines from paying for each tonne of carbon their planes emit flying into and out of Europe, despite a recent move by Europe to suspend its proposed measure for one year. The bill was the first piece of legislation debated on the House floor after the US Congress returned from recess on 13 November, and had been cleared by the Senate in September in a rare unanimous vote. It gives the American transportation secretary the power to shield US airlines from Europe’s Emissions Trading System (ETS). … “It never...
  • Businesses urge Cameron to tame Euroskepticism

    11/20/2012 12:02:21 PM PST · by Olog-hai · 4 replies
    EurActiv ^ | 20 November 2012 | (EurActiv.com with Reuters)
    Britain would damage its fragile economy and risk isolation if it ended its often stormy relationship with the European Union, business leaders said on Monday (19 November) before critical EU budget talks later this week. Britain’s main business lobby group urged Prime Minister David Cameron to resist growing “Euroskeptic” calls to cut the island nation’s 40-year ties with a bloc that accounts for half of its trade. With the anti-European mood growing, opposition Labour leader Ed Miliband pledged not to let Britain “sleepwalk” towards an EU exit that he said would be bad for prosperity and a betrayal of Britain’s...
  • Van Rompuy: financial tax to form part of EU budget

    11/16/2012 10:39:57 AM PST · by Olog-hai · 2 replies
    EU Observer ^ | 11/16/2012 @ 10:26 | Benjamin Fox
    The much vaunted EU financial transaction tax (FTT) is set to be hard-wired into the EU budget, with most of its revenue going directly to the EU.A paper prepared by EU Council President Herman Van Rompuy and sent to European capitals ahead of next week’s EU budget summit, where leaders aim to agree a mandate on the budget framework for 2014-2020, would deduct FTT revenues from national contributions to the annual EU pot. Van Rompuy put forward his ideas after private talks with EU countries’ budget sherpas over the past 10 days. He has proposed a cut of €75 billion...
  • Tango with the Tax Man: Multinationals Find Loopholes Galore in Europe

    11/14/2012 11:34:43 AM PST · by Olog-hai · 6 replies
    Der Spiegel ^ | 11/14/2012 | Sven Böll, Markus Dettmer, Frank Dohmen, Christoph Pauly and Christian Reiermann
    Large multinationals, many of them based in the United States, are masters at avoiding taxes on profits made abroad. Apple, for example, paid just $100 million in taxes in 2010 on overseas profits of $13 billion. But Germany would like to put a stop to the practice, and is finding some influential support. … The operations corporations launch to optimize their tax bill go by various names, including "Double Irish" and "Dutch Sandwich," but the principle is always the same. In a confusing network of parent companies and subsidiaries, foreign branches and holding companies, sales, earnings and costs are shifted...
  • A Future in Europe? Commissioner Confronts London on EU Loyalty

    11/03/2012 8:30:01 PM PDT · by Olog-hai · 17 replies
    Der Spiegel ^ | 11/02/2012 | (cgh—with wire reports)
    Does Britain belong in the European Union? There are plenty both in the United Kingdom and on the Continent who have their doubts. Now, with the debate over the EU’s next budget raging, a European Commissioner has challenged London to decide. In Germany, Chancellor Angela Merkel is also losing her patience over the squabble. … On Friday, European Commissioner for Financial Programming and Budget Janusz Lewandowski, Poland’s representative in the EU’s executive, said it was time for Britain to make a fundamental decision regarding its future in the European Union. “Of course there are limits,” he said in an interview...
  • Biofuels industry threatens to sue European Commission

    10/17/2012 11:44:13 AM PDT · by Olog-hai · 3 replies
    EurActiv ^ | 17 October 2012 | Arthur Neslen
    Representatives of Europe’s biofuels industry have threatened to sue the European Commission if it proceeds with plans to limit crop-based biofuels because of their indirect effect on greenhouse gas emissions. “If no one is going to invest in us anymore, I think we should sue the European Commission for killing an industry,” Rob Vierhout, the secretary-general of ePure, Europe’s bioethanol association said at a roundtable in EurActiv’s offices. EurActiv understands that the EU has rowed back on plans to make biofuels suppliers account for greenhouse gas emissions in its proposals to deal with the Indirect Land Use Change (ILUC) issue,...
  • Brussels to launch shipping emissions monitoring system

    10/02/2012 12:05:16 AM PDT · by Olog-hai · 5 replies
    EurActiv ^ | 02 October 2012 | Marc Hall and Arthur Neslen
    The European Commission announced yesterday (2 October) that it intends to introduce an emissions monitoring system in early 2013, in a bid to curb the environmental footprint left by the shipping industry. The Commission said in a statement it would outline “a simple, robust and globally feasible approach towards setting a system for monitoring, reporting and verification of emissions based on fuel consumption”. This was “the necessary starting point” for further action on greenhouse gas emissions, it said, flagging market-based mechanisms. These could include a maritime emissions trading scheme (ETS) or bunker fuel levies. …
  • Financial transaction tax: 'Now effective'? (EU)

    10/02/2012 12:16:26 AM PDT · by Olog-hai · 10 replies
    EurActiv ^ | 01 October 2012 | (EurActiv.com, based on reporting by EurActiv.fr)
    France and Germany still need the backing of a number of member states to put in place a European Union financial transaction tax (FTT), despite claims from French President François Hollande that the tax is "now effective", EurActiv.fr reports. For over a year now, Paris and Berlin have been battling to persuade their European partners to put in place a FTT. … A working group, launched by Germany and France in March 2012, continues to discuss the proposal. Poland and Austria say they will take part in the project. To form a robust cooperation agreement, a minimum of nine countries...
  • Freeze Watch In Effect for SE Oregon

    08/22/2012 9:57:50 PM PDT · by Jack Hydrazine · 41 replies
    National Weather Service ^ | 22AUG2012 | Wright
    URGENT - WEATHER MESSAGE NATIONAL WEATHER SERVICE MEDFORD OR 210 PM PDT WED AUG 22 2012 ...WIDESPREAD FREEZING TEMPERATURES POSSIBLE FRIDAY MORNING... .COOL HIGH PRESSURE WILL MOVE OVER THE AREA THURSDAY NIGHT AND FRIDAY MORNING. CLEAR SKIES AND LIGHT WINDS WILL LEAD TO ADDITIONAL COOLING WITH FREEZING TEMPERATURES POSSIBLE OVER MUCH OF NORTHERN KLAMATH AND LAKE COUNTIES FRIDAY MORNING. ORZ029>031-231100- /O.NEW.KMFR.FZ.A.0011.120824T1000Z-120824T1500Z/ KLAMATH BASIN- NORTHERN AND EASTERN KLAMATH COUNTY AND WESTERN LAKE COUNTY- CENTRAL AND EASTERN LAKE COUNTY- INCLUDING THE CITIES OF...BEATTY...CHEMULT...CRESCENT... GILCHRIST...SPRAGUE RIVER 210 PM PDT WED AUG 22 2012 ...FREEZE WATCH IN EFFECT FOR FRIDAY MORNING... THE NATIONAL WEATHER...
  • Marine fuel rules could cost billions, analysts say (European Union regs)

    08/21/2012 8:27:43 AM PDT · by Olog-hai · 8 replies
    EurActiv ^ | 21 August 2012 | (EurActiv.com with Reuters)
    A European crackdown on pollution from ships will require billions worth of investment by shipping firms on filter technology and by refineries on upgrades to produce cleaner fuels—burdens the industries say they can ill afford. The shipping industry is already struggling due to poor global demand and overcapacity, which have pushed freight rates to unprofitable levels for many operators. European refineries are under pressure from high crude costs, cheap refined product imports and weak demand. To comply with new European Union laws, shipping companies now face extra costs of €2.6 billion ($3.2 billion) to €11 billion ($13.7 billion) to switch...
  • Think Progress Falsely Claims Global Warming Melted Street Lights in Oklahoma

    08/03/2012 8:08:32 AM PDT · by Olog-hai · 6 replies
    August 02, 2012 | 18:11 | Noel Sheppard
    So eager are the shills at the George Soros-funded far-left website Think Progress to find evidence of global warming that on Thursday they falsely blamed melting street lights in Stillwater, Oklahoma, on the heat. As originally reported by TP's Stephen Lacey:… Even as residents swelter in the relentless heat, Oklahoma Senator James Inhofe continued his tirade about man-made global warming during a Senate hearing yesterday, saying the science had “collapsed.” It appears the only thing collapsing are the street lights.Way down at the bottom is this:UPDATE: After we published this piece, we saw reports from people on the ground in...
  • Making Trolleys Out of Trucks: 'Green' Transport Idea Is Expensive Folly

    07/08/2012 12:25:12 AM PDT · by Olog-hai · 5 replies
    Der Spiegel ^ | 07/06/2012 | Christian Wüst (Translated from the German by Ella Ornstein)
    The German engineering giant Siemens is researching the idea of using overhead electricity lines to power truck traffic. But the state-supported project makes no sense. It would cost billions to implement—and only lead to higher fuel consumption and more pollution. … Germany's Ministry for the Environment (BMU) saw enough green potential in this hybrid truck to channel over €2 million ($2.5 million) in federal funding to the project. Siemens used the funds to help set up its first test track at an obsolete military airport north of Berlin. … In any case, electrifying Germany's roads is not going to bring...
  • Exxon boss speaks out against climate change 'fear factor'

    07/02/2012 10:31:14 PM PDT · by Olog-hai · 2 replies
    EurActiv ^ | 02 July 2012 | (EurActiv.com with Reuters)
    Fears about climate change are overblown and shifting weather patterns and rising sea levels should be considered an engineering problem, said the head of the world's largest oil refiner, ExxonMobil. "The fear factor that people want to throw out there to say 'we just have to stop this,' I do not accept," Rex Tillerson, ExxonMobil's chief executive, said in a speech on Wednesday (June 27). Tackling global poverty should have a higher international priority than reducing carbon emissions, because it would give billions of the world’s energy poor access to oil and gas supplies, in his view. "They'd love to...
  • Facing up to the sustainable consumption conundrum (ready, Malthusians?)

    07/02/2012 10:36:27 PM PDT · by Olog-hai · 52 replies
    EurActiv ^ | 02 July 2012
    The earth is running out of natural resources like land, water and minerals so quickly that if nothing is done, some predictions say that by 2030 humankind will need the equivalent of two planets to sustain our current lifestyle. Those chilling figures come from a famous World Wildlife Fund ‘Living Planet’ report in 2008, but what exactly can we do to reduce our environmental impact—which has got worse since then—and how should we go about doing it? People “desperately” need a means of putting the environmental impact of their products into context, according to Martin Barrow, a senior consultant at...
  • Chemical giants push for global green 'standards' at Rio

    06/22/2012 8:24:32 AM PDT · by Olog-hai · 9 replies
    EurActiv ^ | 22 June 2012 | Frédéric Simon
    Rattled in Europe by the REACH regulation and carbon dioxide emission curbs, international chemical companies are at the Rio Earth Summit determined to push for a global approach to environmental policy—but with a light regulatory touch. … The reasoning is simple and well-known. Rather than complying with a myriad of environmental laws in different countries, companies prefer dealing with a single set of globally-harmonized rules. … In Europe, the REACH regulation, adopted in 2006, has started a mammoth process of registering about 100,000 substances that are currently used in a wide range of consumer products, with the aim of gradually...
  • China could impound European planes in carbon row (dispute)

    06/12/2012 3:22:00 PM PDT · by Olog-hai · 14 replies
    Reuters ^ | Tue Jun 12, 2012 3:16am EDT
    China will take swift countermeasures that could include impounding European aircraft if the European Union punishes Chinese airlines for non-compliance with a scheme to curb carbon emissions, the China Air Transport Association said on Tuesday. Chinese airlines, which have been told by Beijing not to comply with the EU's Emissions Trading Scheme, refused to meet a March 31 deadline for submitting carbon emissions data. EU Climate Commissioner Connie Hedegaard has said carriers have until mid-June to submit their data before enforcement action is taken. "Chinese airlines are unanimous on this. We won't provide the data," Wei Zhenzhong, secretary general of...
  • MEPs approve the Tobin tax (EuroParl gets sneaky, financial transactions tax)

    05/29/2012 9:11:00 PM PDT · by Olog-hai · 4 replies
    PressEurop ^ | 24 May 2012 | (La Tribune, The Daily Telegraph)
    While the leaders of member countries were meeting in Brussels at an extraordinary summit on growth, the European Parliament approved the tax on financial transactions, known as Tobin tax, by 487 votes (152 against, with 46 abstentions). “The joint resolution of Parliament—whose opinion on the subject is only advisory—approves a proposal from the European Commission presented in September 2011,” reports La Tribune, mentioning that it will not come into force before the end of 2014. …Nine countries, including Germany and France, are defending bringing in the tax, but others, like Britain, are opposed because they fear it will provoke financial...
  • EU threatens China, India over airline emissions

    05/15/2012 11:27:23 AM PDT · by Olog-hai · 15 replies
    EurActiv ^ | 15 May 2012
    The European Commission today (15 May) gave defiant Chinese and Indian airlines one month to report their carbon emissions after they failed to meet their deadline, expanding a transcontinental feud over the EU’s Emissions Trading System. Ten air carriers from the two countries failed to report their 2011 emissions to the EU by the end of March and could face punitive actions if they do not file their reports by mid-June, said Climate Action Commissioner Connie Hedegaard. The eight Chinese and two Indian carriers that fly to and from EU airports could face sanctions from members states if they do...
  • Permit glut sparks talk of ‘carbon central bank’ (in EU)

    05/02/2012 11:43:31 PM PDT · by Olog-hai · 5 replies
    EurActiv ^ | 02 May 2012 | EurActiv.com with Reuters
    Analysts say that any one-off EU clearing of the massive glut of carbon permits now clogging the Emissions Trading System (ETS) is likely to lead to a ‘central bank' or other policy tool to manage future imbalances. But the European Commission is cautious about entrenching such a mechanism in the ETS, which is the bloc's chief weapon to fight climate change. Figures released today (2 May) show that 254 million carbon offsets worth around €2.6 billion were used in 2011, an 85% increase on 2010, despite statistics showing that the EU emissions continue to fall, due to recession. Companies are...
  • 'Gaia' scientist James Lovelock: I was 'alarmist' about climate change

    04/23/2012 10:48:49 AM PDT · by Olog-hai · 52 replies
    MSNBC ^ | April 23, 2012, 10:35 am | Ian Johnston
    James Lovelock, the maverick scientist who became a guru to the environmental movement with his “Gaia” theory of the Earth as a single organism, has admitted to being “alarmist” about climate change and says other environmental commentators, such as Al Gore, were too. Lovelock, 92, is writing a new book in which he will say climate change is still happening, but not as quickly as he once feared. He previously painted some of the direst visions of the effects of climate change. In 2006, in an article in the U.K.’s Independent newspaper, he wrote that “before this century is over...
  • EU plays down financial impact of carbon tax on airlines

    04/08/2012 4:16:46 PM PDT · by Olog-hai · 24 replies
    EU Business News ^ | 06 April 2012, 17:00 CET | (Via AFP)
    The EU's climate commissioner played down the impact of the controversial carbon tax being imposed by the bloc on airlines, saying Friday it would cost less than a cup of coffee per passenger. With the tax, sharply criticized by China and the United States, "a flight from Beijing to Frankfurt for example will cost around an extra two euros per passenger," Climate Commissioner Connie Hedegaard told the French daily Les Echos. "In other words, an amount less than that of a cup of coffee at the airport," she added. With the dispute intensifying over the tax, Hedegaard said it was...