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The value-added tax (VAT) is currently the topic of much conversation in Washington. With growing deficits and mounting government debt, many see it as the only viable alternative to restore fiscal order. It is also an option to fund government-run health care.
With aftershocks still rippling through L'Aquila, some question the wisdom of holding next week's G-8 meeting in the quake-torn Italian city. But if Berlusconi's plan works, the summit could turn out to be the city's savior
THE SPOT PRICE OF GOLD eased back ahead of Thursday's New York opening after recovering half of yesterday's 2.1% losses to the US Dollar and Yen.
MANILA, Philippines - The Philippines was warned against relying on "increased levels of assistance" from rich donor countries since these economies are still reeling from the effects of the global crisis.
Wörtgötter says, "The biggest function of the OECD's outlook is trade harmonization." The editorial preface to the Organization for Economic Cooperation and Development's (OECD's) most recent semi-annual economic outlook is titled "Nearing the Bottom?"
The G8 summit opened in Italy, although one may not refer to the event as the meeting of eight leading countries in the world.
A protocol amending the double taxation avoidance agreement between the UK and Luxembourg to facilitate the exchange of information for tax purposes between the two governments was signed in London on July 2.
British Prime Minister Gordon Brown and French President Nicolas Sarkozy have said that those jurisdictions who fail to meet global tax transparency standards by next March should be punished with sanctions.
The Korea Medical Association yesterday said the country has too many doctors, refuting a report by the Organization for Economic Cooperation and Development saying the country has too few.
VIENNA (AFP)--Austrian members of parliament failed Wednesday to approve a resolution relaxing the country's strict banking secrecy laws, which came under fire this year.
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