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While faulting Madrid and Lisbon for failing to take necessary measures to bring their budgets within limits, the European Commission will leave it to EU finance ministers to decide if they deserve to be penalized.
Finance Minister Schäuble has presented Germany with another balanced budget to cement his reputation for austerity. But, with the country in need of social investment and interest rates low, isn’t it time to borrow?
The German cabinet has thrown its weight behind Finance Minister Wolfgang Schäuble’s draft budget for next year and his financing plans up to 2020. The main message is no fresh borrowing will be needed.
British plans to considerably lower corporate tax have drawn first reactions from political leaders across the EU. Surely no one wants to be at a disadvantage when it comes to luring companies, or keeping them.
Rumours that taxes for citizens will increase are not true, only methods will change in order to fight tax evasion, says minister
Britain’s finance minister has announced plans to drastically reduce corporate tax in the nation, still reeling from the pro-Brexit vote. The measure is aimed at tempting businesses to stay in the country.
In his first appearance since the UK voted to leave the EU, British Finance Minister George Osborne has sought to reassure financial markets. “No one should doubt our resolve to maintain fiscal stability,” Osborne said.
The goal is a simplified tax system for small businesses without additional burdens
Ahead of a meeting of eurozone finance minister, the head of the group, Jeroen Dijsselbloem has said Greece’s latest bailout package would need the participation of the International Monetary Fund (IMF).
We will slow down the growth of expenditure items and increase revenue to control deficits and debt, said Al-Garhi
Differences over fiscal policy and reforms dominate the agenda of a G7 finance ministers meeting, with a “go-your-own-way” response to weak global growth being the likely result of the two-day gathering in Japan.
The “finance minister” for the “Islamic State” (IS) Mustafa Al-Qaduli has been killed, US secretary of defence Ashton Carter said.
Egypt will actively participate in discussions and endeavours conducted in G20 summit
The minister’s statements did not address any change in the tax plan
Parliamentary elections will be another milestone towards economic reform, says Hany Kadry Dimian
Ministry of Housing plans to allocate 20% of the loan to fund housing unit rents
The government has a clear plan to implement the 22% tax upon new tax returns, says Hany Kadry Dimian
Non-banking financial activities witnessed significant growth last year, 2015 indicators are promising, says Mehleb
Dimian said the current law clashes with articles of the Kyoto Protocol, which aimed to facilitate customs procedures.
The minister unifies income tax for 10 years days before economic summit
EGP 341m to supply gas to homes, EGP 371m for Radio and Television Union, drinking water, textiles
Current draft not final, may be subject to revision based on ongoing consultations with business community, Ashraf says
Lowering dues of foreign oil companies, amending investment laws and resolving conflicts boost business sector’s trust
Government received offers from abroad to finance Suez Canal project but opted to finance it domestically, say finance minster
El-Araby expects positive IMF report mid-January following recent package of economic reforms
World Bank grants $200m to develop health issues, while energy efficiency increases through investments
By Oxford Business Group After years of uncertainty and turbulence, Egypt’s economy is beginning to show some signs of recovery, with a marked rise in business confidence helping to strengthen indicators in both capital markets and the broader economy. Emerging signs of growth are welcome not only for investors, but also for the government, following …