Posts Tagged ‘economic growth’

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Greece is scheduled to exit its marathon bailout this summer after hitting the tough fiscal targets set by its creditors. But the country has done so by raising taxes so high that they are strangling the small businesses that form the backbone of its economy.

Bucharest (AFP) – Tax evasion is eating away at the heart of Romania and holding back the country, among the poorest in the European Union, in its efforts to catch up, analysts warn.

(Reuters) – Sweden’s centre-right government delivered a gloomy message to voters on Saturday ahead of next month’s general election, cutting its growth forecast due to weakness in the global economy and saying it will further raise taxes if re-elected.

China’s economy continues to expand, but at a slower rate than previously – GDP rose 7.4 per cent in the first quarter, year on year, the slowest rate since 2012 and down from 7.7 per cent in the previous quarter. The economy is expected to expand by 7.3 per cent this year, which would be […]

Next year’s tax growth goal will be lowered to 8 percent, China’s State Administration of Taxation announced on Dec. 28. It is 1.2 percent lower than the 9.2 percent tax growth planned for this year.

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