November 24, 2012
The California Cap passes its first test, barely
See the article here: The California Cap passes its first test, barely
Hard hitting global and local news
Hard hitting global and local news
See the article here: The California Cap passes its first test, barely
Prepare for Spanish Implosion: Businesses Threaten to Leave Spain Over Tax Hikes; Finance Minister Proposes 56% Tax on Short-Term Financial Transactions Cristobal Montoro, the Spain’s finance minister has made a liquidity destroying proposal to tax short-term financial transactions at an astonishing 56% tax rate. Businesses are already upset over hikes in the VAT and have threatened to leave Spain. Interestingly, in spite of raising taxes elsewhere, the VAT was lowered on the highly subsidized renewable energy sector.
I’m planning to write a post on how a revenue neutral carbon tax might, just might, have a shot in the US in the medium term. First though I have to disagree with William’s argument that a revenue-neutral carbon tax is the only way to go – or to be more fair, is the best political approach