As debate continues to swirl around the issue in Europe, the notion of a tax on financial transactions (FTT) is also gaining traction in the US. Senator Tom Harkin (Dem-Iowa), and Congressman Peter DeFazio (Dem-Oregon) have tabled legislation to introduce a form of the tax. But how does the US approach to an FTT differ from the European debate?
The dispute over whether online retailers should pay sales tax in the US has stepped up a gear after a bipartisan group of senators this week introduced a bill that would make it easier for states to levy the tax.
The French government has announced that companies with revenue over €250 million ($344 million) will be hit with an additional corporate tax equal to 5% of their assessed tax, for the fiscal years 2011 and 2012.
Having passed through the lower house of Parliament last month, the 18 clean energy Bills are set to be voted into law by Tuesday. A final deadline had been set at November 21, and initial reports claimed next Thursday would be the big day, but things will move faster than that.
European governments are using divergent deficit reduction measures Governments across Europe have been understandably preoccupied with deficit reduction measures in recent months, and their subsequent budget announcements indicate that there is no one-size-fits-all solution.
