Caspar Fox considers the role of tax measures in various countries’ plans to reduce their Budget deficits
As the global economy recovers from its worst recession since the Second World War the financial markets have shifted their focus to the high levels of public debt in many countries across the world.
These high levels of debt are clearly unsustainable. The question is when they should start being reduced at what rate and using what measures. This is a difficult balancing act for governments: they do not want to risk undermining their country’s economic recovery or indeed their own political position but they equally have to ensure that they do enough to appease the nervous financial markets.
Deficit-cutting measures
The two main ways for a government to cut its budget deficit are to reduce its expenditure or increase its tax revenues (by either increasing its tax rates or...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Caspar Fox considers the role of tax measures in various countries’ plans to reduce their Budget deficits
As the global economy recovers from its worst recession since the Second World War the financial markets have shifted their focus to the high levels of public debt in many countries across the world.
These high levels of debt are clearly unsustainable. The question is when they should start being reduced at what rate and using what measures. This is a difficult balancing act for governments: they do not want to risk undermining their country’s economic recovery or indeed their own political position but they equally have to ensure that they do enough to appease the nervous financial markets.
Deficit-cutting measures
The two main ways for a government to cut its budget deficit are to reduce its expenditure or increase its tax revenues (by either increasing its tax rates or...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
