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A three-month transition period will be applied to allow companies to adapt to the new tax
Following Morsi’s ouster on 30 June, government adopted austerity-style policies, Centre Head says
Coalition warns against “grave consequences” over subsidies cut
The crisis lender is sensitive to charges it dictates socially and economically harsh reforms on countries availing themselves of its support.
Galal downplayed the importance of resuming talks with the International Monetary Fund (IMF) over the country’s pending $4.8bn loan, which the previous government under former president Mohamed Morsi had been pursuing since August 2012.
Spain formulating new budget
“I see the future as very black”, says a 55-year-old worker
(AFP) – Ministers in Israel’s cabinet were on Monday preparing to vote on a package of sweeping economic austerity measures in a bid to cut the budget deficit, in a move expected to hit the underprivileged hard. Central to the plan is a hike in income tax and VAT, as well as a 700 million …
Rajoy performed a U-turn by raising value added sales tax after having promised he would not do so