16th December marks Credit Day across Europe. This is the day that, on average, EU Member State governments have exhausted their annual tax income and start to spend borrowed money.
The European Union’s budget for foreign aid for the 2014-2020 period is of €82 billion on. As part of a new humanitarian aid package, €18.5 million will go to Latin American and Caribbean countries.
The European Commission has fined in July telecommunications multinational Qualcomm with €242 million as it condemns them for selling chipsets “below cost."
Free market liberals will have shuddered at the news that European Commission officials have drawn up far-reaching plans for a new €100 billion fund to promote European technology giants.
The purpose of this study is to compare the tax and social security burdens of individual employees earning typical salaries in each of the 28 member states of the European Union and, in doing so, to determine a “tax liberation day” — measuring how much of each year’s work is devoted to paying taxes — for workers in each country.