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External articles (20)

TAFJA calls for heavy taxes on big business and the wealthy, and cutting corporate tax perks, as key steps in raising public finance for COVID-19 responses

As the COVID19 public health crisis continues to intensify, deep flaws in our societies and economies have become abundantly clear. It is a system that puts profits before people, privileges corporations and the wealthy, and deepens many forms of inequality and injustice, including gender inequal

Source: www.apmdd.org

TAFJA calls for heavy taxes on big business and the wealthy, and cutting corporate tax perks, as key steps in raising public finance for COVID-19 responses

As the COVID19 public health crisis continues to intensify, deep flaws in our societies and economies have become abundantly clear. It is a system that puts profits before people, privileges corporations and the wealthy, and deepens many forms of inequality and injustice, including gender inequal

Source: www.apmdd.org

A dramatic expansion of government contracting to the Big Four consulting companies

There has been a dramatic expansion of government contracting to the Big Four consulting companies—PwC, EY, KPMG and Deloitte—for providing advice. “Ironically, as the architects of global tax avoidance, the Big Four are more responsible than any other institutions for undermining the government’s tax base thanks to their tax avoidance advice for multinational clients. Yet they are also the biggest winners of taxpayer consultancies.”

Greece: people wonder when the pain will end

As the government signs on to another draconian agreement involving austerity and privatization with European institutions and the International Monetary Fund, its people wonder when the pain will end. “Mr. Tsipras's political opponents, who have been gaining ground in opinion polls, have noted that the country will remain under foreign supervision for years to come and will still be subject to harsh austerity measures, including a package approved by Parliament last week that includes further pension cuts, tax increases and privatization of state assets. That view is often echoed by regular Greeks. ‘What exit? This is a life sentence,’ said Giorgos Amanatidis, a 67-year-old pensioner in Athens. He added, ‘Taxes, taxes and more taxes.' Where's the light at the end of the tunnel? What kind of future do my grandchildren have here?’ The pace of privatizations has recently been accelerating.

Source: www.nytimes.com

Labour demands end to VAT loophole by NHS trusts putting jobs at risk

The Labour Party is demanding an end to a VAT loophole used by NHS trusts which they say could put thousands of jobs at risk. “Eight trusts have set up private companies and transferred 3,000 support staff such as cleaners and porters into them. A Health Service Journal report claims 16 more trusts are drawing up similar plans, affecting another 8,000 staff, to save on VAT bills. Shadow Health Secretary Jonathan Ashworth will write to Jeremy Hunt to tell him the move means an ‘unacceptable two-tier workforce.’ He will accuse the Health Secretary of ‘back door privatization’ by taking staff off the NHS payroll.”

Source: mirror

A new investment law intended to promote public land privatization runs into difficulties

A new investment law intended to promote public land privatization runs into difficulties. “The new investment law states that each ministry will appoint a representative at the investor services centre to authorize the privatization of state-owned land. However, the law does not resolve a long-standing issue: various state bodies often claim the right to the same piece of land. As a result, investments would risk being caught up in disputes between various ministries and authorities.” In addition, tax incentives included in the new law could hurt state revenues. [Economist Intelligence Unit, 15 May 2017]

Source: peopleoverprof.it

The Economist Intelligence Unit backs a government crackdown on resistance to privatization

The Economist Intelligence Unit backs a government crackdown on resistance to privatization. “The government has already faced extensive strikes by trade unions protesting at privatization and tax reform plans, and may now be confronted with even bigger protests. Companies operating in Greece should closely follow further government reform proposals and trade union reactions to them.” [“Greece risk: Labour market risk,” Economist Intelligence Unit—Risk Briefing, 3 April 2017]

Source: peopleoverprof.it

Privatisation or Taxing the Rich?

A debate on privatization has broken out in the pages of The Namibian following a call by Andrew Jansen of Simonis Storm Securities for the partial privatization of some state-owned enterprises as a possible solution to the economic crisis in the country. S. McCarthy of Walvis Bay writes, “Of course, Jansen is merely repeating the old propaganda that the so-called private sector is more efficient and, therefore better for Namibia. Just where is the evidence for this assertion? Does 'efficiency' mean greater profits for the 1%? This is probably how the capitalists use this concept. But what about the other side? The loss of jobs, the greater pauperization of the rest, and the vast increase in workloads for the remaining employees?”

Source: The Namibian