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[timesofmalta.com] timesofmalta.com - EU executive to propose VAT cuts to boost economy: SO THE EU AND OTHER EUROPEAN GOVERNMENTS ARE TAKING MEASURES TO LEAVE MORE MONEY IN THE POCKETS OF THE MAN IN THE STREET BE HIM TOM, DICK OR HARRY WHILST THE PN GOVERNMENT IS DOING EXACTLY THE OPPOSITE....WAIT AND SEE WHEN WE RECEIVE THE UTILITILY BILLS AFTER CHRISTMAS....

[Javno - World (English)] France, Germany Fail To Heal EU Growth Rift - World - Javno: France, Germany Fail To Heal EU Growth Rift The European Commission is due to unveil on Wednesday a proposal for how the EU should tackle the downturn.

[Silobreaker Feed] Silobreaker: France, Germany to help car industry: (BRUSSELS) - The following is a summary of national economic packages planned in Europe ahead of the European Commission's announcement on Wednesday of a coordinated .- [

[CNBC Europe Top News and Analysis] Brown Borrows Big to Kickstart British Economy - Britain * Europe ...: The European Commission will present plans on Wednesday to boost the EU economy, and U.S. President-elect Barack Obama has laid the ground for a massive new U.S. stimulus package, combining middle-class tax cuts and infrastructure spending.

[Forex Fundamental Analysis Reports (ActionForex.com)] FX Overnight Briefing - Forex Trading, Currency Forecast, FX ...: The final size of the programme, aimed at helping the EU limit the fall-out from the financial crisis, will be decided on Wednesday after consultations with national governments by Commission President Jose Manuel Barroso. It will then be discussed at an EU summit on Dec 11-12

[Life's irritations and other animals.] VAT - the EU elephant in the room. « Life’s irritations and other ...: Alistair Darling, (the nominated UK Chancellor of the Exchequer, although some would allege it is still Prime Minister Gordon Brown who pulls the purse strings), is widely expected to attempt to kick start the economy this week by reducing the standard rate of VAT from 17.5% to 15%.

[TurkishWeekly.net Latest News (20)] JTW News - Emergency Plan for British Economy Revealed: Mr Darling also confirmed that the £120 increase in personal tax allowance that was announced in May to compensate the 22 million workers who lost out from the controversial scrapping of the 10p income tax rate would be made permanent - and will rise to £145 next April.

[Zawya.com - Economy & Politics News] London shares jump five percent before key stimulus plan: Britain is governed by EU rules regarding VAT. There have been suggestions talk that other EU members may decide to follow Britain's lead and cut taxes on goods and services, but France and Germany ruled out such a move Monday.

[Centurean2's Weblog] BRITAIN Now In Battle For Survival With It’s Own Government ...: If Gordon Brown really wanted to kick start this economy, it is within his power, by reducing government spending, giving back the taxes that that spending required, putting that money back into the pockets of those who earned it, giving them room to push it back into the economy through personal spending.

[FXstreet.com] U.S. equities rose again: The final size of the programme, aimed at helping the EU limit the fall-out from the financial crisis, will be decided on Wednesday after consultations with national governments by Commission President Jose Manuel Barroso. It will then be discussed at an EU summit on Dec 11-12.

[Spectator - The Magazine] VAT to be cut to 15 percent | Coffee House: "Christmas shoppers could be given a boost if the Chancellor cuts the cost of VAT from the current 17.5 per cent that is added to almost all consumer goods on the high-street. If this was reduced to 15 per cent, the most likely possibility, it would cut the cost of a £500 television, for example, by £12.50".

[statism watch] statism watch » Blog Archive » Britain to introduce massive ...: British Prime Minister Gordon Brown will try to kickstart his country’s stalling economy on Monday by spending billions of borrowed pounds on tax cuts in a bid to stop a recession turning into a slump.

[AsiaTax Blog] Fiscal stimulus plans to tackle the crisis « AsiaTax Blog: Hungary announced plans for a 1,400 billion forint ($6.88 billion), two-year stimulus package to kick-start economic growth. The package does not involve new spending but a regrouping of existing funds to assist small and medium-sized businesses.

[A Different Voice] Trying to understand it all ”¦ « A Different Voice: Alistair Darling, the UK’s Finance Minister, announced in the House of Commons today a raft of measures which the government hopes with act as a catalyst to spark new growth in the dwindling economy, injecting £22 billion into the UK economy.  Chief amongst those measures is an immediate decrease in Value Added Tax (VAT), the UK ssales tax forced upon the UK when it joined the European Communities on New Year’s Day, 1973.  The VAT tax rate will be reduced from 17.5% to 15%.  Pensioners and those on low incomes or benefits will also receive more money.  This is to be funded by an increase in government borrowing.  The pound immediately increased in value against the dollar, reversing its previous sharp decline.

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