Economic globalization
Top fifth of Turkish population gets 47.2 percent of national income: Survey
The richest top 20 percent of society in Turkey received 47.2 percent of total income in 2016, marking a slight increase from the previous year, according to Turkish Statistical Institute (TÜİK) figures.
EU Increases Taxes on Internet Giants
European finance ministers will be discussing next week amendments to regulations to increase taxes on multinational Internet companies such as Google and Amazon, European news agencies reported.
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After the Brexit Decision Bulgarians are Looking for Career Development in their Homeland
New tendency after the Brexit decision - more and more Bulgarians with experience and education in the UK are returning and looking for development in Bulgaria. The reason for this is the growing uncertainty and outcome of negotiations.
For 10 years, the Career in Bulgaria Forum helps Bulgarians from abroad to find work in Bulgaria.
Greece’s shadow economy is 21.5% of GDP, says German IAW
Some countries have much larger shadow or unofficial economies than others. Greece’s shadow economy is worth over a fifth of its total output, and Italy’s isn’t far behind, says a research by German IAW. However, the chart refers only to selected industrialized countries. And Germany is not doing much better…
IMF: Countries must avoid protectionism 'at all costs'
The International Monetary Fund warned world leaders on July 28 to avoid resorting to protectionist measures "at all costs" due to the damage it would cause to their own and the global economy.
At a time when President Donald Trump has repeatedly blamed trade for U.S. economic woes, and threatened to impose barriers to imports, the IMF said such policies would not work.
Breaking news: Deadline for income tax statement extended
Following calls by tax experts and the market sector, the Greek Finance Ministry issued an official announcement extending the deadline for the submission of income tax statements regarding physical and legal entities until Friday, July 21.
Dozens of Police Officers Injured During Protests in Hamburg
During clashes with anti-globalists in Hamburg 76 officers were injured according to France press, citing representative of the local police. There are also at least two injured among the protesters. Around five people were held in custody.
Germany pushes plan to boost private investment in Africa
Narrowing the gap between rich and poor is key to avoiding a destructive rise in populism, German Finance Minister Wolfgang Schaeuble said on April 22 as he laid out a plan to boost private investment in Africa.
Europe's Largest Banks Declare 26% of Profits in Tax Havens
The twenty largest European banks declare a quarter of their profits in tax haven zones, preferring Luxembourg, Hong Kong and Ireland, reported BGNES.
This was shown in a survey of the British non-governmental organisation Oxfam, published on Monday and cited by AFP.
EU To Put End To Tax Avoidance by MNCs
The Finance Ministers of EU member-states have agreed to close loopholes in tax legislation allowing multinational companies to avoid paying taxes on dividends, reported Reuters.
The agreement is a step in the direction of terminating the practice of companies declaring their taxes where they find it most expedient to pay taxes.
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