Tag Archives: taxes increasing

The welfare state debate: who gets what and who pays for it?

by Peter Whiteford

The appropriate level and structure of public spending is high on the policy agenda. A recent Grattan Institute report Budget pressures on Australian governments argues that Australian Federal and State governments potentially face a combined annual deficit of around 4 per cent of GDP by 2023, of which around 2.5 per cent of GDP would be at the Commonwealth government level.  In a speech to the Institute of Public Affairs in early May this year, then Shadow Treasurer Joe Hockey said that ‘attacking spending’ and ‘looking for structural saves’ was increasingly urgent, and he referred back to a 2012 speech given at the Institute of Economic Affairs in London where he argued that ‘all developed countries are now facing the end of the era of universal entitlement.  Addressing the ongoing fiscal crises will involve the winding back of universal access to payments and entitlements from the state.’

Japan | Japan’s $9 departure tax goes into effect

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Japan on Monday introduced a departure tax of 1,000 yen ($9.20) for each person leaving the country by plane or ship, the first new tax in 27 years.

Greece | Farmers Across Greece Prepare to Escalate Protest

Greek farmers throughout the country took to the roads with their tractors on Wednesday and made preparations to escalate protest action in the coming days. Among others, farmers are demanding that the government roll back new measures increasing their taxes and social insurance contributions.