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call for the European Commission to suspend the introduction of the new EU VAT laws for micro businesses.

call for the European Commission to suspend the introduction of the new EU VAT laws for micro businesses. On Jan 1, 2015 new EU VAT (consumer tax) regulations mean that any business selling digital services/products to EU customers must charge tax at the local rate for the purchaser’s country. There is no minimum threshold to exclude micro busine [...] Read more ...

via Whitehouse
23 Dec 2014

Combatting Eurozone deflation: QE for the people

There were spill-over effects on corporate bond yields, equity prices, and mortgage rates, closely linked to treasury yields. This directly lowered mortgage rates and added to credit flows available for financing mortgages. This argument neglects that conventional monetary policy and QE involves raising the prices of assets, which benefits the peop [...] Read more ...

via Voxeu
23 Dec 2014

Turkey ex-ministers accused of corruption to hear fate

The meeting of the parliamentary commission is due to get underway at 1300 GMT with no decision expected before 1700 GMT. He accused Gulen of concocting the graft scandal and spreading leaks in social media to topple the government. All four ministers protested their innocence when they appeared before the parliamentary commission, whose decision w [...] Read more ...

via France24
23 Dec 2014

Turkey-based AFP photographer wins Time laurel

He is the third Agence France-Presse photographer to win the Time laurel for excellence in news wire images, established in 2010. Previous AFP winners of Time's laurel for top wire service photographer are Mauricio Lima in 2010 and Marco Longari in 2012. Time magazine named AFP's Bulent Kilic as its Best Wire Photographer for 2014 on Monday for his [...] Read more ...

via France24
23 Dec 2014