Tag: fiscal reform
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Why Rachel Reeves’ Pay-Per-Mile Car Tax Could Sink UK EV Ambitions
Rachel Reeves and the EV crossroads As the Autumn Budget looms, political rhetoric around how to fund public services and transition to a greener economy is heating up. The most controversial topic on the table for some Tory and Labour observers is a pay-per-mile car tax—a policy that would tax drivers based on distance rather…
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What Marcos administration can do to arrest slower economic growth in 2025
Rationale: A slower 2025 growth path demands targeted reforms The Philippines posted a modest 4% GDP expansion in the third quarter, underscoring headwinds that could drag growth lower in 2025. Inflation volatility, elevated interest rates globally, and the need for faster project execution point to a policy mix that goes beyond short-term stimulus. Experts say…
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Reeves’ income tax raid: higher earners to pay thousands more
Overview: What the proposed tax changes mean for higher earners Britain faces a debate over whether to restructure income tax as part of a broader effort to fund public services and reduce the national deficit. The discussions focus on a target group: higher earners earning more than £75,000 a year. Proposals circulating in political circles…
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Israel’s Budget Battle: Finance Ministry Targets IDF Overspending and Proposes Bank Tax for 2026
Overview of the 2026 Budget Framework The Finance Ministry released the core principles of Israel’s 2026 state budget this week, signaling a major shift in how the government plans to finance security, welfare, and infrastructure. The reform package aims to curb what senior treasury officials describe as excessive military expenditure and to diversify revenue streams…
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Pakistan’s IMF Loans: Review Begins as Islamabad Seeks Measures to Meet Targets
IMF Review Kickoff: What the Mission Is Seeking to Achieve The International Monetary Fund (IMF) has begun formal discussions with Pakistan’s economic authorities to review the implementation of a $7 billion Extended Fund Facility (EFF) and a $1.1 billion Resilience and Sustainability Facility (RSF). The two-week mission, launched as Pakistan’s performance under the program through…