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Argentina’s wealth tax falls short The Fernández government’s one-off wealth tax has raised ARS $6 billion ($65 million) in tax revenue, just 2% of the revenue it was expected to generate. Yet the deadline for wealth tax payments is April 16. President Alberto Fernández introduced the wealth tax in December 2020 as part of efforts to raise more tax revenue to cover the costs of the public health response to COVID-19. It was designed as a one-off levy to tax owners of assets worth more than ARS $200 million in a bid to raise ARS $300 billion. An estimated 13,000 people are expected to pa...

Home» News»Possible FMS of P-8A MPA to Germany: P-3C stop-gap solution or MAWS alternative ? A P-8A Poseidon assigned to US Navy Patrol Squadron (VP) 16 is seen in flight over Jacksonville, Fla. (U.S Navy/Personnel Specialist 1st Class Anthony Petry/Released) Possible FMS of P-8A MPA to Germany: P-3C stop-gap solution or MAWS alternative ? The United States' State Department approved a possible Foreign Military Sale (FMS) to Germany of Boeing P-8A Maritime Patrol Aircraft (MPA) and associated support, and related equipment, for an estimated cost...

GBP/USD & FTSE 100 React to Latest UK Budget Announcement 2021-03-03 13:40:00 Justin McQueen, Analyst GBP & FTSE 100 See Muted Reaction to Budget Announcement UK Budget Remains Pro-Growth UK Budget Brief Recap UK Labour Market: As widely expected, the UK Chancellor confirmed an extension of furlough scheme until the end of September. The Universal Credit Uplift will continue for an additional 6-months. Business Support Measures: The Chancellor announced a super deduction to reduce tax bills if businesses invest, allowing for firms to reduce their tax bill by 130% of the cost of investment. T...

Estonia could look at cutting certain assistance and support programs to reduce the all-time high budget deficit, said prime minister Kaja Kallas' economic adviser and former Bank of Estonia governor Ardo Hansson. He also pointed out a possible extension to property taxation.

1 Financial Support Measures Based on the updated Guidelines on legislative and non‐legislative moratoria on loan repayments of the European Banking Authority (EBA/GL/2020/15), the Bulgarian National Bank announced that it may approve a revised framework for extension of the private moratorium on loan repayments, pending new proposal by the Association of the Bulgarian Banks. The moratorium may be applied by 31 March 2021 and the loan obligations may be postponed with 9 months. Employees whose work was suspended on the basis of a government order during the state of emergency or the emerge...