Rhein on Energy and Climate

Archives for euro & finance

The recent revelations about complex financial transactions of some 300 major companies profiting from differentials between corporate income tax bases and rates among member states and specific tax deals reducing their tax bill raise questions about the compatibility of national company taxation regimes with an economic and monetary union. After several fruitless efforts during the… » read more

Posted by Eberhard Rhein

On Friday (21 November) Mario Draghi, the ECB President, has provoked fireworks at EU stock exchanges after promising he would do all in his power to push inflation in the Euro – zone up to 2%, the ceiling considered as the “target” for EU and US central banks. Expectations of rising prices may give a… » read more

Posted by Eberhard Rhein

After obtaining green light from the Commission and the ECB small Lithuania is almost certain to get confirmation by the EMU finance ministers and join the EMU next January. This has been expected to happen for a long time. Lithuania has carefully prepared for it, especially by early tying its currency to the Euro and… » read more

Posted by Eberhard Rhein

Taxation should not only procure government revenue but also influence business and consumer behaviour. This goes for tobacco, gasoline and alcohol excise taxes as well as for VAT and income taxation. Profit taxation is becoming increasingly difficult in a global environment. Globally operating companies deriving their profits from subsidiaries across the the world try to… » read more

Posted by Eberhard Rhein

It has become commonplace to blame austerity policies for their negative impact on employment. But such criticism tends to overlook that they may also remove privileges certain social groups have been enjoying over decades. Take two examples, the Belgian government and the EU. In its efforts to come to terms with its critically high public… » read more

Posted by Eberhard Rhein

The European Council meeting of 28/29 June 2012 may enter history as having advanced further towards a deeper union among European countries, accompanied by a progressive split among Euro and non-Euro members. It has also demonstrated the ever rising complexity of decisions taken. Shaping European policy has never been easy and keeps becoming more and… » read more

Posted by Eberhard Rhein