Results 1 to 4 of 4

Thread: see what happens every time taxes are raised ...

  1. #1
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default see what happens every time taxes are raised ...

    (snip)" The ECB has already signaled that it will raise interest rates for the seventh time since late 2005 when policy makers meet March 8, judging that the pace of economic growth is increasing inflation risks. The bank expects inflation to accelerate in the second half of the year.

    Services growth slowed in Germany and accelerated in France and Italy, today's report showed.

    German Slowdown

    German retail sales slumped 5.1 percent in January as consumers cut spending after Chancellor Angela Merkel increased VAT to 19 percent to 16 percent.

    Deutsche Telekom AG, Europe's largest telephone company, on March 1 posted its first loss in more than two years after half a million German customers defected and the costs of cutting jobs soared. "(snip)


    duhhh, increasing the 'sales tax' percentage from 16 to 19 percent wouldn't have ANYTHING to do with increasing inflation now, would it ?

  2. #2
    God/dess Casual Observer's Avatar
    Joined
    Jun 2004
    Location
    Boston MA
    Posts
    5,670
    Thanks
    35
    Thanked 144 Times in 74 Posts

    Default Re: see what happens every time taxes are raised ...

    ^ Should also mention the huge underground economy that exists to evade VAT in Europe.
    Idealism is fine, but as it approaches reality, the costs become prohibitive.

    William F. Buckley, Jr.

  3. #3
    Featured Member lunchbox's Avatar
    Joined
    Sep 2005
    Location
    falling from grace
    Posts
    1,943
    Thanks
    0
    Thanked 8 Times in 6 Posts

    Default Re: see what happens every time taxes are raised ...

    Funny, T-mobile just broke 25 million suscribers in the US.

  4. #4
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,932
    Thanks
    612
    Thanked 10,563 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: see what happens every time taxes are raised ...

    ^^^ well the USA doesn't have a 19% corporate profits tax / sales tax (vat) yet ! Thus T-mobile's after-tax losses in the european market were partially covered by after-tax profits from the American market.

Similar Threads

  1. need advice on taxes, first time on my own
    By sweetheart18 in forum Dollar Den
    Replies: 7
    Last Post: 07-22-2009, 01:43 PM
  2. Ahhhhhhh!!!! First Time EVER Filing Taxes.
    By RicanAsianMa in forum Dollar Den
    Replies: 15
    Last Post: 02-17-2009, 12:19 PM
  3. Replies: 0
    Last Post: 06-08-2007, 09:23 AM
  4. It's time to think about Income Taxes again
    By Melonie in forum Dollar Den
    Replies: 13
    Last Post: 01-07-2005, 08:12 AM
  5. First time doing taxes. HELP!!!
    By misshottrini in forum Dollar Den
    Replies: 5
    Last Post: 03-27-2004, 09:45 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •