News from the world: the international press review

2021-09-14T06:38:46.007Z

Luigi Einaudi said that "the optimal tax is the one that obtains the best satisfaction of public needs". Yes, but who pays? Who will pay for the ecological transition, the costs of the pandemic, health, education? We are once again talking about taxes, incomes, purchasing power. In Europe and the United States. And with different ideas Dagbladet Revenge. "We have to change Norway and the world," says Labor leader Jonas Gahr Støre. The Labor Party won the election after being in opposition for eight years, the longest post-war period. The left front, made up of five different parties, close to 100 of the 169 seats in Parliament Now Jonas Gahr Støre, who can now start thinking about government negotiations.Store still refuses to answer if he takes the ruling Center Party. But in the Labor Party, the plan is clear and work is well underway to unite the three red-green parties. Today at 14 the meeting of the Central Committee of the party. As for the issues to be negotiated, the most inflamed are expected to be oil and gas policy, climate taxes. These are the cases in which Labor and the socialist left are furthest apart. As for the environmentalists, they conditioned their entry in the majority to the immediate end of oil exploration in the country, ultimatum rejected by Store Dagsavisen Now he must build a bridge After the victory at the polls, these are the problems of Store There is no time to cheer for victory for the Labor leader.On climate and health, the negotiation to form the new government announces difficult. "Now Store has to demonstrate his skills as a bridge builder to unite a divided left," he tells the newspaper Trigve Svensson, of Tankesmien Agenda, a Norwegian think tank Le Parisien Buying power. The disturbing flare-up of prices at the pump The liter of unleaded petrol now flirts with the symbolic threshold of two euros, it also passes it in some distributors in the Vendée. Increases impacting motorists' budgets and adding to the sharp rise in gas and electricity billsimpact to lower the electricity bill in the face of the upward spiral in electricity, which has set historical records almost every week since the beginning of the summer. Sánchez, in an interview with RTVE, outlined new electricity tax cuts and other measures to make electricity and gas cheaper. "There are energy companies that are making extraordinary profits right now. This does not seem acceptable to me," said Sánchez, who assures that he will take away tax advantages from energy companies, which can afford it, to cover their gas bills. With this decision, the Executive intends to honor the commitment made in an interview with EL PAÍS: "We are working, said Sanchez, so that at the end of 2021 the Spaniards pay an amount similar to that of 2018 in their electricity bills ". La Tribune Exclusive interview with Patrick Pouyanné, head of Total Energies:" It is oil money that finances the energy transition "In May Total changed its name, it became Total Energies, what does it mean? The reasoning of the Board of Directors and the CEO of Total was simple: either our company, which is 100 years old - was founded in 1924 -, it remains on the current oil and gas highway, important but declining markets, and in this case, the business will not last very long, or we decide to commit ourselves frankly to the energy that will enable decarbonisation, namely electricity.And so a huge field of opportunity in renewable energy opens up before us. We have therefore decided to add, in addition to oil and natural gas, five other energies: electricity, hydrogen, biomass and of course wind and solar. TotalEnergies will be the protagonist of the energy transition, with the aim of being among the 5 largest producers of renewable energy by 2030. But Total for the French remains tied to oil, they did not want you among the sponsors of the Paris 2024 Olympics, at the Polytechnic you are challenged, how do you plan to change Total's image? "We are giving ourselves the means and we will convince the French with the tests", replies Pouyanné, underlining the difficulties in Europe to find space to build wind and solar turbines. "It is up to the public authorities and society to know what it wants "Le Figaro Rises the pressure to increase wages, the return of growth, the shortage of labor and the first signs of inflation are fueling wage demands, which burst into the political debate A few months later from the presidential elections, the unions talk about increases, and the government tries to keep them at bay. The entrepreneurs warn against any generalized measure that does not take into account the different conditions experienced by companies in different sectors. For now the government has decided to do not touch the smic, the minimum wage, judging that it would be counterproductive for the Edito occupation: the dams of demagogy if it really wants to make its contribution to purchasing power, the government has excellent levers.Starting with the reduction in the cost of labor: the gross wage of a worker is burdened by 30 to 40% of the burdens to be paid by the employer and lightened by 25% of social contributions. It always comes back to the same problem: to compensate for any cuts in tax burdens, savings should be found in public spending. And seven months before the elections, no one has the slightest idea. Liberation Leave or double, the wages of the unrealistic professors? By proposing to double the salaries of teachers, Anne Hidalgo drew the sarcasm of the minister Jean Michel Blanquer and the criticisms of Jean Luc Melanchon. Yet if we look at the OECD average, the proposal deserves to be studied As soon as her presidential candidacy has been declared, Anne Hidalgo is already causing a heated debate. "Demagoga", "populist"or more soberly "unrealistic": his proposal to double teachers' salaries within five years makes his opponents scream, left and right. Hidalgo yesterday on France Inter reiterated that it is "unacceptable that our teachers are so poorly paid", defining education and health as "essential missions". At least it has the merit of putting teachers' salaries at the center of the campaign. The question is fundamental, because the French education system, considered one of the best in the world not long ago, is struggling in all evaluation rankings compared to those of countries that have invested much more in teachers since the early 2000s. Handelsblatt TheUnion plans tax cuts Candidate Chancellor Armin Laschet promises higher tax cuts and wants to abolish the solidarity tax. With his immediate program, he is fulfilling a desire of the business community. In light of the weak polls, Armin Laschet, the candidate for chancellor of the CDU / CSU, is looking to score points in the last sprint of the election campaign with new promises of tax cuts. In particular, the CDU / CSU proposes to increase the tax relief for employees to 1250 euros. The child allowance will also be increased and the commuter allowance "dynamized". "We want to lighten the burden on families with children and completely abolish the solidarity tax", said Hessian President Volker Bouffier in a 'interview with Handelsblatt. Some economists and the SPD have criticized the promises as inaccessible. NYT The House Democrats' plan to raise taxes on the rich leaves vast fortunes of the super rich intact because it focuses on incomes rather than wealth. House Democrats on Monday unveiled a plan to pay for their expansive social policy and climate change package by raising taxes by more than $ 2 trillion, largely on wealthy individuals and profitable corporations. But the proposal, while substantial in scope, stopped well before the changes needed to dent the vast fortunes of tycoons like Jeff Bezos and Elon Musk, or to completely close the most egregious tax loopholes exploited by finance captains. Faced with a divided Congress,House Democrats have chosen to be more attentive to their party's moderate concerns than to its progressive ambitions. They focused on traditional ways of increasing revenue: by raising income tax rates rather than targeting wealth itself. WPost With Big Tax Boost, Democrats Aim To Face Huge 1% Gains On Monday, Senior House Democrats unveiled legislation that would represent the most significant tax hike for the wealthy and some corporations in decades, reflecting commitment Biden to address a dramatic rise in inequality in the United States. House Ways and Means Committee Chair Richard E. Neal (D-Mass.) proposed more than $ 2 trillion in new revenue that would overwhelmingly affect the richest 1% of Americans with a host of new taxes and tax changes that will affect their incomes, investments, businesses, wealth, retirement funds and other assets . Economists and tax experts say the White House-backed proposal represents the first major congressional effort to address the populist political fervor about the gap between America's ultra-rich and its middle class that has widened to unprecedented levels in America. almost a century. . Fears of an unduly weighted tax system for the rich only intensified during the pandemic. Only since 2019, according to Gabriel Zucman, an economist at the University of California at Berkeley,wealth controlled by the top 400 people in America increased by $ 1.4 trillion. For Republicans, tax hikes will hurt middle-class families, drain investment, and strain economic growth. WSJ Here's the tax plan to fund the published Biden agenda: It's been in hiding longer than some Egyptian mummies, but Joe Biden - Nancy Pelosi - Bernie Sanders' expense account is about to be exposed. The Ways and Means Committee's tax hike project that leaked over the weekend and raises taxes by $ 2.2 trillion. The more bizarre version is that the House's democratic project is less onerous than what President Biden proposed. As a percentage of GDP,the House proposal is still the largest tax hike since 1968. If Americans are successful, Democrats want to tax their income more. The maximum individual tax rate will rise to 39.6% from 37%, as promised by Biden. But wait: the higher tax rate will take effect at just $ 400,000 for individuals and $ 450,000 for married couples. This is a sharp increase in the rate on upper-middle-class households with two incomes. They can reach these income levels after a long career, and only for a couple of years, but Democrats want more than 40% if you include the 1.45% Medicare payroll tax and the ObamaCare 3 surcharge. 8% on investment income. If you make more than $ 5 million,there will also be an income tax surcharge of three percentage points. This would bring the maximum tax rate to something like 46.4%. Add in the California or New York taxes and the government will take about 60%. Hilariously, the committee calculates that the surcharge will increase by $ 127 billion in revenue, as if the rich were stupid enough not to find tax havens. The political myth behind all of this is that no one who earns less than $ 400,000 a year will pay more. But the economic literature is clear that corporations don't pay taxes. They are simply the receptacles for the collection of taxes that are passed on to a combination of employees, consumers and shareholders.Much of the $ 900 billion will be paid in lower wage earnings for workers who are already paying a Biden tax due to rising inflation.

Share

by Paolo Cappelli

14 September 2021 Luigi Einaudi said that "the optimal tax is the one that obtains the best satisfaction of public needs".

Yes, but who pays?

Who will pay for the ecological transition, the costs of the pandemic, health, education?

We are once again talking about taxes, incomes, purchasing power.

In Europe and the United States.

And with different ideas

Dagbladet

Rematch.

"We have to change Norway and the world," says Labor leader Jonas Gahr Støre.

The Labor Party won the election after being in opposition for eight years, the longest post-war period.

The left front, made up of five different parties, is close to 100 of the 169 seats in Parliament

Now Jonas Gahr Støre, who can now start thinking about government negotiations. Store still refuses to answer if he takes the ruling Center Party. But in the Labor Party, the plan is clear and work is well underway to unite the three red-green parties. Today at 14 the meeting of the Central Committee of the party. As for the issues to be negotiated, the most inflamed are expected to be oil and gas policy, climate taxes. These are the cases in which Labor and the socialist left are furthest apart. As for the environmentalists, they conditioned their entry in the majority to the immediate end of oil exploration in the country, ultimatum rejected by Store

Dagsavisen

Now he must build a bridge

After the victory at the polls, these are the problems of Store

There is no time to cheer for the victory for the Labor leader. On climate and health, the negotiation to form the new government announces difficult. "Now Store has to demonstrate his skills as a bridge builder to unite a divided left," says Trigve Svensson, of Norwegian think tank, Tankesmien Agenda.

Le Parisien

Buying power.

The disturbing flare-up of prices at the pump

The liter of unleaded petrol now flirts with the symbolic threshold of two euros, it also passes it in some distributors in the Vendée.

Increases that impact on the budget of motorists and add to the sharp increase in gas and electricity bills

El Pais

The government lowers electricity and gas at the expense of the electricity companies

Government President Sanchez announced today that the Cabinet will approve a shock plan to lower electricity bills in the face of the upward spiral in electricity, which has set historical records almost every week since the beginning of the summer. Sánchez, in an interview with RTVE, outlined new electricity tax cuts and other measures to make electricity and gas cheaper. "There are energy companies that are making extraordinary profits right now. This does not seem acceptable to me," said Sánchez, who assures that he will take away tax advantages from energy companies, which can afford it, to cover their gas bills. With this decision, the Executive intends to honor the commitment made in an interview with EL PAÍS: "We are working, Sanchez said so that at the end of 2021 the Spaniards pay an amount similar to that of 2018 in their electricity bills ".

La Tribune

Exclusive interview with Patrick Pouyanné, head of Total Energies: "It is the oil money that finances the energy transition"

In May, Total changed its name, it became Total Energies, what does it mean?

The reasoning of Total's Board of Directors and CEO was simple: either our company, which is 100 years old - it was founded in 1924 - remains on the current oil and gas highway, important but declining markets. . And in this case, the business won't last very long. Or we decide to make a frank commitment to the energy that will enable decarbonisation, namely electricity. And so a huge field of opportunity in renewable energy opens up before us. We have therefore decided to add, in addition to oil and natural gas, five other energies: electricity, hydrogen, biomass and of course wind and solar. TotalEnergies will be the protagonist of the energy transition, with the aim of being among the 5 largest producers of renewable energy by 2030.

But Total for the French remains tied to oil, they did not want you among the sponsors of the Paris 2024 Olympics, at the Polytechnic you are disputed, how do you plan to change Total's image?

"We are giving ourselves the means and we will convince the French with the tests", replies Pouyanné, underlining the difficulties in Europe to find space to build wind and solar turbines. "It is up to public authorities and society to know what it wants"

Le Figaro

The pressure to increase wages

rises,

the return of growth, the shortage of labor and the first signs of inflation fuel the wage demands, which burst into the political debate

A few months after the presidential elections, the trade unions are talking about increases, and the government tries to keep them at bay. Entrepreneurs warn against any generalized measure that does not take into account the different conditions experienced by companies in different sectors. For now, the Government has decided not to touch the smic, the minimum wage, judging that it would be counterproductive for the

Edito

occupation

: the dams of demagogy

if it really wants to make its contribution to purchasing power, the government has excellent levers.

Starting with the reduction in the cost of labor: the gross wage of a worker is burdened by 30 to 40% of the burdens to be paid by the employer and lightened by 25% of social contributions.

It always comes back to the same problem: to compensate for any cuts in tax burdens, savings should be found in public spending.

And seven months before the elections, no one has the slightest idea.

Liberation

Leave or double, the wages of the

unrealistic

professors

By proposing to double the salaries of teachers, Anne Hidalgo drew the sarcasm of the minister Jean Michel Blanquer and the criticisms of Jean Luc Melanchon.

Yet if we look at the OECD average, the proposal is worth studying

As soon as her presidential candidacy has been declared, Anne Hidalgo is already causing a heated debate. "Demagoga", "populist" or more soberly "unrealistic": his proposal to double the salaries of teachers within five years makes his opponents scream, left and right. Hidalgo yesterday on France Inter reiterated that it is "unacceptable that our teachers are so poorly paid", defining education and health as "essential missions". At least it has the merit of putting teachers' salaries at the center of the campaign. The question is fundamental, because the French education system, considered one of the best in the world not so long ago,it is struggling in all grading rankings than in countries that have invested much more in teachers since the early 2000s.

Handelsblatt

Union plans tax cuts

Candidate Chancellor Armin Laschet promises higher tax cuts and wants to abolish the solidarity tax. With his immediate program, he is fulfilling a desire of the business community.

In light of the weak polls, Armin Laschet, the candidate for chancellor of the CDU / CSU, is looking to score points in the last sprint of the election campaign with new promises of tax cuts. In particular, the CDU / CSU proposes to increase the tax relief for employees to 1250 euros. The child allowance will also be increased and the commuter allowance "dynamized". "We want to lighten the burden on families with children and completely abolish the solidarity tax," said Hessian minister president Volker Bouffier in an interview with Handelsblatt. Some economists and the SPD have criticized the promises as inaccessible.

NYT

The House Democrats' plan to raise taxes on the rich leaves vast fortunes of the super rich intact because it focuses on incomes rather than wealth.

House Democrats on Monday unveiled a plan to pay for their expansive social policy and climate change package by raising taxes by more than $ 2 trillion, largely on wealthy individuals and profitable corporations. But the proposal, while substantial in scope, stopped well before the changes needed to dent the vast fortunes of tycoons like Jeff Bezos and Elon Musk, or to completely close the most egregious tax loopholes exploited by finance captains. Faced with a divided Congress, House Democrats have chosen to be more attentive to their party's moderate concerns than to its progressive ambitions. They focused on traditional ways of increasing revenue: by raising income tax rates rather than targeting wealth itself.

WPost

With Big Tax Boost, Democrats Aim to Face Huge 1% Gains

On Monday, Senior House Democrats unveiled legislation that would represent the most significant tax hike for the wealthy and some corporations in decades, reflecting commitment Biden to address a dramatic rise in inequality in the United States.

House Ways and Means Committee Chair Richard E. Neal (D-Mass.) Has proposed more than $ 2 trillion in new revenue that would overwhelmingly affect the richest 1% of Americans with a series of new taxes and tax changes which will affect their income, investments, businesses, wealth, pension funds and other assets.

Economists and tax experts say the White House-backed proposal represents the first major congressional effort to address the populist political fervor about the gap between America's ultra-rich and its middle class that has widened to unprecedented levels in America. almost a century. . Fears of an unduly weighted tax system for the rich only intensified during the pandemic. Since 2019 alone, according to Gabriel Zucman, an economist at the University of California at Berkeley, wealth controlled by the top 400 people in America has increased by $ 1.4 trillion. For Republicans, tax hikes will hurt middle-class families, drain investment and strain economic growth.

WSJ

Here's the tax plan to fund the

published

Biden agenda

: It's been in hiding longer than some Egyptian mummies, but Joe Biden - Nancy Pelosi - Bernie Sanders' expense account is about to be exposed. The Ways and Means Committee's tax hike project that leaked over the weekend and raises taxes by $ 2.2 trillion.

The more bizarre version is that the House's democratic project is less onerous than what President Biden proposed. As a percentage of GDP, the House proposal is still the largest tax hike since 1968.

If Americans are successful, Democrats want to tax their income more. The maximum individual tax rate will rise to 39.6% from 37%, as promised by Biden. But wait: the higher tax rate will take effect at just $ 400,000 for individuals and $ 450,000 for married couples.

This is a sharp increase in the rate on upper-middle-class households with two incomes. They can reach these income levels after a long career, and only for a couple of years, but Democrats want more than 40% if you include the 1.45% Medicare payroll tax and the ObamaCare 3 surcharge. 8% on investment income.

If you earn more than $ 5 million, there will also be a three percentage point income tax surcharge. This would bring the maximum tax rate to something like 46.4%. Add in the California or New York taxes and the government will take about 60%. Hilariously, the committee calculates that the surcharge will increase by $ 127 billion in revenue, as if the rich were stupid enough not to find tax havens.

The political myth behind all of this is that no one who earns less than $ 400,000 a year will pay more. But the economic literature is clear that corporations don't pay taxes. They are simply the receptacles for the collection of taxes that are passed on to a combination of employees, consumers and shareholders. Much of the $ 900 billion will be paid in lower wage earnings for workers who are already paying a Biden tax due to rising inflation.

Source: rainews

All news articles on 2021-09-14

News from the world: the international press review

You may like

Trends 24h

Latest