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Government Tax Sales
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(AFX UK Focus) 2008-11-30 15:02 UK's John Lewis weekly dept stores sales fall 13 pct (Interactive Investor)
LONDON, Nov 30 (Reuters) - John Lewis Partnership, the employee-owned group seen as a barometer of British retail spending, said on Sunday its department store sales fell 13 percent in the week to Nov. 29, from a year earlier. Trade was impacted at the start of the week by the announcement of an upcoming cut to value added tax (VAT) -- to 15 percent from 17.5 percent -- by the government and as ... Japan Bond Sales to Exceed $314 Billion Next Year, Nikkei Says (Bloomberg)
Nov. 30 (Bloomberg) -- Japanese government bond sales will probably exceed 30 trillion yen ($314 billion) for a second straight year in the 12 months starting April 2009 as corporate tax revenue declines, Nikkei English News reported. Ottawa says seeks to avoid U.S. stimulus mistakes (Reuters via Yahoo! News)
Canada's minority Conservative government will focus on long-term ways of stimulating the economy rather than repeating the U.S. mistake of sending out one-time tax rebate checks, Finance Minister Jim Flaherty said on Sunday. Sales tax hike not solving state's woes (The Capital)
About $1.5 billion worth of hard choices were made and many government leaders were confident the deficit demons had been vanquished. Letters: Tax credits and labor savings (The Record)
Gregory Rummo suggests that the government allow 5 percent credits to those who purchase Big Three cars ("A proposal to spur sales," Other Views, Nov. 25). A nice thought, but it erroneously assumes that price is the reason sales of Big Three cars are in the dumps. Egypt plans tax, tariff cuts to stimulate economy (The Forex Market)
CAIRO, Dec 1 (Reuters) - The Egyptian government plans tax exemptions and tariff reductions worth 2.2 billion Egyptian pounds ($398.5 million) as part of a package to stimulate the economy, state-run newspapers reported on Monday. State tax revenues ahead in county (Eastern Arizona Courier)
Local government officials may not know for a month or two how the economic downturn will impact state tax revenues. Letter: Tax hike would drown economy (Appeal-Democrat)
Gov. Schwarzenegger’s sales tax increase proposal, aimed at closing the $10 billion deficit, would be about as useful as telling a person to kick his legs while stuck in quicksand (Nov. 19 Our View, 'No more ‘no new taxes’?) Merkel to Defy Calls for German Tax Cuts at CDU Party Congress (Bloomberg)
Dec. 1 (Bloomberg) -- German Chancellor Angela Merkel will resist calls for immediate tax cuts when she addresses a congress of her Christian Democratic Union today, as the worst recession in 12 years sparks demands to put more money in consumers’ pockets. Government coffers feel drop in auto sales (Los Angeles Times)
Purchases are a huge part of sales taxes collected by city, county and state governments. When Heritage Lincoln Mercury closed in August, the city of Tustin felt the pain.
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