Virtually all economists agree that the following will promote economic growth: • Replacing the income tax with a consumption tax • Replacing a graduated rate system with a flat marginal tax rate system • Lower marginal rates and a broader tax base The Fair Tax Act (a national retail sales tax)...
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The dollar generally consolidated on Wednesday, but reversed early losses against the Swiss franc in part because the Russia-Georgia war is not fanning out. Commodities are looking to bounce, while the US equity indices somehow...
WELLINGTON, Aug 21 (Reuters) - New Zealand probably fell into recession in the second quarter, a survey showed on Thursday, but a few hints emerged that the decline may be levelling out as the the central bank looks to keep...
Expectation's for today's UK retail sales, due out at 08:30 GMT, are rather gloomy, with the sharp downtrend set to continue. While the yearly prior figure stands at 2.2%, down from the preceding release of 7.9%, median...
Written by Terri Belkas, Currency Strategist The Australian Dollar, New Zealand Dollar, and Canadian Dollar all ended the day very little changed against the greenback, as commodity prices barely budged. However, the Canadian...