বৃহস্পতিবার, ২৭ সেপ্টেম্বর, ২০১২

Press Review ? Income tax hike in public, private sectors and ...

P?blico
?European Commission wants fast update on TSU replacement?, writes P?blico, after the government announced it would be replacing the controversial TSU measure, which aimed to decrease company-paid social security contributions while increasing those of employees to help lower the country?s deficit. The daily also adds that the coalition government is unsure how to foster economic growth, as the latest figures regarding fiscal revenues reveal yet another drop in VAT, once again affecting the budgetary execution.

Correio da Manh?
?New tax takes away bonus from private sector?, reports Correio da Manh?, as the government plans to replace the controversial TSU measure by hiking taxes on income, capital gains and property, with private sector workers losing one monthly bonus like public servants. The measure is dividing opinions among bosses and trade unions.

Di?rio de Not?cias
?CDS refuses permanent tax hike?, writes?Di?rio de Not?cias, revealing that after the recent political crisis the conservatives of junior coalition partner CDS-PP are cautious about austerity measures and would rather introduce a temporary surtax on income. The newspaper also reports that budgetary execution data reveal that the collection of income taxes increased 13.7% with regard to 2011, but there was an overall drop in fiscal revenues.

Jornal de Not?cias
?Over 2 million will see salaries drop in January?, reports?Jornal de Not?cias, about the government?s new attempt to raise revenues by hiking income taxes to meet the deficit targets for 2013. The daily also reveals the figures behind the overall drop in fiscal revenues, as car taxes dropped 44.4%, taxes on tobacco fell 10.8%, and corporate taxes slumped 22.9%, as unemployment benefits grew 22% compared to last year.

i
?The great step backwards?, writes i, about the government?s U-turn on its controversial measure that sought to change social security contributions, as figures reveal that Portugal?s public accounts slumped ever further despite the government?s austerity drive, and that Minister of the Economy ?lvaro Santos Pereira wants to lower severance pay even further.

Di?rio Econ?mico
?Government launches new tax on financial transactions?, reports financial daily Di?rio Econ?mico, as the cabinet announced it will return part of the Christmas and holiday bonuses to public servants and pensioners while compensating this with the creation of a new tax on financial transactions, among other fiscal measures. The newspaper also reports that Portugal?s debt was revised up to 124% of GDP for 2013.

Jornal de Neg?cios
?Income tax hike in public, private sectors and pensions?, reveals financial newspaper Jornal de Neg?cios, as the government seeks to replace the controversial changes to social security contributions by hiking taxes on income, capital gains and property, as recent data show there is a ?2bn slippage in this year?s budgetary execution, with the hole in social security, VAT and corporate tax growing larger.

A Bola
?Lion uprising?, writes A Bola, as Sporting Lisbon defeated Gil Vicente 2-1 and managed to overcome its losing streak in this year?s Portuguese League.

Record
?Lions gain new lease on life?, reports Record, as Sporting Lisbon finally wins a match in the Portuguese League, defeating Gil Vicente 2-1.

O Jogo
?Shake-up?, writes O Jogo, after Sporting managed its first victory this year, in its match against Gil Vicente.

Source: http://www.portugaldailyview.com/whats-new/press-review/press-review-income-tax-hike-in-public-private-sectors-and-pensions

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