The road to ruin?

Article Abstract:

The European Commission is attempting to harmonize tax rates in the European Union and has put forth a 20% withholding tax on nonresidents' savings income. Bankers believe this directive will discourage saving and force the Eurobond market into less taxing areas. There are some who believe it is needed but that the directive was written too hastily.

European Union

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IMF hunts big cats in Swiss jungle

Article Abstract:

The International Monetary Fund is requesting Switzerland to change its tax system that lacks unity due to various tax rules used by local and central government. Implementation of a simpler and more efficient tax system can boost the country's economic performance. Proposed changes to the Swiss current tax system are discussed.

Switzerland, Economic aspects

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March of time calls for a new set of tunes

Article Abstract:

The French government is planning to reform its pension system in 1999. The new French pension system will have a public reserve fund to supplement the state pension system. The pension-fund reform will also introduce private pension funds. The phases of the pension system reform are discussed.

France, Pension Fund Administration, Planning, Social policy, Pension funds, Financial management

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