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The reason being? My guess is governments are finding it hard to balance their budgets since many economies are performing short of what they predicted pre-2008
by lumberjack 11y ago
The reason being? My guess is governments are finding it hard to balance their budgets since many economies are performing short of what they predicted pre-2008.
- josefresco 11y agoFrom the article "The reason for the shift is the global, austerity-era push for countries to share more information on tax arrangements. "
- asift 11y agoWe live in an "austerity-era" where government budgets continually expand. Apparently a mere reduction in the rate of growth qualifies as austerity these days.
- drumdance 11y agoIt's more about spending relative to GDP. And when you look at income relative to GPD, the US is only just now returning to it's historical average in eighties and nineties. http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=205 http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Doc...