Final phase of tax shift will see net income rise from January

Final phase of tax shift will see net income rise from January

The third and final phase of the Federal Government’s tax shift comes into force from the start of the new year. The measures mean that we will see our net income rise by an average of 36 euro/month. The 40% tax band is being expanded upwards which means that a greater portion of income will be taxed within this band and a far smaller portion of income will be taxed in 45% tax band. Those on lower incomes will benefit the most. For example, someone with a gross income of…

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Huge amount of stock and large discounts expected for January sales from Thursday the 3rd of January

Huge amount of stock and large discounts expected for January sales from Thursday the 3rd of January

The two major trends for this year’s winter sales will be a huge amount of stock and large discounts right from the word go, according to various trade associations and federations. The Neutral Independent’s Union (NIU) says that the warm weather this autumn means that the size of the clothes stock available will increase by 7% compared to last year. The sales will start on Thursday the 3rd of January and end on the 31st of January. The amount of stock available will be larger than normal for several reasons:…

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What’s next for 2019 after ECB measures to save the Euro?

What’s next for 2019 after ECB measures to save the Euro?

European Central Bank (ECB) President Draghi confirmed on 13 December that its quantitative easing (QE) extended asset purchase programme (APP) would come to an end after almost 4 years. The “move of last resort” was taken in January 2015 and followed likewise decisions by the Federal Reserve (2008), Bank of England (2009) and Bank of Japan (2013). Circa €2.5 trillion of government bonds, public sector securities; corporate sector bonds; asset-backed securities and covered bonds were bought. It included monthly purchases of €60 billion in March 2015-March 2016; €80 billion in…

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