Closing the VAT Gap, especially the VAT Actionable Policy Gap, would provide EU policymakers the opportunity to shift towards more efficient, stable taxes.
The European Commission proposed on 8 December a series of measures to modernise and make the EU s Value-Added Tax (VAT) system work better for businesses and more resilient to fraud by embracing and promoting digitalisation.
two-day policy meeting and bucking the trend that we ve been seeing all over the world of central banks hiking interest rates. they made the decision to maintain ultra low interest rates there in japan and it s because of that policy gap, that policy difference between the bank of japan and the u.s. federal reserve. we re seeing that push the yen, japanese currency, to a low not seen in 27 years. back to you, christina. a real mixed picture. thanks very much. gasoline is still very expensive, but not nearly what it was 100 days ago when it topped $5 a gallon which is a record. since then the price at the pump has dropped every day for 98 straight days but on wednesday that streak was broken when the average ticked up 1 penny and $3.68. as the holiday shopping season draws closer, many stores are preparing to hire more workers as they usually do. walmart, the largest retailer in the u.s., announced it would
when the fed hiked interest rates as expected by 3/4 of a percentage point for the third time this year and also signaled more rate hikes to come. all part of a plan to fight inflation there in the united states. here in asia all eyes were also on another central bank, the bank of japan. despite this global trend, this rush to hike interest rates, the bank of japan is maintaining ultra low rates and that policy gap that we have between the boj and the fed is actually pushed the yen to a 24-year low. the japanese currency very weak at the moment. back to you. kristie lu stout, thank you so much for that. there s so much going on in regards to your money. home sales dropping again in august for the seventh month in a row. sales of existing homes plummeted and fell 0.4% from july. this comes as high prices are pushing prospective buyers out of the market but also as the
ultra low interest rates because of that policy gap between the doj and the u.s. federal reserve that we are seeing the japanese currency, the young, be pushed down to its lowest level in 24 years. back to you. kristi luce, joining us from hong kong, many thanks. ryan patel joins me now, he is a senior fellow at the school of management at claremont graduate university. great to have you here in studio. how about that? great joining your. let s start with this. so, in an effort to bring down high inflation, the fed has hiked up interest rates, by three quarters of a percentage point. talk to us about of course said there will be more to come. what sort of impact will that likely has, particularly on jobs? if you think about what inflation does, right? prices keep rising, it is clear that the fed thinks it has not peaked. so, what happens is that jobs