Survey 91% against tax increase
The current national budget amounts to a higher total than ever. The sources of tax revenue are lucrative, the social insurance fund is financially stable. There is no need for a tax increase, according to a paper presented by the Hamburg Institute of International Economics (HWWI) on behalf of the INSM, which was supported by a recent survey.
Financial transaction tax Expertise: Up to 5.5 % less retirement provisions
On Thursday, February 14, 2013, EU commissary Algirdas Semeta is going to present a proposal on the framework for a financial transaction tax in the EU. The tax is supposed to control speculation and, at the same time, provide the treasuries with additional billions. Is this plan going to work out? Probably not. At the very least, there is going to be collateral damage. According to a study for INSM, this tax would mainly affect private investors, to an extend of between 2.5 and 5.5 % of payable pensions.
Germany has to economize Cornerstones of the Federal Budget 2013
Next year the federal government will be able to meet the requirements of the basic law’s debt brake for the first time which requires a structural deficit of below 0.35 percent of GDP. In 2014 Germany could be able to give new debts a pass for the first time since 1970 and begin repaying the debt mountain.
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The initiative wants to renew the social market economy of Ludwig Erhard and adjust it to globalization, demographic change and the knowledge society. The INSM stands for a social system of freedom and responsibility.