WTA Blog

International Property Rights Newsletter – December 4 2015, N. 39

Section: Taxpayer Leaders Forum / WTA Blog
4 December 2015

International Property Rights Newsletter – December 4 2015, N. 39

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NEWS

2015 International Property Rights Index officially launched

The Property Rights Alliance has officially launched the 2015 International Property Rights Index in Malaysia on November 16th.  Click here for the executive summary or visit the website here: http://internationalpropertyrightsindex.org/

9th Annual IP Attaché Roundtable on December 15th, 2015

The U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC) will host the U.S. Patent and Trademark Office (USPTO) IP Attachés from around the world to discuss the protection and enforcement of IP rights outside of the United States. For more information & RSVP please click here

North America

President Obama Signs Bill Recognizing Asteroid Resource Property Rights into Law

On Thursday, President Obama signed the U.S. Commercial Space Launch Competitiveness Act into law, which grants companies the rights to whatever they manage to pluck out of these extraterrestrial bodies. The new Space Act of 2015 requires approval from the House of Representatives before moving on to President Obama. Meteorites – chunks that survive and fall to earth after asteroids disintegrate in the atmosphere – yield significant amounts of precious metals like platinum, rhodium, iridium, rhenium, osmium, ruthenium, palladium, germanium and gold. Continue Reading

Copyright Principles and Priorities to Foster a Creative Digital Marketplace

Over the course of the last two years, Congress has engaged in a comprehensive review of the Copyright Act. This is the first such review in nearly two generations, and it lays the groundwork for further inquiries and proposals regarding how the law might be amended and how the institution responsible for its administration—the U.S. Copyright Office— might be modernized and restructured to better support a thriving digital marketplace of unprecedented creativity and innovation. Continue Reading

Digital Ad Industry Will Gain $8.2 Billion By Eliminating Fraud And Flaws In Internet Supply Chain, IAB & EY Study Shows

Fraudulent impressions, infringed content, and malvertising cost the U.S. digital marketing, advertising, and media industry $8.2 billion annually. That money can be recouped if companies fix badly designed business processes and repair obvious flaws in the digital advertising supply chain, a new study by the Interactive Advertising Bureau (IAB) and EY shows. Continue Reading

 

YouTube Seeks Streaming Rights to TV Shows, Movies

YouTube is seeking streaming rights to TV series and movies to bolster its new subscription service, intensifying its rivalry with Netflix Inc., Amazon.com Inc. and Hulu in the competitive market for online video. Continue Reading

 

NSA bulk phone surveillance program shutting down Sunday

The National Security Agency will no longer be allowed to collect phone metadata in bulk beginning Sunday, according to the Office of the Director of National Intelligence. The controversial surveillance program was shut down under the USA Freedom Act, signed by President Obama in early June, and has been in a six-month transition period that ends Nov. 29. Continue Reading

 

Kobe Bryant’s company files for trademarks linked to his final season

Kobe Bryant has taken an even bigger step into the business world on the heels of his officially announced retirement. Bryant’s company, Kobe Inc., which was incorporated in California in 2013, has filed for various trademarks that are linked to his own marketing campaign for his final season. Continue Reading

 

Game Companies and Intellectual Property Rights

We have been asked many times what game companies can do to protect their games, assets and IP. This is the first of a series of blog posts aiming to answer that question. We will start from the most fundamental matters. Legal affairs are often seen as complicated and time consuming. This conception is understandable, and even relatively correct in some cases, but for game companies the most essential issues are actually quite straight forward. The most important legal matter is the management of intellectual property rights (IPR). Continue Reading

 

Why Silicon Valley is heading right

A couple of years ago New York Magazine did some work on the political orientation of Silicon Valley in which they reported the big news that some of the giants of the tech world were – shock! horror! – moving to the right, albeit very tentatively. The irony is that this should be newsworthy since the evidence of a rightward trend was so very paltry. Continue Reading

 

Library of Congress, Copyright Office butt heads over IT vision

The Library of Congress took a critical step in hiring a chief information officer in September, a senior Government Accountability Office official told lawmakers. But, he said, it’s still unclear whether Library of Congress’ newly minted tech exec has the power to sort out the digital woes plaguing the agency. “It remains to be seen whether this position will have clear responsibility and adequate authority to drive needed improvements,” said Joel Willemssen, GAO’s managing director for information technology. Continue Reading

 

COPYRIGHT OFFICE NEEDS MORE TECH AND DATA EXPERTS

To keep pace with the demands of the digital age, the U.S. Copyright Office needs fewer file clerks and more techies, Maria Pallante, the office’s director, told lawmakers on Wednesday. “It used to be catalogers, now it needs to be technology and data [experts],” Pallante described the agency’s hiring needs. “I don’t know how we can administer the law without it.” Continue Reading

 

Europe

Trademark reform in Italy: a shift in focus

In what is a significant shift, impending EU trademark reforms in Italy will allow parties to challenge granted trademarks on both relative and absolute grounds. Luigi Manna of Martini Manna Avvocati reports. Continue Reading

 

Building Value: The Role of Trademarks for Economic Development

Investment in brands drives the allocation of resources in our economy. It increases competition, pushes firms to innovate, and decreases asymmetries in the market leading to a higher level of economic development Investment in brands and intangibles has seen an increase in the last fifteen years, especially in advanced economies such as the EU and the US. The US is a pioneer when we talk about investment in brands, whereas the EU is still investing a higher share of GDP in tangible assets. Continue Reading

 

Copyright reform in Europe: getting EU copyright fit for the digital age

In May 2015, the European Commission put copyright reform as key part of the Digital Single Market strategy. techUK’s Laura Weidinger argues why it is essential that the forthcoming reforms, the first major update since 2001, gets the detail right to create a functioning copyright framework fit for the digital age. Continue Reading

 

New Administrative Rules for Well-Known Trademarks in Russia

On October 13, 2015, new administrative rules on declaring trademarks well known entered into force in Russia. The main change concerns the prescribed time limit for the Rospatent to determine whether a trademark is well known. Continue Reading

Asia

How does the opening of the ASEAN community relate to Bangkokians? : Suggestions for adaptation (3)

Considering the effects and opportunities that will be occurring as the country enters into the ASEAN Community in the year 2015 that I have explained in the previous article, Bangkokians need to prepare and accept the change. Important areas where Bangkokians need to be prepared for are as follows: Continue Reading

 

Mickey Mouse operations: China fines five fake ‘Disney hotels’ in Shanghai ahead of giant theme park opening

Shanghai has fined a hotel chain for infringing on Disney’s trademarks at five of its branches as part of an effort to protect the US entertainment giant’s brand in the run-up to the opening of its theme park next year. The five hotels owned by the Shenzhen Vienna Hotels Group in Pudong district, where the theme park is due to open in the first half of next year, were found to have used the Chinese characters for Disney on their signboards, websites and electronic displays in their lobbies without authorisation, the Shanghai regulators said. Continue Reading

 

China Vows To Protect US Firms

US-China Joint Commission on Commerce and Trade (JCCT) conference concluded with the commitment from both countries to protect the companies’ intellectual property (IP), minimize the trade theft, and provide them better legal protection. US Commerce Secretary Penny Pritzker called the US-China JCCT “Meaningful”. Breakthroughs were expected at the meeting held in in the southern Chinese city of Guangzhou. The three-day conference also addressed the issues like standards, IP, and geographical indications to prevent unauthorized content, sports broadcasting, and many more. Continue Reading

 

India names new head of IP office

Sh O P Gupta has taken over as controller general of patents, designs and trademarks in India. The former chairman and managing director of Maharashtra State Electricity Distribution Co was installed as the head of the Indian Intellectual Property Office on 16 November. Continue Reading

 

Qualcomm Inks License Deal With China’s Xiaomi

Qualcomm Inc. said it reached a patent-licensing deal with Xiaomi Corp., one of China’s largest smartphone makers, a sign of progress in easing the chip maker’s struggles in the country. The San Diego-based company’s stock jumped 5.6% to $52.03 in afternoon trading on Wednesday in response to the announcement. Continue Reading

 

New national Intellectual Property Rights policy likely by December end: Amitabh Kant

The government is likely to come out with a new national Intellectual Property Rights (IPR) policy by the month-end, DIPP Secretary Amitabh Kant said on Thursday. The task force appointed by the government on the matter has already submitted its report, Kant said while speaking at a conference organised by Observer Research Foundation here. Continue Reading

 

Middle East

Israel freezes the EU out of peace talks with the Palestinians

Israel has frozen the EU out of the Israeli-Palestinian peace process in retaliation for Europe’s decision to label products made in West Bank settlements.Benjamin Netanyahu, Israel’s prime minister, reacted furiously when the labelling decision was announced two weeks ago and on Sunday said he was suspending diplomatic contact with the EU on peace issues. Continue Reading

 

Africa

At WIPO, Former South Africa Judge Calls For Balance In IP Rights Enforcement

Alongside this week’s meeting of the World Intellectual Property Organization committee on enforcement, an event featured a former South African Supreme Court judge presenting his views on IP enforcement. There is a need to go for the “big fish,” he said, and to bring balance in sanctions and enforcement procedures. He also described courts as finding that exceptions to copyright are a public right. Continue Reading

 

Nigerian Journalists Dig Deep Into Land and Property Rights

Reporters from Nigeria’s leading media outlets were among the 55 professional journalists and 48 students who attended a unique journalism workshop on “Covering Land and Property Rights” held in Lagos on November 24 and 25. Continue Reading

 

Ibero-America

US and Brazil ink PPH to solve patent delay

The US and Brazil have agreed to form a Patent Prosecution Highway (PPH) aimed at speeding up patent applications in both jurisdictions. Continue Reading

 

Proposed law may remove indigenous land rights in Brazil

Maria Valdenice Nukini believes it’s her duty to protect her ancestral territory in northern Brazil and raise awareness of the role indigenous communities play in protecting nature. That’s why she recently traveled 4,700 kilometers from her isolated reserve in the northern state of Acre to Rio de Janeiro to protest oil and gas exploration that may take place near her community, located on the border with Peru. Continue Reading

 

Australia

Gearing and Protecting Intellectual Property for the World Market

Trade has been a big focus for the Australian Government in recent months. Newly minted bi-lateral and multi-lateral international trade agreements are in place, which are sure to open up greater export and investment opportunities for Australian companies. However, if you want to participate, can you be sure your intellectual property is protected? It is important that Australian suppliers fully protect their IP rights in those overseas markets – in relation to trademarks, patents and designs, and copyright. Continue Reading

 

Free Trade and Property Rights

USTR review notes gains in PHL compliance with international labor rights

The Office of the US Trade Representative (USTR) has noted gains on the Philippines’s adherence to international labor standards, paving the way for the country to fully enjoy the benefits under the preferential trade scheme. A USTR news statement release on Friday said that the conclusion of its review is “…based on progress by the Philippine government in addressing worker rights issues in that country, including through reforms of labor laws and regulations.” Continue Reading

 

THE PHILIPPINES and the European Free Trade Association (Efta) have substantially moved forward negotiations on a free trade agreement following the fourth round of talks last week. “The meetings were held in a positive and efficient atmosphere and substantial progress was achieved in all areas,” the Efta said. According to Efta, the working groups convened on November 24-27 in Geneva, Switzerland, to discuss all areas under negotiation, including trade in goods and services, investment, intellectual property rights Continue Reading

 

Plain Packaging

Plain packaging celebrates its third birthday as France green-lights brand-free tobacco packs

Plain packaging is officially three years old today, and last week France took a significant step towards becoming the latest country to introduce legislation for the presentation of tobacco products. However, as the spread of plain packaging continues, pro-IP voices are getting lost in the mix, with the narrative framed as boiling down to ‘pro-health interests v big tobacco’. Continue Reading

 

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International Taxpayer Leaders Forum Newsletter, N.37

Section: WTA Blog
6 November 2015

 

International Taxpayer Leaders Forum Newsletter, N.37 – November 6, 2015

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@taxpayerforum

 

News

Two Videos about the Interchange Fees by Australian Taxpayers’ Alliance

The Australian Taxpayers’ Alliance is a non-profit, free-market advocacy organization very similar to Americans for Tax Reform, and is a member of the International Alliance for Electronic Payments.  They have produced the following two videos in response to the Australian Central Bank’s proposal to further regulate Interchange Rates. Here is the YouTube version of the shorter of the two videos:  Video One & Video Two

North America

What Places Benefit Most From the Earned Income Tax Credit?

The Earned Income Tax Credit is a policy designed to help working Americans with low incomes. For a more general overview of what it does, I’ll refer you to this piece we put together last year, which explains it in more detail. The EITC is claimed by individual tax filers, of course, but if you map the claims on a more regional basis, you can see how the EITC is also—aggregated over millions of filings—a program that delivers an influx of cash to distressed areas in the United States. Continue Reading

 

Playing Politics With Internet Taxes

Lost in the news about how Congress avoided a government shutdown until December 11 by passing a short-tem funding extension was that the Internet Tax Freedom Act (ITFA) was extended for the same duration, continuing the long-standing moratorium on Internet taxes. Otherwise the moratorium would have ended on September 30, and consumers would have felt a hit in the pocketbook almost immediately. ITFA was first signed into law in 1998, and it has been extended repeatedly. Originally intended to be permanent but negotiated to be temporary, the Act bans federal, state and local governments from imposing discriminatory taxes on online sales and Internet access. Continue Reading

 

Reforms Cuba Needs

Fidel Castro took over the power in 1959. Shortly afterwards, he took one measure after another to dismantle all independent institutions and eliminate all individual liberties. As a consequence, all power was concentrated on him and him alone. He did not only consider that he has the right to decide on every aspect of the life of the society and any individual, but also that he has the right to decide how the society has to function for the next generations. By 2002, he changed the Constitution and declared that the laws imposed by himself cannot be invalidated by any means. Continue Reading

 

Trudeau tax changes a mixed bag

Canadians have chosen a change in government for the first time in a decade.  Justin Trudeau’s Liberals sailed to a majority government Monday on a message of change. So what will this “change” mean for Canadians’ pocketbooks? A look at the Liberal election platform tells us it’s a mixed bag. Continue reading

 

SLATE POLITICS: COMING SOON TO A CITY HALL NEAR YOU

Video killed the radio star. But it’s Peter Fassbender who is about to kill the independent civic politician. Last week, the BC Minister of Community, Sport and Cultural Development rolled out legislation that would limit the amount of money municipal candidates could spend on their campaigns. But this new law will have an unfortunate, unintended consequence – it will prompt civic politicians across BC to run together on slates in order to pool spending limits and allow them to share expenses. Why send out one advertising piece, when you can be on six by running a slate? Continue reading

 

CTF Urges Minister Bains To Refuse Further Handouts for Bombardier

The Canadian Taxpayers Federation (CTF) is calling on new Innovation, Science and Economic Development Minister Navdeep Bains to reject requests from the government of Quebec and Bombardier to pledge additional federal tax dollars towards the hapless aerospace company. “We congratulate Minister Bains on his new appointment, and welcome the new Trudeau government’s pledge of ‘real change’,” said CTF Federal Director Aaron Wudrick. “If the minister is looking for a concrete way to demonstrate real change right out of the gate, he has an excellent opportunity to do so by refusing Bombardier’s pleas for yet another bailout.” Continue Reading

 

 

Europe

POLITICO Brussels Playbook, presented by Google: Single market day — Migration ultimatums — Talking to Turkey

COMMISSION WILL LAUNCH A NEW INTERNAL MARKET STRATEGY TODAY: The need to complete Europe’s single market is perhaps the biggest thing a strong majority of European leaders and citizens still agree on. President Juncker and his team (led by Vice President Katainen and Commissioner Bieńkowska) launch this strategy at noon CET to fill in the gaps. It will be a series of targeted actions rather than a big bang approach. Expect: Continue Reading

Destabilization of Polish Public Finance Instead of Reforms

In the end of September 2015 Civil Development Forum (FOR) organized press conference to inform about the 5th anniversary of the public debt clock located in the city center of Warsaw. In Poland, public expenditures have significantly exceeded revenues for many years. This, in turn, led to higher public debt. At the same time, none of the parties in power has conducted a comprehensive reform of the public finance in the last 10 years. Meanwhile, the pre-election campaign is dominated by costly promises instead of reforms necessary to lower the deficit and public debt. Continue Reading

Tragic Story of Slovakian Declining Competitiveness

In the most recent ranking of the World Economic forum, which compares the competitiveness of 140 countries around the world, Slovakia ranked 67th. Since we ranked 8 places higher the year before, the media presented this as positive news. If we, however, look at the long-term evolution of the Slovak economy’s competitiveness not only in this, but in other rankings, we realize that the picture we are looking at is drastically different. What becomes apparent is a tragic story of a dramatic decline in our competitiveness. Continue Reading

Populism Behind Land Ownership Regulation in Bulgaria

A lack of reasoned argumentation when legislating is not uncommon practice of the Bulgarian Parliament. According to our expert assessments, at least 70% of all submitted for consideration drafts of normative acts are with no justification and assessment of expected costs and benefits. This leads to wrong policies, costly policy mistakes, burdened businesses, unpredictable business environment and opportunities for lobbyist to act in favour of specific groups. Continue Reading

 

Tax and IP: follow the money

The release of the final BEPS reports may prompt a detailed analysis of a corporation’s global tax structure, including the location of IP ownership and profit-generating activities, says Linda Pfatteicher of Squire Patton Boggs. In the wake of the October 5, 2015 release of the final package of “Base Erosion and Profit Shifting (BEPS)” reports from the OECD, as well as the European Commission’s decision on October 21 accusing Fiat and Starbucks of violating EU state aid rules, multinational corporations are looking at their intangible property ownership globally and assessing what, if any, changes need to be made to their global transfer pricing structures. Continue Reading

 

Commission seeks to remove EU “digital borders” in e-commerce sector inquiry

On 6 May 2015, the European Commission launched an inquiry into the e-commerce sector, addressing concerns that commercial arrangements between private companies are unjustifiably restricting cross-border online trading. Although the Commission is looking at a wide range of arrangements, the inquiry centres on “geo-blocking” and other measures that the Commission considers prevent consumers from freely choosing an online “e-tailer” or content provider. The first set of information requests has already been sent to a vast number of companies, such as wholesalers, suppliers, online retailers and online content service providers. The Commission has set out to publish a preliminary report for consultation in 2016 and a final report in the beginning of 2017. Continue Reading

 

Greece: Bailout reforms go to parliament on Thursday

A bill to enact a number of the reforms required by the Greek bailout deal will go to parliament for approval on Thursday. The bill includes some, but not all measures which Greece’s European creditors require if the next tranche of next €2 billion ($2.2 billion)  tranche of its three-year, €86 billion bailout loans. One such measure is the reduction of the number of installments Greek citizens can have in repaying money owed in taxes or social security. Currently, they can enjoy 100 installments, but the bill would limit that number in certain cases. Continue reading

 

No way, Norway!

The Economist discussed recently the necessary ‘devolution’ of the Scandinavian model in Norway, following similar trends in Sweden and Denmark. The article makes several good points about the effects of bureaucratization and high-tax welfare on entrepreneurship and corporate culture in a country where the government owns 40% of the stock market and employs 33% of the workforce (almost double the percentage in OECD countries). Continue Reading

 

 

Asia

Asean united in fighting IS

During Malaysia’s tenure in chairing the Asean Defence Ministers’ Meeting Plus (ADMM Plus) here this year, it has gained cooperation and unanimous agreement of all 10 Asean members to jointly declare their stand against the Islamic State (IS) threat. Defence Minister Datuk Seri Hishammuddin Hussein said he also saw commitments by the expert working groups on cooperation of the six priority areas, among others was supporting regional stability and the fight against terrorism. “ADMM have shown a united front to the world and work very hard to endure that capable to address our ever changing security threats “Security threats today are no longer one nation affairs, we can never be completely insulated from problems beyond our borders,” he said. Continue Reading

 

How Beijing and the West Work Together to Manipulate the Global Currency War

From reading the commentaries you might have imagined that the process of a currency winning international reserve status depends on getting the IMF seal of approval. At least that seems to be the story with China. So, strange to tell, the great international monies of the past evolved either before the IMF was created or without its help. Think of the Deutsche mark and Swiss franc — the two upstarts of the 1970s and 1980s — or briefly the Japanese yen when it enjoyed great popularity. Their emergence was due to the path of monetary stability chosen by their issuing authorities together with complete freedom from restrictions. So why is the world of currency diplomacy now playing along with the nonsense of the IMF examining whether the Chinese yuan has met the criterion to become a reserve currency? Continue Reading

Philippines still needs to cut costs in international trade

The most hard working, most efficient persons will not be able to produce all the goods and services that they need for themselves and their families. But there are always other people willing to produce these things or render these services in exchange for money, useful goods, and services. On the macro level, no country or economy can prosper quickly without trade. And that includes countries that incur frequent trade deficits (in which their imports exceed their exports). Imported machines, vehicles, and computers become inputs for several activities used for the production of goods and services in the domestic economy. Continue Reading

 

ASEAN set to become next global economic powerhouse

Established to promote collaboration, peace and stability among its members, The Association of South East Asian Nations (ASEAN) has been in existence since 1967. However, this December marks a significant step in its economic development with the creation of the ASEAN Economic Community (AEC). The advent of the AEC brings not only a master plan for regional economic integration but the likely realisation of ASEAN’s exceptional potential both as a low-cost manufacturing hub and an importer of consumer goods. Continue Reading

Ibero America

Elections in Argentina: What’s Next?

What went wrong? This is what the members of the Peronist leadership must be asking themselves after the first round of the presidential elections, held on Sunday October 25th. Just two months ago they were repeating the mantra that their candidate, Daniel Scioli, “had already won.” They were convinced that their candidate would almost certainly avoid having to compete in the second round or at least get between 8 and 10 % more votes than his closer contestant. The meager 2.5 % difference Mr. Scioli actually got over Mauricio Macri, current mayor of Buenos Aires and main opposition candidate, came as a shock for all the political landscape. Now the government has to face a second round starting from a very weak position. Continue Reading

 

Squandering economic freedom: Nations that forsake free markets also endanger civil and personal liberties

There was good news for Argentina last week. It was expected that Daniel Scioli, the Peronist candidate and political heir of Cristina Fernandez de Kirchner, would win the presidential election. Much to most people’s surprise, Maurico Macri, the more free-market-oriented mayor of Buenos Aires, won almost as many votes as Mr. Scioli, forcing a runoff, which Mr. Macri has a good chance to win. The Peronists (named after former dictator Juan Peron) have had political control much of the last 70 years, and it has been a disaster for the country. Continue Reading

 

Reflections on Venezuela’s “Economic Miracle”

Back in 2013, Salon took a quick break from criticizing a caricature of libertarianism to let David Sirota write an embarrassing article praising socialism in what turns out to be a fantastic case study in both the dangers of socialist economics and of course, speaking too soon. The article was titled “Hugo Chavez’s Economic Miracle” and it was certainly not the only one of its kind to come out at the time. It may seem like twenty-twenty hindsight to criticize such foolishness, but it might be instructive as well. However, looking at Venezuela now as compared to the country Sirota saw in 2013 and thought provided an economic alternative to American capitalism (a truly free market was never discussed) serves as a good example of what Nicolás Cachanosky calls “the bait-and-switch behind economic populism.” Continue Reading

 

In Brazil, Free-Market Ideas Rise as the Economy Falls

For those of us not in Brazil, it is hard to interpret the commentary on Brazil’s economy right now. Brazil’s debt was recently reduced to junk status, and we can see that Brazil’s economy is not doing well. But how severe is the crisis? Antony Mueller: Part of the explanation is that for a large part of the population and for the government itself, the crisis came as a shock. At first, the Brazilian government ignored the coming of the crisis and when it arrived, the government ignored its existence. Imagine Brazil like a family with a lot of inherited wealth that spends as if there were no tomorrow. Continue Reading

 

Australasia

Tax reform: drive out government waste before raising taxes

Few things excite politicians more than spending money and cutting ribbons. Few things annoy voters more than tax hikes, especially if the extra tax is supporting government spending addictions. Across the world, governments have resolved this dilemma by accumulating debts, passing the buck to future generations. Australian state governments are on to a better trick — convince the federal government to raise taxes, and then get hold of the money. Continue Reading

 

Free Trade

The Trans-Pacific Partnership: Leveling the playing field for American workers & American businesses

The Trans-Pacific Partnership (TPP) writes the rules for global trade—rules that will help increase Made-in-America exports, grow the American economy, support well-paying American jobs, and strengthen the American middle class. TPP will make it easier for American entrepreneurs, farmers, and small business owners to sell Made-In-America products abroad by eliminating more than 18,000 taxes & other trade barriers on American products across the 11 other countries in the TPP—barriers that put American products at an unfair disadvantage today. Continue Reading

Find the full text here: https://ustr.gov/trade-agreements/free-trade-agreements/trans-pacific-partnership/tpp-full-text

New Zealand, EU To Launch Free Trade Talks

The European Union and New Zealand have said they will launch negotiations toward a free trade agreement. The commitment was made in a joint statement issued following a meeting between European Commission President Jean-Claude Juncker, President of the European Council Donald Tusk, and New Zealand Prime Minister John Key. They said: “Today we committed to start the process for negotiations to achieve swiftly a deep and comprehensive high-quality free trade agreement. Discussions to define the scope and overall approach to the negotiations should start as soon as possible.” Continue Reading

 

Hong Kong’s accession to the Trans-Pacific Partnership

Recently, 12 countries, including the United States, Japan, Singapore and Australia, reachedan agreement on the formulation of the Trans-Pacific Partnership (TPP). The combined gross domestic product (GDP) of these countries accounts for 40 per cent of the world’s GDP. Although some pro-establishment commentators consider that TPP is a move of the United States aimed to exclude China or even a tool used to blockade China, there are comments that TPP will have impacts on Hong Kong’s future economic development, economic independence, role positioning and international status. Continue Reading

 

 

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The 13th WTA Conference is Around the Corner!!

Section: WTA Blog
6 November 2015

The 13th WTA Conference will be upon us soon! This year it is being held in Berlin and hosted by The German Taxpayers Association, 17th-20th March 2016.

There will also be Free Market Road Show, the TaxPayer Leaders Forum, and European Resource Bank! Look at the document below for more information. A registration link is coming soon, so please start the visa process in your respective countries!

WTA Conference March 2016

 

 

 

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National Taxpayers Union (USA) – Congress Keep the 2011 Budget Control Act

Section: Members Highlights / WTA Blog
24 September 2015 | National Taxpayers Union (NTU) / United States

United States

The U.S. Budget Control Act Caps Saved Nearly $9,000 Per Household

by Michael Tasselmyer

As Congress faces a looming deadline on funding for the federal government, some legislators are calling for a repeal of the spending caps imposed under the Budget Control Act of 2011.

Undoing those restrictions on discretionary spending would almost certainly result in larger deficits and deeper debt. For some perspective, the table below compares actual federal spending since 2011 alongside the levels proposed by the White House just before the caps were put in place. (Note: dollar amounts are in billions and figures for the President’s budget reflect CBO’s March 2011 analysis.)

Year Total Outlays President’s March 2011 Budget Savings
2011 $3,603 $3,655 -$52
2012 $3,537 $3,708 -$171
2013 $3,455 $3,800 -$345
2014 $3,506 $3,976 -$470
Total -$1,308

That means that federal spending was reduced by over $1.3 trillion compared to what the Administration had proposed just before the caps were enacted.

To put it another way, spending was reduced by $3,256 per person and $8,980 per household. Federal deficits have been lower than they’d otherwise be by over $703 billion, roughly $2,206 per person and $6,083 per household 

That not only represents a very significant spending cut, but one that has been sustained over time.

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Congratulations to Singapore for 50 Years of Independence and Success – from a Fishing Village to the Top of the World

Section: WTA Blog
28 August 2015 | National Taxpayers Union (NTU) / United States

50 years ago Singapore was a fishing village and today one of the 10 richest countries of the world. Every 10th homeowner in Singapore is a millionaire.

How did this happen?

The success is largely credited to one man, the founder of Singapore, Mr Lee Hsien Loong who died this year.

His major programs were two:

– to create economic growth,

– to eradicate corruption; to get rid of this cancer that destroys economic grown.

Tax fighters all over the world should copy Singapore and intensify the fight against corruption!

Footnote about wealth and taxes for Singapore and other countries:
Singapore´s GDP per person is USD 65.000 per person, in Hong Kong and USA 53.000, Switzerland 46.400, Sweden 41.000, Germany 40.000, UK 37.300, Russia 17.000, China 10.000, Georgia 6.000.

The overall tax burden in Singapore and Hong Kong is only 14% compared with China 19%, USA 24%, Georgia 25%, Switzerland 28%, Russia 29%, UK 35%, Germany 38%, Sweden 43%, France and Finland 44%, France and Belgium 45% and highest in Denmark with 48%.

For many years Sweden had the highest taxes in the world. I dare say Swedish Taxpayers Association has done a good job.Today Sweden has no property tax, no gift tax, no inheritance – death – tax, no wealth tax and practically no tax on capital gains and dividends. Income taxes have been decreased, first down to a maximum of 50% (the Half Left-campaign) and now increased to a maximum of 57%.

Source:
2015 Index of Economic Freedom. By Heritage Foundation and The Wall Street Journal.

Bjorn Tarras-Wahlberg Founder, former Secretary General World Taxpayers Associations Founder and Chairman Asia-Pacific Taxpayers Union

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TPA Ghana Protesting an Unnecessary Toll Hike

Section: Members Highlights / WTA Blog
28 August 2015 | Taxpayers’ Alliance Ghana / Ghana

Ghana

Read here how the Ghanaian government has misused road construction funds, and are now issuing a tax hike in the form of a toll.  The TPA Ghana is calling them out on this dishonest practice.

http://news.peacefmonline.com/pages/news/201508/252191.php

The Taxpayers’ Alliance Ghana said they are “opposed to any form of increase in taxes and levies considering the economic hardships that the Ghanaian taxpayer is going through, the high cost of doing business coupled with the current energy crisis.”

Mr. Bekoe charged government to render an account to Parliament on the usage of the road fund before thinking of burdening the taxpayer with increments.

 

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WTA & German Taxpayers Assoc. Meet with the UK’s TPA

Section: Members Highlights / WTA Blog
28 August 2015 | Bund der Steuerzahler Bayern / Germany

Germany

This week, Michael Jaeger & Daniel Junker of the German Taxpayers Association met with Sarah Elliott and Staffan Wennberg in London to plan for the upcoming biennial WTA Conference in Berlin on the 18-19th March 2016. It was a productive meeting, as speakers and panels were ironed out and ideas shared. While in London, they met with the UK’s Jonathan Isaby, CEO of the TaxPayers’ Alliance (TPA).  Michael and Daniel got to see the offices of the TPA, and meet some of the staff too . Should any of you come through London, do please contact Jonathan and check out the TPA!

 

TPAGermanTPAWTA Staffan and Jonathan

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