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2. Personal Income Tax Policy Choices of Spanish Autonomous Communities in 2016: A Comparison with Canada of the Rate Structure
- Author:
- François Vallancourt, Jesús Ruiz-Huerta, and Violeta Ruiz Almendral
- Publication Date:
- 01-2018
- Content Type:
- Working Paper
- Institution:
- Fundación Alternativas
- Abstract:
- Since 2009 Autonomous Communities have started to set their own Personal Income Tax rates for the first time. This is both the result of the 2009 rule change and the difficulties to get other public revenues during the years of the Great Recession. We will examine what the Autonomous Communitie s explicit choices have been and see how they compare to what Canadian Provinces have done. Before 2000, these provinces other than Québec were required to use a surtax approach that saw provinces collect personal income tax as a% of federal taxes (tax on tax) using the same number of brackets, boundaries of brackets and progressivity structure. Since 2000 they can and have chosen to use a tax on income approach as noted above. Thus they must make similar choices to those of Autonomous Communities for their Personal Income Tax since 2000.
- Topic:
- Economics, Global Recession, Tax Systems, and Recovery
- Political Geography:
- Europe, Canada, Spain, North America, and Western Europe
3. IN3 - Incubating a New Spain through the Promotion of Entrepreneurship
- Author:
- James Costos
- Publication Date:
- 09-2015
- Content Type:
- Journal Article
- Journal:
- The Ambassador's Review
- Abstract:
- Helping entrepreneurs grow their businesses and achieve their full potential is in the interest of anyone who wants to foster prosperity worldwide— that’s why it’s an Obama administration priority. Growth anywhere does some good everywhere, and the fact is that entrepreneurs create jobs and drive economic growth both at home and abroad. In the United States, 40 percent of our $17 trillion economy is generated by companies that did not even exist 20 years ago. Two-thirds of our 65 months of consecutive job growth is driven by small businesses. The owners of those businesses—28 million and growing—employ over half of America’s workforce.
- Topic:
- Economics, Human Welfare, Social Stratification, and Labor Issues
- Political Geography:
- United States and Spain
4. IN3 - Incubating a New Spain through the Promotion of Entrepreneurship
- Author:
- James Costos
- Publication Date:
- 09-2015
- Content Type:
- Journal Article
- Journal:
- The Ambassador's Review
- Institution:
- Council of American Ambassadors
- Abstract:
- Helping entrepreneurs grow their businesses and achieve their full potential is in the interest of anyone who wants to foster prosperity worldwide—that’s why it’s an Obama administration priority. Growth anywhere does some good everywhere, and the fact is that entrepreneurs create jobs and drive economic growth both at home and abroad. In the United States, 40 percent of our $17 trillion economy is generated by companies that did not even exist 20 years ago. Two-thirds of our 65 months of consecutive job growth is driven by small businesses. The owners of those businesses—28 million and growing—employ over half of America’s workforce. As our missions work to expand the global economic recovery, one of the most effective tools we have at our disposal is the promotion of entrepreneurship—a quintessential American value. By deepening the connections between the entrepreneurial ecosystems of the United States and our partners overseas, we can grow our economies, create jobs, and support businesses that will have lasting impact and create prosperity. The good news is that this is easy to do, because the world is more interconnected than ever before. We benefit from unprecedented opportunities to help entrepreneurs access the capital, resources, and networks they need to succeed. We also have the strong support and leadership of President Obama, who is personally committed to promoting entrepreneurship worldwide. Spain is a country with a strong and growing entrepreneurial spirit, a plethora of talent, and solid business networks. Although it is starting to emerge from economic crisis, there is still much work to be done to ensure Spain’s continued recovery. The United States Mission is doing its part to consolidate the country’s economic progress by helping a new generation of entrepreneurs achieve their full potential, and generate jobs and economic growth. We have established a strong partnership with TeamLabs, an organization that teaches the concept of entrepreneurship and engages with thousands of high school students across all regions of Spain. We have produced animated videos for youth called You®Company which tell real life stories of Spanish and US entrepreneurs while exploring the values of motivation, innovation, corporate social responsibility, failure, and critical thinking. We have also organized an Alumni Mentoring Program that we use to link up business leaders, prominent entrepreneurs, and alumni of United States Embassy exchange programs to coach aspiring entrepreneurs and help them build their network of contacts. This past June, we took our entrepreneurship programs to a new level with the launch of IN3 (IN-cubed)—Innovators, Investors, and Institutions—in partnership with Google and Chamberi Valley, a Spanish entrepreneurship association. Aimed at promoting entrepreneurship and investment in Spain, IN3 was the first community event hosted at Campus Madrid, one of only a handful of Google spaces around the world where entrepreneurs can learn, connect, and build companies that will change the world. In August 2015, the International Monetary Fund released a report stating that Spain has more obstacles to entrepreneurship than any other European country. IN3 directly addressed these challenges by bringing together Spanish and American innovators, investors, and institutions to discuss common challenges and solutions for scaling-up international companies. The event provided Spanish entrepreneurs the opportunity to hear from leading US counterparts and tech investors on how to overcome institutional and investment challenges that inhibit business growth. It also offered US entrepreneurs the chance to explore areas of potential collaboration with their Spanish counterparts and learn from their experiences expanding into other European and Latin American markets. It provided a forum where entrepreneurs and policymakers exchanged ideas on the best ways to promote the creation of new businesses and help successful companies grow. Finally, it allowed US and Spanish innovators the opportunity to discuss their experiences with senior Spanish government officials. Through these interactions, IN3 helped to equip entrepreneurs with the tools they need to overcome the challenges of expanding their businesses—from finance, to mentorship, to regulations. I was honored to be joined at IN3 by the Administrator of the United States Small Business Administration Maria Contreras-Sweet, Google Executive Chairman Eric Schmidt, His Majesty King Felipe VI of Spain, and leaders from the Spanish government. With their support, we elevated the importance of entrepreneurship and the crucial role entrepreneurs play in driving growth and creating jobs in Spain. Our message reached an audience of 53 million people in Spain through local media exposure, another 3.25 million on Twitter, and became a top-trending topic on US social media. Not only did the conference promote entrepreneurship and bilateral investment opportunities to a diverse audience, but IN3 generated real investment and new business growth for Spanish and US firms. For example, Opinno, the consulting and events firm that produced IN3, established new ties with US design thinking firms and academic institutions and plans to partner with these organizations to propel their international expansion. Several new investments were made in small and medium-sized Spanish companies, totaling hundreds of thousands of dollars, and the Embassy continues to hear of additional business sparked by the conference.
- Topic:
- Economics, Entrepreneurship, Recovery, and IMF
- Political Geography:
- United States, Europe, Spain, and North America
5. Income Inequality Developments in the Great Recession
- Author:
- Tomas Hellebrandt
- Publication Date:
- 01-2014
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- The Great Recession, which cost tens of millions of jobs, a collapse of asset values around the world, and threatened the global financial system, has generated renewed concern over the long-standing issue of the fairness of the distribution of wealth and income in many societies. Economic inequality has increased in the United States and many other advanced economies over the past 20 to 30 years. This trend generated less worry in the boom years, when unemployment rates were low and cheap credit enabled consumers to borrow and maintain higher standards of living, masking the impact of growing income disparity on consumption patterns and perceptions of well-being.
- Topic:
- Debt, Economics, International Trade and Finance, Poverty, Social Stratification, and Financial Crisis
- Political Geography:
- United States, United Kingdom, Germany, Spain, Italy, and Ireland
6. The latest shift in Spain-Latin America migration — Chile's start-up ecosystem — Mexico's aviation parts industry
- Author:
- Aurora Garcia Ballesteros and Beatriz Cristina Jiminez Blasco
- Publication Date:
- 04-2014
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- Latin America has historically played an important role in Spain's migratory cycles—both as a sender and as a recipient. Spanish political immigration to the hemisphere surged following the Spanish Civil War (1936–1939) and again after World War II, when Spaniards flocked to Latin America for economic reasons. The flow reversed with the late-1980s economic crises in Latin America. Between 1996 and 2010, Latin Americans in Spain—measured by those who obtained Spanish citizenship—grew nearly tenfold, from 263,190 to 2,459,089. Now Europe's economic crisis, which has acutely affected Spain, is causing the flows to shift again. According to data from Spain's National Institute of Statistics (INE), for the first time in this century, more people are now leaving Spain than moving to it. Net migration in 2011 was reported at negative 50,090 people, with 507,740 leaving Spain and 457,650 arriving.
- Topic:
- Economics, Migration, and War
- Political Geography:
- Latin America and Spain
7. Catalan Secessionism: Young People's Expectations and Political Change
- Author:
- Montserrat Guibernau
- Publication Date:
- 09-2014
- Content Type:
- Journal Article
- Journal:
- The International Spectator
- Institution:
- Istituto Affari Internazionali
- Abstract:
- Various factors have triggered the recent shift from devolution to secession in Catalonia: the Aznar government's lack of response to demands for greater autonomy for Catalonia, the legal challenging of the 2006 Statute of Autonomy of Catalonia and, increasingly, economic arguments as Catalan society endures a harsh economic crisis. After evaluating the impact of the Spanish transition to democracy upon younger generations' expectations regarding the meaning and content of democracy in post-Franco Spain, it is argued that democracy based upon 'consensus' rather than 'majoritarian democracy' would be better suited to respond to national minorities' demands in Spain.
- Topic:
- Economics, Government, and Political Theory
- Political Geography:
- Spain
8. Speaking a Common Language with Latin America: Economics
- Author:
- Jose W. Fernandez
- Publication Date:
- 03-2014
- Content Type:
- Journal Article
- Journal:
- Americas Quarterly
- Institution:
- Council of the Americas
- Abstract:
- United States-Latin American relations have often suffered from a disconnect. While we stress security issues, the region's leaders speak of poverty reduction and trade. They resent being seen as afterthoughts to U.S. policies focused elsewhere. As a result, the region is sporadically open to new suitors, such as Spanish investors 15 years ago, or the Chinese today.
- Topic:
- Economics and Poverty
- Political Geography:
- United States, China, Latin America, and Spain
9. Güney Avrupa'da Ekonomik Kriz ve Toplumsal Hareketler
- Author:
- Burak Cop
- Publication Date:
- 02-2013
- Content Type:
- Working Paper
- Institution:
- Global Political Trends Center
- Abstract:
- The southern European countries are those who have been affected the most by the EU sovereign debt crisis. However, compared with Greece and Spain, Italy and Portugal are in relatively better positions in terms of their debt/GDP rate and unemployment figures. There has been a strong popular reaction against the austerity measures in Greece, a country where leftist parties and trade unions have been traditionally strong. Due to the miserable conditions of the economy, the Greek government has been prevented from taking the publics demands into account. It is important to note that the political situation in Greece is very unstable leading to the potential relaxing of the austerity measures. There is no such instability in Spain and Portugal, making the probability of the relaxation of austerity measures unlikely, especially in Spain. Italy has the same potential for political instability as does Greece, and given that it is a country with relatively better conditions, in comparison with the others, some relaxation of the austerity measures may be expected if the centre-left coalition comes to power.
- Topic:
- Debt, Economics, Global Recession, Financial Crisis, Governance, and Reform
- Political Geography:
- Europe, Greece, and Spain
10. The Europe We Would Like to Inherit: Toward a Visionary New Pragmatism
- Author:
- Dustin Dehez, Muddassar Ahmed, Nafeez Mosaddeq Ahmed, Spela Kranjc, and Ivo Sobral
- Publication Date:
- 07-2013
- Content Type:
- Working Paper
- Institution:
- Atlantic Council
- Abstract:
- Europe urgently needs to move forward on a number of crucial reforms simultaneously. To face the challenges of the recession, we need better economic integration. The crisis of the Euro zone is not only a debt crisis. What Europe is facing is a multitude of different crises, of which the debt crises in Greece, Cyprus, Spain, and Italy are only a small part. All European countries have accumulated huge debts, their social security models are facing an inevitable demographic challenge of enormous proportions. The conventional crisis management response—austerity—has failed to create a foundation for future economic stability. To survive, Europe needs to rethink the very foundations of its economic policies for a population that is older and a Europe more fractured. Europe needs to open itself up to immigration, foster regulation and integration of financial markets, overhaul social security structures set up decades ago, galvanize productive investment in new post-carbon industries that will create jobs and spur technological innovation, and invest in a security sector that is capable of projecting stability.
- Topic:
- Foreign Policy, Development, Economics, Politics, and Reform
- Political Geography:
- Europe, Greece, Spain, Italy, and Cyprus