global economic crisis extras Flashcards
(8 cards)
In 2013 who noted that between 2007 and 2011 tax cuts were mainly personal but they went as far as corporate too Sweden (1.7%) Germany (8.9%) UK (11%)
Gensel and Schwarz
between 2008 and 2010 France, Germany, US and Sweden all did what according to Pontusson and Raess 2012?
Had a consensus to increase spending (hence why if you look at the stats on discretionary spending you can see that hey all have positive variants in comparison to previous years)
How did Spain and US cut taxes primarily?
- Spain and the US focused on cutting individual income taxes
how did uk cut taxes / where?1
UK mainly cut consumption taxes
what type of taxes did Germany focus on cutting?
- Germany focussed on cutting pay roll taxes
What does Cameron show between 2008 and 2009? In the wake of the immediate crisis?
virtually all countries tried to deal with it by reducing taxes and increasing spending (leaving debts to deal with later on)
Streck makes what arguments about contemporary governments?
- Streeck argues that contemporary governmetns are strugglign to respond to the challnges that contemporary capitalism represents
Who argued that the major players on the global stage combine with divergent preferences with respect to financial regulation and macroeconomic management?
Ie preferences relect the interest of the dominant sector in each state
- Bermeo and Pontusson