Tuesday, November 20, 2012

Press Review ? Tax relief has marginal impact on public accounts ...

Expresso
?Minister authorised police to charge on protestors?, revealed weekly?Expresso on Saturday, as the PSP police detected Molotov cocktails amongst protestors during last Wednesday?s protests outside parliament and Minister for Internal Administration Miguel Macedo gave the order for the police to disperse the crowds.

P?blico
?Bank of Portugal wants president to name governor?, reveals P?blico, as a proposal put forward by the Bank of Portugal says the appointment of the new governor of Portugal?s central bank should be made by the president rather than by the prime minister.

Correio da Manh?
?40,000 seizures for failing to pay tolls?, reports Correio da Manh?, revealing that?620,000 people are accused of not paying the use of toll motorways, with the total amount of debt reaching ?67.5m. According to the paper,?vehicles are being seized by the tax authorities and sold in public auctions.

Di?rio de Not?cias
?Duarte Lima accused of swindling his own business partner?, reveals Di?rio de Not?cias, after the lawyer and former PSD MP was charged with embezzlement and money laundering in the BPN bank case in Portugal, as well as facing a murder charge in Brazil. The daily newspaper reports that Duarte Lima also moved money used in his murky deals into an account belonging to his business partner, former PSD MP V?tor Igreja Raposo, without his knowledge.

Jornal de Not?cias
?Councils already saving with cuts to public lighting?, reports Jornal de Not?cias, as the municipal councils of Porto and Lisbon saved ?160,000 in one year and others around the country are following suit. According to the daily, the measures were introduced with the aim of making up for the recent tax hike. The PSP police deny the measures might have reduced safety in the streets.

i
?Freeport: ?People have right to know why case was frozen for 4 years??, writes i, quoting former Minister of Justice ?lvaro Laborinho L?cio on the high-profile ?Freeport? case surrounding the illegal licensing to build a shopping mall on a conservation area, which involved former Prime Minister Jos? S?crates, who at the time was minister of the environment.

Di?rio Econ?mico
?Tax relief has minimal effect for families?, reports financial daily Di?rio Econ?mico, as the new proposal to make changes to the government?s 2013 draft budget by reducing the 4% special surcharge on personal income to 3.5% instead, will have marginal impact on public accounts, while penalising workers at the lower end of the wage scale. According to the paper, the European Commission said it had agreed on a surcharge of 3.5% in the report on the fifth assessment of Portugal?s bailout programme, while Minister of Finance V?tor Gaspar insisted on a surcharge of 4%, which he only admitted reducing in exchange for additional cuts to expenditure.

Jornal de Neg?cios
?Majority cut subsidised credit?, reveals financial newspaper Jornal de Neg?cios, as the PSD/CDS-PP parliamentary majority approve changes to the 2013 state budget. According to the newspaper,?families with financial assets over ?100,000 or an annual income over ?25,400 lose their rights to receiving state support to pay for their property loans, while independent workers will see a slight decrease to their tax burden.

A Bola
?The best Benfica?, writes A Bola, as Benfica gets ready for its match against Celtic Tuesday for the Champions League.

Record
?Liverpool attacks Jeffr?n?, reports Record, as Liverpool FC lined up a bid for Spanish forward Jeffr?n and Sporting negotiates his transfer.

O Jogo
?Jesus wants Matic to strengthen defence?, writes O Jogo, as Benfica coach Jorge Jesus insists Serbian player Nemanja Matic ?suffocates the opponents? before Tuesday?s game against Celtic in the Champions League.

Source: http://www.portugaldailyview.com/frontpage/press-review-tax-relief-has-marginal-impact-on-public-accounts

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