展望2026年，巴尔金表达了审慎乐观态度。他认为，去年困扰市场的多重不确定性有望逐步消退，从而 提振消费者和企业信心。此外，他提及税收改革、监管放松以及潜在的降息政策，均可能在今年对经济 增长形成支撑。 （文章来源：新华财经） 新华财经北京1月6日电美联储里士满联储主席托马斯·巴尔金（Thomas Barkin）表示，面对通胀与就业 双重目标所面临的不确定性，未来货币政策路径必须采取"精细调整"策略。他强调，当前政策利率已处 于中性区间，但决策仍需高度依赖后续经济数据，不预设方向。 巴尔金指出，尽管美国通胀率已从前期高点显著回落，但仍高于美联储2%的长期目标；与此同时，失 业率维持在低位，但政策制定者不希望劳动力市场状况进一步恶化。他重申美联储双重使命的两面性， 并提醒需"关注熊市"风险，即在抑制通胀的同时避免引发深度经济收缩。 在评估2025年经济表现时，巴尔金肯定了整体韧性，但也指出结构性隐忧：需求与就业增长过度集中于 少数行业，且市场情绪已出现明显下滑。这一不平衡可能削弱复苏的广度与可持续性。 ...

美联储里士满联储主席托马斯·巴尔金（Thomas Barkin）表示，面对通胀与就业双重目标所面临的不确 定性，未来货币政策路径必须采取"精细调整"策略。他强调，当前政策利率已处于中性区间，但决策仍 需高度依赖后续经济数据，不预设方向。 展望2026年，巴尔金表达了审慎乐观态度。他认为，去年困扰市场的多重不确定性有望逐步消退，从而 提振消费者和企业信心。此外，他提及税收改革、监管放松以及潜在的降息政策，均可能在今年对经济 增长形成支撑。 来源：新华财经 巴尔金指出，尽管美国通胀率已从前期高点显著回落，但仍高于美联储2%的长期目标；与此同时，失 业率维持在低位，但政策制定者不希望劳动力市场状况进一步恶化。他重申美联储双重使命的两面性， 并提醒需"关注熊市"风险，即在抑制通胀的同时避免引发深度经济收缩。 在评估2025年经济表现时，巴尔金肯定了整体韧性，但也指出结构性隐忧：需求与就业增长过度集中于 少数行业，且市场情绪已出现明显下滑。这一不平衡可能削弱复苏的广度与可持续性。 ...

今年以来，税收领域改革步履铿锵：互联网平台企业涉税信息报送规定落地实施，推动线上线下公平竞 争；离境退税服务优化升级，助力境外旅客"买买买"；水资源税改革试点全面推行，用税收杠杆撬动绿 色动能……一系列举措聚焦关注关切、直击难点痛点，与高质量发展同频共振，汇聚多方合力将改革动 能加速转化为发展效能。 反"内卷"：税收环境更公平 商品种类更加丰富。今年1月至11月，全国离境退税商店销售商品大类达329类，较去年同期增加84类， 同比增长近四成。"国货潮品备受青睐，购物吸引力不断提升，以智能手机为代表的国货科技产品和以 丝绸、茶叶为代表的国货传统商品销售额和退税额均成倍增长。"国家税务总局货物和劳务税司司长谢 文表示。 退税服务创新增效。税务部门通过开通12366多语种智能咨询服务热线，发布17种语言的《境外旅客离 境退税指南》，制作万余个视频、图文等宣传产品，组织千余场线上线下培训等方式，全方位为境外旅 客提供咨询服务。同时，优化升级退税信息系统，与发票系统互联互通，开发二维码便利措施，退税办 理效率提升45%。 为便利购物地与离境地不一致的旅客享受"即买即退"服务，税务部门积极鼓励代理机构"即买即退"异地 办 ...

Core Viewpoint - Azerbaijan's tax policy will enter a more flexible, fair, and development-oriented phase starting in 2026, with 145 adjustments to 45 articles of the tax law aimed at stimulating capital return and supporting key industries [1][2] Group 1: Tax Rate Adjustments - The tax rate on overseas dividend income will be reduced to encourage capital repatriation and voluntary income declaration by entrepreneurs [1] - Personal income tax rates will increase for citizens earning up to 2500 Manats (approximately 1470.6 USD), from 3% this year to 7% by 2026, and further adjustments planned for 2028 [1] - For those earning between 2500 and 8000 Manats (1470.6-4705.9 USD), the fixed tax amount will rise from 75 Manats (44.1 USD) to 125 Manats (73.5 USD) in 2027 and 175 Manats (102.9 USD) in 2028 [1] - Citizens earning over 8000 Manats (4705.9 USD) will see the fixed tax amount increase from 625 Manats (367.7 USD) to 675 Manats (397.1 USD) in 2026 and 725 Manats (426.5 USD) in 2028 [1] Group 2: Support for Key Industries - Tax incentives will be expanded for non-oil sectors such as agriculture, fisheries, shipbuilding, and the restaurant industry to enhance value creation [1] - The VAT refund program will be extended to include personal services like hairdressing and beauty, promoting legal operations among small and medium-sized enterprises [1] Group 3: Business Environment Improvements - The threshold for mandatory VAT registration will be raised from 200,000 Manats (approximately 118,000 USD) to 400,000 Manats (approximately 235,000 USD) to alleviate burdens on entrepreneurs [1] - Tax benefits will be provided to restaurants that comply with regulations and adopt non-cash payment systems [1] Group 4: Financial Impact - The total amount of tax benefits and exemptions in 2025 is projected to reach 77 billion Manats (approximately 4.53 billion USD), accounting for about 20% of budget revenues, primarily sourced from the non-oil private sector [2]

Core Viewpoint - The Ghanaian Parliament has approved a new Value Added Tax (VAT) bill aimed at comprehensive tax reform, which, upon presidential approval, will replace the current uniform tax rate system [1] Group 1: Tax Reform Details - The new VAT bill will raise the registration threshold for businesses liable for VAT, potentially exempting thousands of small and micro enterprises from VAT payments [1] - The reforms are intended to modernize the tax system, reduce administrative burdens on small businesses, and align Ghana's VAT system with international best practices [1] Group 2: Opposition Concerns - Critics argue that the revised bill may lead to additional tax burdens on medium and large enterprises, which could result in increased costs being passed on to consumers [1] - The government is expected to announce implementation details in the coming months [1]

Core Viewpoint - The International Air Transport Association (IATA) warns that Colombia's tax reform could severely impact the aviation and tourism industries, leading to increased ticket prices and reduced competitiveness compared to other Latin American destinations [1] Group 1: Tax Reform Implications - The proposed tax reform aims to raise the carbon tax rate from 50% to 108%, which is expected to significantly increase airfare prices [1] - The reform plan also intends to eliminate the VAT exemption for foreign tourists on tourism services, potentially raising the cost of inbound tourism by nearly 20% [1] Group 2: Competitive Landscape - The changes may further weaken Colombia's competitiveness as a tourist destination compared to countries like Argentina, Chile, Ecuador, and Peru [1]

Core Points - Greece's GDP showed a recovery in Q2 2025, with a quarter-on-quarter growth of 0.6%, surpassing the previous quarter's 0.1% growth, marking the best performance since Q2 2024 [1] - Year-on-year, Greece's economic growth rate reached 1.7%, standing out amidst sluggish growth in the Eurozone [1] - The recovery was primarily driven by external trade and investment, with exports increasing by 1.3% and imports decreasing by 0.9%, leading to a significant improvement in the trade balance [1] - Fixed capital formation surged by 7.4% quarter-on-quarter and 6.5% year-on-year, indicating strong investment recovery [1] - Domestic consumption showed signs of weakness, with a slight decline of 0.1% quarter-on-quarter, reflecting cautious consumer behavior amid high inflation and living costs [1] Economic Signals - The Q2 GDP growth reflects not only external environmental improvements but also the accumulation of domestic economic momentum [2] - The recovery in tourism and services, with service exports rising by 2.6%, helped offset a slight decline in goods exports [2] - Investment recovery is supported by the ongoing injection of the EU recovery fund and improved domestic fiscal conditions, with Greece achieving an unexpected fiscal surplus in 2024 [2] - Long-term challenges include weak consumption growth, high prices affecting household purchasing power, and demographic pressures from aging and declining birth rates [2] Policy Announcements - The 89th Thessaloniki International Fair (TIF) served as a platform for the Greek government to announce new economic and social policies aimed at consolidating growth and addressing public concerns about living costs and social equity [3] - Key measures include a comprehensive income tax reduction plan, benefiting most workers, and a zero-tax policy for low-income families with four or more children [3] - Adjustments to real estate taxes aim to alleviate burdens on families and promote regional development, particularly in rural areas [4] - The government plans to gradually increase pensions starting in 2026 to address aging population pressures [4] - New regulations on short-term rentals are set to be implemented to control rising housing costs and ensure housing resources are directed towards long-term residents [4] Future Outlook - The signals from TIF indicate that the government aims to ensure that growth benefits are widely distributed, particularly to the middle class and young families [5] - Greece's economy is at a crossroads of recovery and transformation, with Q2 GDP growth setting a positive tone for the year [5] - If reform measures are effectively implemented, Greece may stabilize its growth trajectory and potentially develop a healthier economic structure in the coming years [6]

Core Viewpoint - The Greek government is implementing a tax reduction policy aimed at supporting families with children, as part of a broader €1.6 billion tax reform plan, which is backed by strong economic growth and budget surpluses [1] Tax Reform Details - The tax reform includes a two percentage point reduction across all tax brackets [1] - Families with four children and low-income workers will benefit from a zero tax rate, addressing concerns over declining birth rates and rising housing costs [1] Additional Measures - The government plans to increase pensions and eliminate property taxes in remote areas to encourage young people to move from urban centers to rural areas [1]

Group 1 - India's government plans to reduce the Goods and Services Tax (GST) on nearly 175 products by at least 10 percentage points, including items like shampoos, hybrid cars, and consumer electronics [1][2] - The GST rate for consumer goods such as talcum powder, toothpaste, and shampoos is expected to drop from 18% to 5%, which is likely to boost sales for companies like Hindustan Unilever and Godrej Industries [2] - The GST rate for consumer electronics like air conditioners and televisions may decrease from 28% to 18%, benefiting brands such as Samsung, LG Electronics, and Sony during the upcoming Diwali shopping season [2] Group 2 - The reduction in GST is anticipated to help mitigate the impact of tariff friction on India's economy, where consumption and corporate spending account for over 60% of GDP [3] - Elara Capital economists suggest that increased consumption could offset the negative effects of the lack of a trade agreement between the U.S. and India [3] - IDFC First Bank Ltd. estimates that the reduction in consumption tax could raise nominal GDP growth by 0.6 percentage points and lower inflation by 0.6-0.8 percentage points within 12 months [3]

Core Insights - The article discusses the tax reform and development in China during the "14th Five-Year Plan" period, highlighting steady growth in tax revenue and structural optimization, which supports high-quality economic and social development [1] Group 1: Tax Revenue Growth - Economic growth has effectively driven tax revenue increases, with total tax and fee revenue expected to exceed 155 trillion yuan, including an estimated 85 trillion yuan in tax revenue excluding export tax rebates, marking a significant increase of 13 trillion yuan compared to the "13th Five-Year Plan" period [1] - The number of tax-related business entities has surpassed 100 million, with a net increase of 30 million since 2020, providing substantial financial resources for infrastructure, social welfare projects, and key industry support [1] Group 2: Tax Cuts and Economic Vitality - A series of tax cuts and fee reductions have been implemented, with a total expected reduction of 10.5 trillion yuan during the "14th Five-Year Plan" period, focusing on technology innovation and advanced manufacturing, which accounted for 3.6 trillion yuan or 36.7% of the total [2] - The high-tech industry has seen an average annual sales revenue growth of 13.9%, becoming a new engine for economic growth, with private enterprises benefiting the most from tax cuts, receiving 7.2 trillion yuan or 72.9% of the total reductions [2] - The R&D expense deduction policy has been optimized, with 3.32 trillion yuan deducted in 2024, benefiting 615,000 enterprises, representing increases of 25.5% and 16.7% respectively since 2021 [2] Group 3: Support for Livelihood Improvement - The individual income tax reform has shown significant effects on income distribution, with the top 10% of income earners paying about 90% of individual income tax, while individuals with annual income below 120,000 yuan are generally exempt from tax [3] - In 2024, the number of individuals benefiting from special additional deductions is expected to reach 1.19 trillion yuan, a 55% increase compared to 2020, with tax reductions amounting to nearly 300 billion yuan, up 156.5% from 116 billion yuan in 2020 [3] - The "one refund, one supplement" policy reflects the legal norms of the individual income tax reform, with over 100 million taxpayers applying for refunds totaling more than 130 billion yuan in 2024 [3] Group 4: Future Tax Reform Directions - Future tax reforms should continue to focus on improving livelihoods, with potential adjustments to special additional deduction standards based on regional living costs and family burdens, such as increasing medical expense deductions for families with high medical costs [4] - Tax policies should encourage residents to enhance self-protection in areas like retirement and healthcare, with greater tax incentives for purchasing qualifying commercial insurance [4] - For enterprises, especially startups, special tax incentives could be introduced, such as tax exemptions during initial funding phases and accelerated depreciation for technology-related investments [5]