Dow Jones Industrial Average was unable to complete last week on a positive note. U.S. stock indexes up to the bidding Friday, June 25, showed mixed trends – S & P 500 and NASDAQ rose against the hopes of investors that the new draft law on financial regulation will not have a negative impact on earnings of Wall Street than they expected.
The Government has approved a draft law on the Tax Code of Ukraine. In the Cabinet of Ministers insist that proposed innovations provide a balance of interests between government and business. Prime Minister Mykola Azarov said that the draft provided for the reduction of national taxes from 29 to 17.
In the European Union we should have a supranational regulation, which will monitor the budgets of Member States regarding their compliance with applicable financial regulations, to avoid repetition of fiscal and debt crisis. This statement was made today by president of the European Central Bank Jean-Claude Trichet.
British Parliament tries to amend the Bible. The House of Lords has adopted by majority vote amendments to the Law on equality which allows religious organizations to bless gay marriages.