Taxpayers
in sentence
648 examples of Taxpayers in a sentence
But current proposals, such as national redemption funds, or a Europe-wide version with joint liability, would increase the burden on EU
taxpayers
drastically.
But there are ways in which debt could be sensibly restructured without any cost to
taxpayers
and in a manner that brings Europeans closer together.
Faced with credit losses, a central bank can either dig its way out through inflation or await recapitalization by
taxpayers.
Why, then, should ordinary
taxpayers
foot the bill to bail out the financial industry?
The assets either would have to be priced at far above their market value, with
taxpayers
thereby subsidizing the previous, failed owners, or the private bank would not have been helped at all.
Taxpayers
could have recovered more of their losses if we had been more patient, as prices continued to rise for a long time.
Germany opposes the new bank-resolution mechanism proposed by the European Commission, generating moral and political support at home by portraying its stance as an effort to protect German taxpayers: Why should the German ants pay for the southern European grasshoppers?
In fact, Germany’s position is a ploy to hide its anticompetitive behavior, whereby the government subsidizes German banks and industry at the expense of everyone else – including German
taxpayers.
This implicit subsidy not only costs each country’s
taxpayers
billions of euros; it also distorts competition, because not all implicit subsidies are created equal.
But this approach would not only leave German
taxpayers
on the hook; it would also create perverse incentives in the entire European banking system, maximizing instability.
German
taxpayers
have paid dearly for German banks’ mistakes.
In 2008, when the Landesbanks were found to be full of American subprime mortgages, the German government bailed them out with a €500 billion ($650 billion) rescue package at its taxpayers’ expense.
In 2010, when German banks were badly over-exposed – to the tune of $704 billion – to Greece, Ireland, Italy, Portugal, and Spain, European
taxpayers
and the ECB helped them to bring most of that money home.
The biggest threat to German
taxpayers
is not southern European profligacy, but their own country’s banks.
In this sense, the banking union is not a scheme to burden German
taxpayers
with the losses of failed southern European banks; rather, it is a mechanism to render all banks (including German ones) accountable for their own mistakes, thereby reducing the burden that they impose on domestic
taxpayers.
A few rich individuals appeared to gain and all
taxpayers
to lose.
When I was a European Commissioner, we provided funds from European
taxpayers
to pay for these things.
Joint and several liability for public bonds is imaginable only if countries offering their guarantee – and thus potential access to their
taxpayers
– can exercise veto power and prevent a partner country from issuing more debt.
Moreover, it would reduce the fiscal burden on
taxpayers
in immigration countries, thereby preventing a competitive dismantling of West European welfare states driven by the aim of warding off expensive immigration.
Governments should consider how to give
taxpayers
a stake in such profitable outcomes from publicly supported research, not least to replenish public R&D budgets.
Indeed, Turkey did not have to spend a penny of taxpayers’ money on bank recapitalization or rehabilitation during the global financial crisis.
It is appropriate to finance (some) long-lived public-capital investment by government borrowing, since the benefits will accrue for many years, and future
taxpayers
might equitably bear part of the burden.
Water has a cost, and someone, either end-users or taxpayers, has to pay it.
The national consultation and the release of the results are the latest elements of a massive ongoing propaganda campaign funded by Hungarian
taxpayers
to benefit a deeply corrupt government seeking to deflect attention from its failure to fulfill Hungarians’ legitimate aspirations, particularly in education and health care.
When the pyramid starts crumbling, government – that is,
taxpayers
– must step in to refinance the banking system, revive mortgage markets, and prevent economic collapse.
Countercyclical spending and tax policy are widely acceptable to experts and
taxpayers
alike, but deficit spending on wars is known to be a paltry way to stimulate the economy.
With a list of assets in hand, and a proper understanding of their market value, taxpayers, politicians, and investors can better reckon with the long-term consequences of political decisions.
Nonetheless, by launching its OMT scheme, the ECB has committed German (and other northern European) taxpayers, without their parliaments’ approval, to a potential obligation to bail out – well, whom, exactly?
The military, the police, or personal security details are often a welcome and necessary presence, and, if properly deployed, will save taxpayers’ money in the long run.
And though the European Commission’s proposed 2020-2027 budget would reduce such funding, it would allow member states to continue spending taxpayers’ money on fossil-fuel production.
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