Subsidy

UMD-Led Study Examines How Subsidies, Extreme Weather Events, and Financial Education Can All Work Together to Promote Long-Term Agricultural Insurance Adoption

Retrieved on: 
Wednesday, July 29, 2020

In a new paper published in American Economic Review, researchers conducted the first ever experimental study to look at the impact of subsidy policies on insurance policy adoption.

Key Points: 
  • In a new paper published in American Economic Review, researchers conducted the first ever experimental study to look at the impact of subsidy policies on insurance policy adoption.
  • This paper provides insight into this dilemma known as the "insurance puzzle", with implications for insurance subsidy policies and educational programs.
  • "And in poor countries, agricultural cultivation is their main source of income and they often face a lot of weather challenges where insurance could help recuperate their losses, but even then, insurance adoption is very low.
  • This finding has clear implications for insurance policies, not just in rural areas, but across all settings where insurance adoption is a problem.

Canadian Job Outlook Slightly More Optimistic

Retrieved on: 
Wednesday, July 8, 2020

This is according to a newly released survey conducted by The Harris Poll and commissioned by Express Employment Professionals.

Key Points: 
  • This is according to a newly released survey conducted by The Harris Poll and commissioned by Express Employment Professionals.
  • As companies reopen, particularly for those that had to lay off staff, they are finding that not all of their people are returning.
  • As confidence continues to improve - in part due to Government subsidies, including the Canadian Emergency Wage Subsidy - we expect to see trends somewhat model typical seasonal trends.
  • From job seekers to client companies, Express helps people thrive and businesses grow.

Press release - MEPs demand unprecedented support measures for EU firms and workers

Retrieved on: 
Thursday, June 25, 2020

The text calls on the Commission to revise the Employment Guidelines to take account of the consequences of the pandemic and better respond to future crises.

Key Points: 
  • The text calls on the Commission to revise the Employment Guidelines to take account of the consequences of the pandemic and better respond to future crises.
  • Measures proposed by MEPs include wage subsidies, income support, extending unemployment benefit schemes and paid sick leave as well as carers leave and arrangements to work from home.
  • To create new job opportunities, MEPs propose that member states support fair labour mobility throughout Europe and further strengthen the ERASMUS+ mobility programme.
  • Next Steps

    The full house is expected to vote during the September plenary session on the draft report adopted in committee today.

Article - Foreign takeovers in Covid-19 crisis: MEPs push for level-playing field

Retrieved on: 
Wednesday, June 24, 2020

Most MEPs speaking in plenary supported the initiative and emphasised the need for fair competition.

Key Points: 
  • Most MEPs speaking in plenary supported the initiative and emphasised the need for fair competition.
  • The Commissions consultation looks at general market distortions caused by foreign subsidies, but also focuses on foreign subsidies facilitating the acquisition of EU companies or providing an unfair advantage in bidding for public procurement.
  • Some MEPs called for strengthening the rules on screening foreign direct investment in the EU.
  • The reason why were dealing with foreign subsidies is that we have no control, no transparency and that is why we stand up against this today.

ALL QUARTZ SURFACE PRODUCTS FROM INDIA AND TURKEY ARE SUBJECT TO AD/CVD DUTIES

Retrieved on: 
Monday, June 22, 2020

U.S. Customs and Border Patrol will continue collecting duties on all quartz surface products from India and Turkey, and all importers of these products will be under the discipline of antidumping and countervailing duty orders.

Key Points: 
  • U.S. Customs and Border Patrol will continue collecting duties on all quartz surface products from India and Turkey, and all importers of these products will be under the discipline of antidumping and countervailing duty orders.
  • In a recent move to strengthen U.S. trade remedy laws, Commerce has announced a new rule that will treat a foreign countrys currency undervaluation as a countervailable subsidy.
  • This new rulewhich was not in effect during the investigationswill apply to administrative reviews of these orders and could result in much higher duty liabilities.
  • These adjustments will be made retroactive to account for any increases in the foreign producers level of subsidization and dumping.

FBC launches free calculator to help small businesses navigate wage subsidy application

Retrieved on: 
Wednesday, April 29, 2020

"Never have small businesses needed to be more agile, focused, and resilient than they do today," said Steve Ibbotson, President and CEO of FBC Canada.

Key Points: 
  • "Never have small businesses needed to be more agile, focused, and resilient than they do today," said Steve Ibbotson, President and CEO of FBC Canada.
  • "They also need to do everything they can to hold on to their employees which is why the recently launched Canada Emergency Wage Subsidy and Temporary Wage Subsidy programs are so crucial in providing an immediate injection of cash."
  • Helping small businesses hold on to employees was the primary motive for developing the FBC Wage Subsidy calculator.
  • The application process and calculations for Canada's two wage subsidy programs is complex, coupled with the severe consequences of providing a false claim makes it important you get it right.

Highlights - Covid-19: emergency measures to help EU farmers and fishermen - Committee on Fisheries

Retrieved on: 
Tuesday, April 28, 2020

The EU has approved emergency measures to help farmers and fishermen affected by the coronavirus pandemic.

Key Points: 
  • The EU has approved emergency measures to help farmers and fishermen affected by the coronavirus pandemic.
  • During the plenary session on 17 April, MEPs approved financial assistance for hard-hit fishing communities and aquaculture farmers.
  • Fisheries are facing logistical difficulties in ports, increased freight prices for shipping fish products, trade restrictions with non-EU countries, a collapse in prices, loss of markets, concerns over crew safety and limited possibilities for crew rotation due to quarantine.
  • A number of emergency measures will help the sectors, including increased possibilities for state aid and the introduction of support measures through the European Maritime and Fisheries Fund, which will be made more flexible.

Government of Canada launches Canada Emergency Wage Subsidy Calculator for Employers

Retrieved on: 
Tuesday, April 21, 2020

Today, the Honourable Diane Lebouthillier, Minister of National Revenue, launched the Canada Emergency Wage Subsidy calculator to support employers as they prepare to apply for the CEWS.

Key Points: 
  • Today, the Honourable Diane Lebouthillier, Minister of National Revenue, launched the Canada Emergency Wage Subsidy calculator to support employers as they prepare to apply for the CEWS.
  • The CEWS calculator can be found on CRA's Canada Emergency Wage Subsidy Web page .
  • CRA launched the Canada Emergency Wage Subsidy calculator today to help employers determine what they can expect to claim.
  • #CEWS #CdnTax #COVID19
    The Canada Emergency Wage Subsidy is one of the measures the Government of Canada announced as part of their economic response to support Canadians through the COVID-19 pandemic.

Canada’s unions welcome quick passage of wage subsidy bill

Retrieved on: 
Sunday, April 12, 2020

OTTAWA, April 11, 2020 (GLOBE NEWSWIRE) -- Canadas unions welcome todays quick passage of the federal governments bill to legislate wage subsidies.

Key Points: 
  • OTTAWA, April 11, 2020 (GLOBE NEWSWIRE) -- Canadas unions welcome todays quick passage of the federal governments bill to legislate wage subsidies.
  • The bill will now pass the Senate and receive Royal Assent by the end of the day.
  • The wage subsidy aims to make it easier for employers to retain staff during the COVID-19 crisis.
  • This bill ensures that workers will continue to receive wages and also have access to workplace benefits in the short term.

Greater clarity needed on the Government's subsidy control policy

Retrieved on: 
Saturday, April 4, 2020

The Committee also considered options for a UK-EU compromise on state aid, alongside the opportunities and challenges associated with designing a UK state aid or subsidy control policy.

Key Points: 
  • The Committee also considered options for a UK-EU compromise on state aid, alongside the opportunities and challenges associated with designing a UK state aid or subsidy control policy.
  • Broadly speaking, level playing provisions are commitments not to lower levels of regulation below commonly agreed 'reference points'usually, international standards.
  • Some of the EU's existing trade agreements contain provisions on subsidy control that combine WTO subsidy rules with significant inputs from the EU state aid framework.
  • It remains unclear whether the Competition and Markets Authority (CMA) will play a role in the UK's future subsidy control framework.