Search Results for: Tax
Spanish government raises taxes for the rich and wealthy
October 27th, 2020
The Government raises corporation tax, wealth tax and personal income tax for the rich. The President of the Government, Pedro Sánchez, and the second vice president, Pablo Iglesias, presented the preliminary draft of the General State Budget on Tuesday, ...
European Commission vice-president calls for EU-wide digital tax
September 2nd, 2020
The European Union needs to tax companies that generate its revenues with digital services as the money is needed to fund infrastructure and social programmes in the future, European Commission vice-president Valdis Dombrovskis said on Monday. “We need to ...
EU considers tax, emissions trading for carbon border plan
July 24th, 2020
The European Union has laid out options for designing its plan to impose charges on imports of some goods to try to protect EU industry from being undercut by countries with weaker climate policies. Options under consideration are a ...
U.S. opens new investigations into countries planning digital taxes
June 16th, 2020
The United States is stepping up pressure on other countries over negotiations for a digital services tax, opening new probes into nations planning higher duties on tech giants. The U.S. trade representative announced Tuesday it is investigating Austria, Brazil, ...
Europe: A new corporate tax could raise €10 billion a year
June 12th, 2020
A new corporate tax could raise €10 billion a year to help fund stimulus plans while amounting to less than 0.2% of turnover of large companies that benefit from the European Union’s single market, the bloc’s executive said on ...
False claim: “free stuff” is funded by these high tax rates in “socialist” EU countries
March 16th, 2020
Multiple accounts on Facebook are circulating an image which makes the claim that high tax rates in European countries are behind “free stuff” advocated for by “socialism”. The image gives a breakdown of income, VAT, and gasoline taxes in ...
EU puts Cayman Islands on tax haven blacklist
February 19th, 2020
The European Union has added the Cayman Islands, a UK overseas territory, to its tax havens blacklist. It joins Oman, Fiji and Vanuatu, which have also been accused of failing to crack down on tax abuse. Oxfam, which lobbies ...
Tax revenues have reached a plateau
December 30th, 2019
Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis. The ...
Parliament keeps up pressure to tax digital economy more fairly
December 20th, 2019
MEPs press EU to engage fully in international efforts to tax the digital economy, while still being prepared to act at EU level if global plans fail. As international talks at OECD level on taxation systems for the digital ...
Plan for an EU financial transaction tax of 0.2 pct
December 12th, 2019
The plans drawn up by German Finance Minister Olaf Scholz for a new financial transaction tax in 10 European Union states, provide for a tax of 0.2 percent of the transaction value of purchases of shares in large companies. ...
