The UK government is gearing up to dramatically cut the tax-free savings allowance in the upcoming November budget, Reuters reports, citing The Telegraph. This bold strategy aims to increase revenue amid mounting economic challenges
Browsing: tax policy
France’s Socialists are championing the return of the wealth tax, aiming to bolster government finances amid challenging economic times. This ambitious move targets inequality directly and promises to increase funding for essential public services, sparking spirited debate as elections draw near
Ferrari has hit the brakes on car deliveries to the UK, reacting to the latest non-dom tax reforms. The luxury automaker highlights these new tax rules as a significant challenge, prompting a major shift in its supply strategy across the British market
Brazil has unleashed a powerful political “task force” to fast-track the approval of a tax increase on bets and financial investments, aiming to boost government revenue amid growing regulatory focus on the iGaming sector
Argentina has officially embraced the OECD’s tax treaty standards, highlighting its strong commitment to global tax transparency and fostering international cooperation, according to a recent report by Law360
Brazil may extend tax exemptions on select investments, a government official revealed, aiming to boost market confidence and attract foreign capital amid these uncertain economic times, TradingView reports
Fernando Nikolic, CEO of Traders Union, unleashed a fierce critique of Argentina’s Bitcoin tax strategy, branding it as nothing less than a liquidation scheme. He cautions that this policy not only stifles crypto investment but also risks suffocating the entire market’s growth nationwide
Spain has introduced wealth taxes targeting the ultra-rich – and, surprisingly, it hasn’t sparked a mass billionaire exodus. Thanks to thoughtful policy design and well-balanced rates, the country has not only retained its wealthy residents but also seen a significant boost in public revenue
Canada is gearing up to scrap its digital services tax in a bold effort to revive stalled trade talks with the United States, aiming to ease tensions and boost their economic partnership, CNN reports
Trump’s new tax law introduces significant changes set to reshape both personal and business finances. With updated tax brackets and deductions, these key provisions take effect next tax year, revolutionizing how Americans approach their taxes
Brazil’s government is fiercely resisting Congress’ attempt to reverse a recent tax hike, intensifying political tensions. This showdown highlights the growing battle over fiscal policy as leaders work tirelessly to stabilize the economy, Reuters reports
Canada has officially rolled back its digital services tax aimed at US tech giants, marking a bold move to ease mounting trade tensions. Former President Trump fiercely opposed the tax, claiming it unfairly singled out American companies
Brazil’s President Lula has boldly taken Congress to the Supreme Court amid a fierce tax revolt, directly challenging lawmakers who resist his ambitious fiscal reforms. This dramatic showdown underscores the escalating battle between the executive and legislative branches
Japan is sending shockwaves through the crypto world with a bold proposal to redefine cryptocurrencies. This groundbreaking move could unlock the door for crypto ETFs and dramatically cut tax rates for investors, igniting fresh growth and attracting a wave of new participants to the market
Treasury warns that taxing actual instead of unrealised superannuation gains could burden millions of Australians with steep costs, sparking a fierce debate over the fairness and financial consequences of the proposed tax reforms
Scotland has now joined Japan, Indonesia, New Zealand, Greece, Italy, the Netherlands, and Portugal in introducing a tourism tax. However, this new levy casts a shadow over Scotland’s cruise industry, raising serious concerns about its economic future
Friedrich Merz unveils a bold €46bn corporate tax cut plan aimed at turbocharging Germany’s economy. This ambitious strategy is set to spark fresh investment and fast-track growth amid a sluggish recovery, igniting vibrant debates on fiscal responsibility and the country’s competitive future
Germany is reportedly gearing up to introduce a 10% digital tax aimed at tech giants like Alphabet and Meta, seeking to boost revenue from their massive online activities within the country, sources reveal
Spain is rolling out a bold new tax policy that could significantly impact British buyers looking to purchase holiday homes. With plans to impose a staggering 100% tax on foreign-owned properties, the government is stirring up quite a buzz and raising eyebrows among potential investors. Will this move deter dreamers from owning a slice of Spanish paradise?
In a bold move, Brazil has scrapped its contentious offshore tax on investment funds after facing intense pushback from investors. This pivotal decision is set to rejuvenate confidence in the financial sector and draw in foreign capital, signaling a transformative shift in the government’s fiscal strategy.