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
In a bold move, a recent proposal in France aims to scrap the 10% tax allowance for retirees, a change that could significantly affect the financial well-being of countless seniors. Supporters of the measure argue that it promotes fairness within the tax system, but critics warn it could add further strain on retirees who are already grappling with escalating living expenses.
In a historic move, Senate Republicans have broken longstanding norms to expedite Donald Trump’s tax cut agenda. The decision, aimed at boosting economic growth, has drawn criticism from Democrats who argue it exacerbates income inequality.
Canada has officially canceled its proposed increase in the capital gains tax, a decision met with mixed reactions. Critics argued it could stifle investment, while supporters claimed it was necessary for equitable taxation. The government aims to focus on economic stability.
Brazil is set to implement a new tax on overseas profits and high incomes as part of a strategy to balance a larger tax exemption. This move aims to enhance fiscal stability while addressing income inequality, according to sources close to the government.
