The lower Chamber of the French Parliament has approved a package of 20 billion euros to reduce inflation, as well as tax benefits to help families. Reuters reports. The lower house last week already approved a package of anti-inflation measures, which include an increase in pensions, a temporary cap on rent increases and an increase…
After the European Union froze $ 250 million in assets of Russian businessmen, the Italian government faced several problems. According to the Washington Post article, the main challenge of the country today is to manage the frozen villas of the Russians, which is quite expensive. There is also the question of what function the empty…
The British business newspaper City A.M. And RIFT Tax Refunds conducted a study showing that the Cayman Islands, the UK, and the US are leading in terms of offshore losses. A collective study found that under the offshore scheme registered in the Cayman Islands, the Cayman Islands alone lose about $ 45.7 billion annually. The…
On February 1, maximum prices for several categories of food products entered into force in Hungary. There is no compensation for sellers, so they have to bear the cost of the increases in goods. At the same time, the first discount store introduced a limit on the number of products purchased. Each country is looking…
A new tax will soon be required for non-EU citizens to enter the Schengen area from 2022. According to Euronews, any passenger other than those living in the Schengen area will have to pay the tax when entering the Schengen area. According to the publication, those who are citizens of EU member states but do…
According to Reuters, Leaders of the world’s 20 largest economies have backed an agreement on a minimum global corporate tax that aims to eliminate tax evasion of big businesses. The Minimum Corporate Tax Transaction is a coordination agreement under which large corporations will face a minimum of 15 % tax from 2023. As a result,…
German citizens hoarded almost 11.9 billion euros in 2019 on the Island Guernsey in Britain, also known as the “tax haven”. Most of the offshore companies are registered on this island. The German edition Die Süddeutsche Zeitung writes about this on Tuesday, September 7, based on data from the German Federal Ministry of Finance. According…
The European Commission has presented the EU Green Deal environmental plan, which aims to reduce emissions by 55%. First, a cross-border carbon duty (Carbon Border Adjustment Mechanism (CBAM)) will be introduced to restrict imports of steel, aluminum, cement, fertilizers, and electricity to the EU. The scheme will be launched in test mode from January 1,…
The consequential and regularly developing technology brought by the new era is rapidly changing businesses. Companies are investing in big data, automation, and artificial intelligence solutions to improve their business capacities. The pandemic has also pushed companies to accelerate the existing digitalization plans to have data and processes continuously available and operable securely to ensure…
From 1 March (and not 1 January, as the Sejm wanted) tax collection and safety of public finances in Poland will be handled by National Fiscal Administration (KAS). Before taxpayers and officials there is a great tax administration reform. According to the announcement from Marian Banaś, who will stand in charge of the unit from…
