Tag #Taxation

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kathimerini.gr

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Sep 19, 10:19

Global Billionaire Wealth Surge: 1987-2025

From 140 billionaires with a combined wealth of $295 billion in 1987, the number has skyrocketed to 3,000 in 2025, possessing a combined $16 trillion, raising concerns about their low tax contributions.

Global Billionaire Wealth Surge: 1987-2025

From 140 billionaires with a combined wealth of $295 billion in 1987, the number has skyrocketed to 3,000 in 2025, possessing a combined $16 trillion, raising concerns about their low tax contributions.

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What are the challenges in taxing extreme wealth effectively, and what are the potential consequences of inaction?

Challenges include billionaires' ability to shift assets and relocate to avoid higher taxes, resulting in disappointing revenue. Inaction could further exacerbate inequality, undermining social cohesion and potentially leading to political instability.

lexpress.fr

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Sep 19, 10:18

Europe Debates Wealth Taxes Amidst Fiscal Challenges

Several European nations are currently debating the implementation, adjustment, or abolishment of wealth taxes on high-net-worth individuals, driven by fiscal needs and social equity concerns.

Europe Debates Wealth Taxes Amidst Fiscal Challenges

Several European nations are currently debating the implementation, adjustment, or abolishment of wealth taxes on high-net-worth individuals, driven by fiscal needs and social equity concerns.

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What are the broader implications and potential future trends regarding wealth taxation in Europe?

The varying approaches to wealth taxation across Europe reflect differing political priorities and economic realities. The ongoing debates highlight a growing focus on wealth redistribution and the potential impact of such policies on capital flight and economic competitiveness. Future trends may involve further adjustments to existing wealth taxes or the implementation of new ones, shaped by both national circumstances and broader European discussions.

liberation.fr

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Sep 17, 10:18

French Prime Minister Lecornu Meets with Opposition Amid Budgetary Tensions

French Prime Minister Sébastien Lecornu met with various opposition leaders on September 17th to discuss the 2026 budget, facing pressure from planned social protests and navigating potential censure.

French Prime Minister Lecornu Meets with Opposition Amid Budgetary Tensions

French Prime Minister Sébastien Lecornu met with various opposition leaders on September 17th to discuss the 2026 budget, facing pressure from planned social protests and navigating potential censure.

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What are the long-term implications of these budget negotiations and the political maneuvering surrounding them?

The outcome will shape the government's political stability and influence its policy trajectory in the years leading up to the 2027 elections. The debate highlights a tension between fiscal responsibility and social justice, with the wealth tax proposal and level of spending cuts central to this debate. The success or failure in finding a compromise could set a precedent for future budget negotiations and the government's relationship with the opposition.

smh.com.au

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Sep 16, 04:18

ATO Targets Unreported Gambling Winnings and Side Hustles

The Australian Taxation Office (ATO) is cracking down on unreported gambling income and other side hustle earnings, successfully using unexplained bank deposits as taxable income in recent Administrative Review Tribunal cases.

ATO Targets Unreported Gambling Winnings and Side Hustles

The Australian Taxation Office (ATO) is cracking down on unreported gambling income and other side hustle earnings, successfully using unexplained bank deposits as taxable income in recent Administrative Review Tribunal cases.

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How does the ATO's approach to proving unreported income affect taxpayers?

The onus of proof lies entirely with the taxpayer. The ATO only needs to show a balance of probabilities that the deposits are taxable, not beyond reasonable doubt. Taxpayers lacking irrefutable proof may face lengthy legal battles.

lemonde.fr

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Sep 14, 10:17

French Business Leaders Threaten Major Mobilization Against Proposed Tax Increases

The head of MEDEF, Patrick Martin, warned of a large-scale business mobilization if corporate taxes are raised in the 2026 budget, denouncing the proposed Zucman tax as "spoliation.

French Business Leaders Threaten Major Mobilization Against Proposed Tax Increases

The head of MEDEF, Patrick Martin, warned of a large-scale business mobilization if corporate taxes are raised in the 2026 budget, denouncing the proposed Zucman tax as "spoliation.

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Decent Work and Economic Growth

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What specific tax proposal is facing the strongest opposition, and why?

The Zucman tax on high net worth individuals is facing the strongest opposition. Business leaders argue that including business assets in the calculation, unlike the previous ISF wealth tax, would stifle investment and risk-taking, potentially leading to forced business sales, especially in sectors like technology.

smh.com.au

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Sep 11, 22:21

Australia's Wealth Inequality: A Deepening Divide

A new report reveals that wealth inequality in Australia is driven by the uneven distribution of housing and investment assets, impacting economic growth and social equity.

Australia's Wealth Inequality: A Deepening Divide

A new report reveals that wealth inequality in Australia is driven by the uneven distribution of housing and investment assets, impacting economic growth and social equity.

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What are the key findings of the report on wealth inequality in Australia?

The report highlights that the top 20% of Australian households hold nearly two-thirds of the nation's wealth, with an average of $3.25 million, compared to $36,000 for the bottom 20%. This extreme disparity is largely due to unequal distribution of housing and investment assets, particularly shares and investment properties.

fr.euronews.com

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Sep 19, 01:16

WHO Accuses Food, Alcohol, and Tobacco Industries of Blocking Health Policies

The World Health Organization (WHO) accused food, alcohol, and tobacco industries of intense lobbying to prevent the implementation of health-improving policies, citing this as the cause for stalled progress in reducing deaths from chronic diseases.

WHO Accuses Food, Alcohol, and Tobacco Industries of Blocking Health Policies

The World Health Organization (WHO) accused food, alcohol, and tobacco industries of intense lobbying to prevent the implementation of health-improving policies, citing this as the cause for stalled progress in reducing deaths from chronic diseases.

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Good Health and Well-being

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What are the consequences of these industries' actions on global health and what data supports this?

The WHO states that the stalled progress in reducing deaths from chronic diseases is partly due to these industries' actions. They project that a 50% tax increase on tobacco, alcohol, and sugary drinks over the next 10 years could prevent 50 million premature deaths in the next 50 years and generate $1 trillion in public funding over the next decade.

lexpress.fr

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Sep 18, 13:19

Widespread Protests in France over Economic Policies

On Thursday, approximately 20,000 people participated in nearly 400 protests across France, demonstrating against the government's economic policies, including austerity measures and the controversial pension reform.

Widespread Protests in France over Economic Policies

On Thursday, approximately 20,000 people participated in nearly 400 protests across France, demonstrating against the government's economic policies, including austerity measures and the controversial pension reform.

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How have the government's recent attempts at appeasement affected the protests?

The new Prime Minister's attempts to appease protesters by abandoning unpopular measures, such as eliminating two public holidays and lifetime benefits for former prime ministers, failed to quell the demonstrations. The protests continue, fueled by opposition to further cuts to unemployment benefits and social welfare programs, alongside broader concerns over tax policies and the pension reform.

lemonde.fr

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Sep 17, 10:18

French Government Negotiates 2026 Budget Amidst Social Unrest

On September 17th, French Prime Minister Sébastien Lecornu met with various political parties to discuss the 2026 budget, facing pressure from impending social protests and conflicting proposals on spending cuts and tax policies.

French Government Negotiates 2026 Budget Amidst Social Unrest

On September 17th, French Prime Minister Sébastien Lecornu met with various political parties to discuss the 2026 budget, facing pressure from impending social protests and conflicting proposals on spending cuts and tax policies.

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What are the immediate impacts of the upcoming budget negotiations on French society?

The negotiations will directly influence the level of public spending in France for 2026, impacting social programs and services. The outcome will also affect the planned reduction in public spending, a key point of contention between the government and opposition parties. Furthermore, the success or failure of the negotiations could trigger further social unrest.

napoli.repubblica.it

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Sep 14, 16:19

Piketty: Climate Transition Requires Wealth Redistribution

Thomas Piketty argues in Le Monde that climate preservation necessitates significant wealth redistribution, advocating for a fairer economic system and increased investment in education and healthcare to achieve both ecological and social goals.

Piketty: Climate Transition Requires Wealth Redistribution

Thomas Piketty argues in Le Monde that climate preservation necessitates significant wealth redistribution, advocating for a fairer economic system and increased investment in education and healthcare to achieve both ecological and social goals.

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What is the core argument presented by Thomas Piketty regarding climate change and wealth inequality?

Piketty contends that climate preservation is inextricably linked to reducing wealth inequality. He asserts that without substantial inequality reduction, environmental protection is unattainable, advocating for a new economic system prioritizing education and healthcare.

taz.de

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Sep 13, 01:18

Germany's "Aktivrente" Plan Faces Criticism Over Cost and Inequity

Germany's planned tax break for retirees working part-time, called "Aktivrente," is facing criticism due to its high cost and potential inequities, with estimates ranging from €770 million to €2.8 billion in annual tax revenue loss.

Germany's "Aktivrente" Plan Faces Criticism Over Cost and Inequity

Germany's planned tax break for retirees working part-time, called "Aktivrente," is facing criticism due to its high cost and potential inequities, with estimates ranging from €770 million to €2.8 billion in annual tax revenue loss.

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What are the long-term societal and political consequences of the "Aktivrente"?

The "Aktivrente" could exacerbate intergenerational tensions, sparking debates about fairness if younger workers see their income fully taxed while older generations receive tax breaks on supplementary income. Its effectiveness in encouraging significantly more older individuals to work is questionable, as many already work in tax-exempt mini-jobs.

theguardian.com

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Sep 9, 19:19

CBI Urges UK Chancellor to Abandon Labour's No Tax Hikes Pledge

The CBI chief executive, Rain Newton-Smith, has urged the UK chancellor to disregard Labour's manifesto commitment not to raise taxes on working people, citing changed economic circumstances since the pledge was made.

CBI Urges UK Chancellor to Abandon Labour's No Tax Hikes Pledge

The CBI chief executive, Rain Newton-Smith, has urged the UK chancellor to disregard Labour's manifesto commitment not to raise taxes on working people, citing changed economic circumstances since the pledge was made.

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What are the potential ramifications of both adopting and rejecting the CBI's proposal?

Adopting the CBI's proposal could allow the Chancellor to meet fiscal targets but may breach Labour's manifesto commitments and potentially damage the party's reputation. Rejecting the proposal risks a significant revenue gap, potentially impacting public services and economic stability.

Showing 1 to 12 of 276 results