Tag #Taxation

elpais.com
🌐 75% Global Worthiness
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Spanish Economists Criticize New Bank and Energy Taxes

Spain's General Council of Economists criticizes new taxes on banks and energy companies, starting in 2025, citing a lack of economic justification and concerns over legal uncertainty and the potential demonization of profitable businesses. The tax on energy companies may not even pass parliamentary...

Progress

52% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Canadian Retirement & Housing Market Challenges in 2024

The 2024 Canadian financial landscape features an OAS clawback affecting 500,000 people (8.3% of recipients), low CPP survivor benefits ($323.05 average), high TFSA penalties ($1,461.18 average), new capital gains tax changes, and fluctuating housing markets influenced by mortgage rates and unemploy...

Progress

40% Bias Score

Reduced Inequality
news.sky.com
🌐 75% Global Worthiness
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Retailers Unite Against Planned Business Rate Hikes

Major British retailers are forming the Retail Jobs Alliance (RJA) to fight planned business rate increases exceeding £500,000, warning of job losses and store closures, especially in deprived areas, contradicting Labour's stated aim to level the playing field between high street and online retailer...

Progress

60% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
🌐 75% Global Worthiness
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UK Inheritance Tax Receipts Hit Record High

UK inheritance tax receipts totaled £5.7 billion from April to November 2024, a £600 million increase year-on-year, driven by rising house prices, a frozen tax threshold, and recent government policy changes; this contributed to a £15 billion rise in overall tax receipts.

Progress

40% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Australia Faces \$21.8 Billion Budget Deficit, Higher Taxes, and Service Cuts Imminent

Australia's mid-year economic and fiscal outlook reveals a \$21.8 billion budget deficit over four years, driven by increased spending and sluggish growth, necessitating tax increases and service cuts without fiscal reform; a surplus is not projected until 2034/35.

Progress

44% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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UK Entrepreneurship: Booming Registrations Despite Economic Headwinds

The UK's entrepreneurial ecosystem shows record-high business registrations and VC funding, but faces challenges from Brexit, increased taxes, and rising labor costs, with the government attempting to balance fiscal responsibility and growth-friendly policies.

Progress

40% Bias Score

Decent Work and Economic Growth
allafrica.com
🌐 75% Global Worthiness
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Zimbabwe's ZCTU Declares 2024 a Disaster for Workers, Threatens 2025 Action

The Zimbabwe Congress of Trade Unions (ZCTU) declared 2024 a disastrous year for workers due to low wages (US$300 vs. poverty datum line of over US$500), hyperinflation, failing healthcare, and government's punitive tax reforms, including taxes on fast food, betting, and plastic bags, hinting at pot...

Progress

56% Bias Score

No Poverty
fr.allafrica.com
🌐 65% Global Worthiness
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Rufisque Faces Budget Crisis After 2019 Tax Reform

Rufisque's budget plummeted from 1.4 billion CFA in 2020 to 17 million CFA in 2024 due to a 2019 tax reform affecting local economic contributions; the city is now seeking alternative funding through partnerships like one with SOCOCIM to continue essential development projects.

Progress

56% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Bill Seeks to End U.S. Income Tax for Americans Abroad

U.S. Representative Darin LaHood introduced a bill to eliminate income tax obligations for Americans living abroad, potentially benefiting hundreds of thousands of dual citizens, particularly in Canada, by reducing costly compliance burdens, though concerns remain about preventing tax evasion by hig...

Progress

40% Bias Score

Reduced Inequality
elmundo.es
🌐 85% Global Worthiness
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Spanish Government Suffers Major Setback on Energy Tax

The Spanish parliament rejected the government's proposed tax on large energy companies, a €1.1 billion revenue loss, exposing deep divisions within the ruling coalition and highlighting its weak parliamentary majority.

Progress

64% Bias Score

Affordable and Clean Energy
taz.de
🌐 65% Global Worthiness
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Germany's Winter Election: Holiday Timing and Unfulfilled Promises

Germany's upcoming federal election, scheduled for winter instead of the usual late summer, has sparked public debate due to the timing's potential disruption of holiday traditions. However, the election's timing could also affect the way parties present their platforms, particularly for the Green a...

Progress

60% Bias Score

Reduced Inequality
t24.com.tr
🌐 75% Global Worthiness
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Turkey Probes Price-Fixing, Tax Evasion in Multiple Sectors

Turkey's Treasury and Finance Ministry launched an investigation into sectors raising prices despite stable costs, focusing on tax evasion and cartel-like behaviors; the probe analyzes five years of data, comparing domestic and international prices, and will share findings with other agencies.

Progress

40% Bias Score

Reduced Inequality