Klingbeil Proposes Scrapping €1,080 Tax-Free Staff Discounts, Angering Coalition
Economy

Klingbeil Proposes Scrapping €1,080 Tax-Free Staff Discounts, Angering Coalition

A draft tax-reform bill would end the annual tax-free allowance for employee discounts, saving Germany €240 million a ye...

Niamh O'Sullivan 👁 52 💬 0
France's IGF and Igas Propose €4.2bn in Family Policy Cuts
Politics

France's IGF and Igas Propose €4.2bn in Family Policy Cuts

A government spending review published in July proposes changes to housing aid, family allowances and tax breaks that co...

Sinead Brennan 👁 44 💬 0
Chile, Latin America's Top-Rated Sovereign, Faces Fresh Downgrade Risk Over Tax Cuts
Economy

Chile, Latin America's Top-Rated Sovereign, Faces Fresh Downgrade Risk Over Tax Cuts

Fitch warns Chile's recent tax cuts may not deliver the growth needed to offset lost revenue, leaving the 2027 budget as...

Niamh O'Sullivan 👁 45 💬 0
Ifo Chief Proposes Scrapping Reduced VAT on Staples, Compensating Low Earners with Cash Credits
Personal Finance

Ifo Chief Proposes Scrapping Reduced VAT on Staples, Compensating Low Earners with Cash Credits

Clemens Fuest wants Germany to replace the 7% reduced VAT on food and other goods with the full 19% rate, paired with an...

Shira Katz 👁 31 💬 0
Lula Government Weighs Scrapping CNPJ and Invoice Rules for Nanoentrepreneurs
Economy

Lula Government Weighs Scrapping CNPJ and Invoice Rules for Nanoentrepreneurs

The Brazilian administration is reconsidering a decree that forced nanoentrepreneurs—informal workers earning up to R$40...

Niamh O'Sullivan 👁 30 💬 0
French Economists Propose Broader Income Tax Base and Flat Withholding Rate to Fix Public Finances
Economy

French Economists Propose Broader Income Tax Base and Flat Withholding Rate to Fix Public Finances

Guillaume Allègre and Xavier Timbeau argue France must tax currently exempt revenues to fund growing climate and demogra...

Niamh O'Sullivan 👁 42 💬 0
Colombia's 2027 Budget Slashes Roads and Education, Faces COP 30 Trillion Financing Hole
Economy

Colombia's 2027 Budget Slashes Roads and Education, Faces COP 30 Trillion Financing Hole

The Petro government's COP 575.6 trillion spending plan for 2027 cuts infrastructure and education sharply yet still has...

Niamh O'Sullivan 👁 27 💬 0
Colombia's Tax Break Cost Hits 8.9% of GDP as New Finance Chief Plans to Kill Reform
Economy

Colombia's Tax Break Cost Hits 8.9% of GDP as New Finance Chief Plans to Kill Reform

Colombia's tax expenditures—exemptions, deductions and special rates—have ballooned to an OECD-warned 8.9% of GDP. The i...

Niamh O'Sullivan 👁 28 💬 0
Chile Tax Reform Could Lift M&A Valuations by 5%, Experts Warn
Companies

Chile Tax Reform Could Lift M&A Valuations by 5%, Experts Warn

A planned cut in corporate tax from 27% to 23% would increase after-tax cash flows and potentially lower the cost of cap...

Declan Byrne 👁 35 💬 0
Colombia's Tax Reform Plans to Raise Fuel VAT to 19% by 2028
Personal Finance

Colombia's Tax Reform Plans to Raise Fuel VAT to 19% by 2028

A new government bill would gradually lift VAT on gasoline and diesel from 5% to 19%, boosting public revenue while pote...

Shira Katz 👁 39 💬 0
Egypt Extends Tax Dispute Law, Offers Bookkeeping Relief for Small Firms to Tame Shadow Economy
Politics

Egypt Extends Tax Dispute Law, Offers Bookkeeping Relief for Small Firms to Tame Shadow Economy

The Egyptian Tax Authority is extending a dispute settlement mechanism, introducing simplified accounting for companies ...

Sinead Brennan 👁 44 💬 0