Search Results for: taxes

Taxes on polluting fuels are too low to encourage a shift to low-carbon alternatives

This article is brought to you in association with OECD. Taxing polluting sources of energy is an effective way to curb emissions that harm the planet and human health, and the income generated can be used to ease the low-carbon transition for vulnerable households. Yet 70% of energy-related CO2 emissions from advanced and emerging economies are […]

Reforms in a few countries drive a decline in average OECD labour taxes

This article is brought to you in association with OECD. Income tax and social security contributions declined slightly for the average worker across the OECD in 2018, driven by major reforms in a handful of countries, according to a new OECD report. Taxing Wages 2019 shows that the “tax wedge” – total taxes on labour costs […]

High internet taxes are restricting access and slowing economic growth

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Oren Pinsky, Project Coordinator, Internet for All, Latin America, World Economic Forum Geneva & Sebastian Cabello, Head, Latin America, GSMA Using the internet is expensive for most of the world’s population. Africans spend 17% of their average income […]

Tax revenues continue increasing as the tax mix shifts further towards corporate and consumption taxes

This article is brought to you in association with OECD. Tax revenues in advanced economies have continued to increase, with taxes on companies and personal consumption representing an increasing share of total tax revenues, according to new OECD research. The 2018 edition of the OECD’s annual Revenue Statistics publication shows that the OECD average tax-to-GDP ratio […]

Finland has just published everyone’s taxes on ‘National Jealousy Day’

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Johnny Wood, Writer, Formative Content Ever been curious about a colleague’s earnings? Every year on November 1st, people in Finland get the chance to find out when the government publishes the taxable income of all its citizens. Dubbed […]

Trade, taxes and other takeaways from Li Keqiang’s speech to the World Economic Forum

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Ross Chainey, Digital Media Specialist, World Economic Forum The basic principles of free trade should be maintained and unilateral trade actions will not solve any problems, Chinese Premier Li Keqiang said in a speech at the World Economic […]

European Commission: Does Apple, Starbucks and Fiat really pay their taxes?

The European Commission (EC) decided two days ago to conduct an investigation which will focus on the tax affairs of Apple, Starbucks and Fiat Finance and Trade in Ireland, the Netherlands and Luxembourg respectively. Basically, EC’s purpose is to examine if the tax authorities of the aforementioned countries are in line with the rules of […]

European Union: More taxes out of less income

In the fourth year of the ongoing financial and real economy crisis, with government social spending severely cut and bank credit to households and businesses continuously shirking, tax increases remain the only sure thing in life. According to a study by two Eurostat authors, Elisabeth Joossens and Laura Wahrig, taxes in absolute terms surpassed the […]

Why Italy is doing much better than you think

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Francesco Daveri, Professor of Macroeconomics and Director of Full-time MBA program, SDA Bocconi School of Management & Gianmario Verona, Rector, Bocconi University Investors can find good opportunities in Italy – despite its economic reputation. Political instability doesn’t translate […]

The gateway to carbon pricing? Air pollution policy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Oliver Harman, Cities Economist, International Growth Centre & Ondine Berland, Masters Student and Research Assistant, Paris School of Economics Buying carbon is too cheap and easy. ‘Gateway tax’, focussing on air pollution, could be initial step. Outdoor air […]

3 steps to strengthen Europe’s competitiveness in the digital age

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Peter Lochbihler, Global Director, Public Affairs, Booking.com Europe’s economic advantages include cultural diversity, an educated workforce and public services to support a stable and prosperous business environment. The Digital Single Market (DSM) can help traditional industry sectors take […]

Three trends shaping the future of mobility in 2020

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Michelle Avary, Head of Automotive and Autonomous Mobility, World Economic Forum The cost of owning private vehicles will rise. Citizens’ demands for inclusive mobility are growing in volume. More public-private partnerships will form to address mobility issues. As […]

Can agroforestry save India’s rivers and the farms that depend on them?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: JV Sadhguru, Founder, Isha Foundation The very origins of Indian civilization can be found on the banks of rivers such as the Sindhu, the Sutlej, and the long-lost Saraswati. In southern India, human societies flourished near the Krishna, […]

Is corporation tax good or bad for growth?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jane McCormick, Partner; Global Head, Tax, KPMG & Christopher Morgan, Head of Global Tax Policy, KPMG Business requires a stable society to which it should contribute. Business pays taxes on production, people, property and environmental impact, as well […]

Here are 5 new green laws coming into force in 2020

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content We have just 10 years left to tackle the climate crisis, according to the UN. More countries are introducing laws to help end practices harmful to the environment. Plastic and pollution are […]

Booking.com commits to align practices presenting offers and prices with EU law following EU action

This article is brought to you in association with the European Commission. Following dialogue with the European Commission and national consumer authorities, Booking.com has committed to make changes in the way it presents offers, discounts and prices to consumers. Once these new changes are fully applied by Booking, consumers should be better able to make informed […]

Nicaragua: MEPs demand an end to repression of political opponents

This article is brought to you in association with the European Parliament. MEPs urge the Nicaraguan government to end the ongoing crackdown on opposition voices and call for dialogue between the country’s political forces to resume. In a resolution adopted on Thursday, MEPs urge the Nicaraguan government to end the persistent repression of dissent, torture and […]

Green deal for Europe: First reactions from MEPs

This article is brought to you in association with the European Parliament. MEPs convened in a plenary session to discuss with Ursula von der Leyen and Frans Timmermans the roadmap to a climate-neutral continent. Following Parliament’s recent declaration of a climate emergency, Commission President von der Leyen unveiled the Commission’s plans to achieve climate neutrality in […]

India: step up reform efforts to increase quality jobs and incomes

This article is brought to you in association with OECD. India is set for a modest recovery after a loss of momentum, as reforms to simplify taxation, lighten business regulations and upgrade infrastructure start to bear fruit. Further reforms to modernise the economy are now needed to drive the creation of high-quality jobs, as well as […]

Tax revenues have reached a plateau

This article is brought to you in association with OECD. Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis. The 2019 edition of the OECD’s annual Revenue […]

November infringements package: key decisions

This article is brought to you in association with the European Commission. Overview by policy area In its monthly package of infringement decisions, the European Commission pursues legal action against Member States for failing to comply with their obligations under EU law. These decisions, covering various sectors and EU policy areas, aim to ensure the proper […]

The Fourth Industrial Revolution is redefining the economy as we know it

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Katica Roy, CEO, Pipeline The Fourth Industrial Revolution (4IR) upends current economic frameworks. Who makes money – and how – has changed. Demographics have changed. Even the skills that brought our society to where we are today have […]

International community has achieved unprecedented success fighting offshore tax evasion

This article is brought to you in association with OECD. On 26-27 November, the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) in Paris will bring together more than 500 delegates from 131 member jurisdictions for renewed discussions on efforts to advance the tax transparency […]

National parks give a $6 trillion boost to mental health worldwide

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content There is a link between visiting protected outdoor areas like national parks, and improved mental health and well-being. Spending as little as two hours per week outdoors can be beneficial to one’s health […]

EU launches WTO challenge against Indonesian restrictions on raw materials

This article is brought to you in association with the European Commission. Today, the EU has brought a dispute in the World Trade Organization (WTO) against Indonesian export restrictions for raw materials used in production of stainless steel. These restrictions unfairly limit access of EU producers to raw materials for steel production, notably nickel as well […]

Pushing for tax fairness in a digital world

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Marcello Estevão, Global Director, Macroeconomics, Trade & Investment, The World Bank Every two days, a unicorn is created. I’m referring, of course, not to the mythical animal but to the hugely successful startup companies that are less than 10 […]

Africa: Urgent action needed to mobilise domestic resources as tax revenues plateau

This article is brought to you in association with OECD. The average tax-to-GDP ratio for the 26 countries participating in the new edition of Revenue Statistics in Africa was unchanged at 17.2% for the third consecutive year in 2017. This was lower than the averages for Latin America and the Caribbean (LAC) at 22.8% and for the OECD at […]

Making the most of our ‘extra time’ – for ourselves and society

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Camilla Cavendish, Contributing Editor and Weekly Oped Columnist, FT Weekend, The Financial Times Group This is an extract of Camilla Cavendish’s book Extra Time: 10 Lessons for an Ageing World. In 2018, a Dutchman began a court battle to […]

Austria: reforms will be necessary to uphold high well-being levels

‌ This article is brought to you in association with OECD. Austria stands out for its high levels of economic and social well-being. Preserving these will require reforms to improve competition in the service sector, increase access to risk capital for firms of all sizes, encourage more women and migrants into the workforce and lengthen work […]

Colombia is a Latin American success story, but must pursue new reforms to achieve stronger and more inclusive growth

      Colombia’s economy is resilient and appears well equipped to navigate a challenging external environment dominated by protectionism and uncertainty, but it must pursue new reforms to make growth stronger and more inclusive, according to a new report from the OECD. The latest OECD Economic Survey of Colombia discusses how boosting productivity through […]

Global economy: ‘we must do everything possible’ to avoid global ‘fracture’ caused by US-China tensions, urges Guterres

This article is brought to you in association with the United Nations. Tensions around global trade and technology continue to rise and the international community needs to “do everything possible” to prevent the world being split into two competing spheres, led by the United States and China. That was the message from UN Secretary-General António Guterres on […]

‘Alarmingly high’ number of children malnourished worldwide: UNICEF report

This article is brought to you in association with the United Nations. Across the globe, at least one-in-three children under-five are malnourished and not developing properly, UNICEF revealed on Tuesday, in its most comprehensive report on children, food and nutrition in 20 years. “An alarmingly high number of children are suffering the consequences of poor diets and […]

How India’s government can build better contracts with blockchain

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Punit Shukla, Project Lead, Artificial Intelligence and Machine Learning, World Economic Forum, C4IR India According to Milton Friedman, the 1976 Nobel Laureate for economics, the three primary functions of a government are law and order, defence, and contract enforcement. […]