Search Results for: taxes

State aid: Commission approves French scheme deferring payment by airlines of certain taxes to mitigate economic impact of coronavirus outbreak

This article is brought to you in association with the European Commission. The European Commission has found a French scheme deferring the payment by airlines of certain aeronautical taxes to be in line with EU State aid rules. The scheme aims at compensating airlines for part of the damage suffered due to the coronavirus outbreak, by […]

The Prime Minister of Spain on climate change, taxes and more

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joe Myers, Writer, Formative Content Pedro Sánchez outlined some of the major challenges Spain and rest of the world are facing. He touched on issues including climate change, gender equality and taxation. He reminded the audience that economic […]

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 […]

Here’s how a revamped wealth tax could fuel the COVID recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ibrahim Khan, Co-founder, IFG.VC and Islamicfinanceguru.com With COVID-19 support schemes increasing governments’ debt burdens, countries are in search of tax receipts. Wealth taxes mean the rich are taxed on the assets they own rather than their earnings. A […]

State aid: Commission approves €840 million German guarantee scheme to protect consumers and support the travel industry in the context of the coronavirus outbreak

This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, a German State guarantee scheme worth €840 million to cover vouchers issued by travel operators for cancelled travel packages booked prior to 8 March 2020. This scheme is in line with the objectives pursued […]

State aid: Commission approves €6 billion Italian schemes to support SMEs affected by coronavirus outbreak

This article is brought to you in association with the European Commission. The European Commission has approved three Italian schemes, with an overall budget of €6 billion, mainly consisting of incentives to the recapitalisation by private investors of small and medium-sized enterprises (‘SMEs’) affected by the coronavirus outbreak. The three schemes were approved directly under Article […]

State aid: Commission approves €10 billion Spanish fund to provide debt and capital support to companies affected by the coronavirus outbreak

This article is brought to you in association with the European Commission. The European Commission has approved Spanish plans to set up a fund (Solvency Support Fund) with a budget of €10 billion that will invest through debt and equity instruments in companies active in Spain affected by the coronavirus outbreak. The scheme was approved under […]

COVID-19 could widen the digital gap. Here’s what’s needed now.

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mauricio Ramos, Chief Executive Officer, USA, Millicom Inc. The COVID-19 global pandemic has led to a new reliance on digital infrastructure and connectivity. Now, more than ever, it is essential that governments and telecommunications providers work in unison […]

Excise duties: Commission welcomes agreement on rules governing alcohol

This article is brought to you in association with the European Commission. The Commission welcomes today’s agreement reached in the Council on the new rules governing excise duties on alcohol within the EU. This agreement paves the way for a better business environment and reduced costs for small alcohol-producing businesses. The agreed new rules will ensure […]

This is what chief economists think about the global economy right now

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: David Elliott, Senior Writer, Formative Content The World Economic Forum’s latest Chief Economists Outlook asks 40 chief economists for their views on the post-pandemic recovery. It identifies three key emerging challenges facing governments and business leaders. The crisis […]

Fair and Simple Taxation: Commission proposes new package of measures to contribute to Europe’s recovery and growth

This article is brought to you in association with the European Commission. The European Commission has today adopted an ambitious new Tax Package to ensure that EU tax policy supports Europe’s economic recovery and long-term growth. The Package is built on the twin pillars of fairness and simplicity. Fair taxation remains a top priority for the […]

State aid: Commission approves €150 million Austrian subordinated loan to compensate Austrian Airlines for damages suffered due to coronavirus outbreak

This article is brought to you in association with the European Commission. The European Commission has found an Austrian €150 million subordinated loan (convertible into a grant) in favour of Austrian Airlines AG to be in line with EU State aid rules. The measure aims at partly compensating the airline for the damages suffered due to […]

Remittances could fall by $100 billion because of COVID-19 – here’s why that matters

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Harry Kretchmer, Senior Writer, Formative Content Remittances – the money sent home by individuals to family and friends – are in crisis because of the global economic downturn. It comes after the total value of remittances reached $714 […]

To build a resilient world, we must go circular. Here’s how to do it

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Naoko Ishii, Chief Executive Officer and Chairperson, Global Environment Facility & Frans van Houten, Chief Executive Officer, Royal Philips The best way to build resilience against future pandemics and the impact of climate change is to move to […]

State aid: Commission approves €30 billion French subordinated loan scheme to support companies affected by the coronavirus outbreak

This article is brought to you in association with the European Commission. The European Commission has approved a €30 billion French subordinated loan scheme to support companies affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “The €30 billion French […]

State aid: Commission expands Temporary Framework to further support micro, small and start-up companies and incentivise private investments

This article is brought to you in association with the European Commission. The European Commission has adopted a third amendment to extend the scope of the State aid Temporary Framework adopted on 19 March 2020 to support the economy in the context of the coronavirus outbreak. The Temporary Framework was first amended on 3 April 2020 […]

8 steps towards a sustainable economic recovery

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gerard Reid, Founder and Partner, Alexa Capital & Clay Nesler, Vice-President, Global Sustainability and Regulatory Affairs, Johnson Controls & Christina Lampe-Onnerud, Founder and Chief Executive Officer, Cadenza Innovation & Claudia Vergueiro Massei, Chief Executive Officer, Siemens Oman & […]

After the George Floyd protests, what next for racial justice in the US?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Adwoa Bagalini, People Engagement, Diversity & Inclusion Lead, World Economic Forum From bail funds to college fees, crowdfunding is helping raise millions to support Black Lives Matter – but is it enough? Problems require structural reform: in 2016 […]

State aid: Commission approves €6 billion German measure to recapitalise Lufthansa

This article is brought to you in association with the European Commission. The European Commission has approved German plans to contribute €6 billion to the recapitalisation of Deutsche Lufthansa AG (DLH), the parent company of Lufthansa Group. The measure was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as […]

How nudge theory can help empty our plastic-filled ‘drawers of shame’

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Victoria Zuber, Global Shaper, Austin Hub The amount of plastic waste we generate has surged since the start of the pandemic. Many of us now have drawers filled with unused plastic cutlery we have received with takeaway orders. […]

Unemployment worries spike around the world as coronavirus remains top global concern

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Senior Writer, Formative Content Coronavirus remains top global concern in May, according to a monthly Ipsos poll.   But unemployment takes the place of COVID-19 as the chief worry in six countries. Concern about joblessness […]

Why business schools can’t “return to normal” after the COVID-19 pandemic

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Abdullahi Alim, lead for the World Economic Forum’s Global Shapers community in Africa Entire sectors need to reimagine a more equitable post-COVID world order. This includes business schools, which train the very talent required to steward a more […]

4 ways governments can support start-ups and save their economies

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Marc Penzel, Founder and President, Startup Genome & JF Gauthier, Founder and CEO, Startup Genome Without startups like Zoom, WhatsApp, and Slack, the world would probably be less productive today, or worse, lonelier. Thanks to the technology these […]

Why the evolution of blockchain reliability is critical to protecting your digital assets

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Amy Steele, Audit & Assurance Partner, Deloitte & Touche LLP The existence of digital assets is dependent on the reliability of the blockchain. Understanding key vulnerabilities can help better assess blockchain reliability. Much has been said in recent […]

Sovereign wealth funds could increase equality in a post-COVID world

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Cody Feldman, Programme Specialist, International Political Economy, World Economic Forum Expanding sovereign wealth funds could drive forward a sustainable agenda and lift economies. Dividends or returns would be distributed in a similar form to Universal Basic Income. Tax […]

How a 3-point plan could help rebuild business for the long-term

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Bandar Hajjar, President, Islamic Development Bank Micro, small and medium enterprises were hit hard by COVID-19. Recovery will take a multi-prong effort that spans immediate and long-term needs. The scale of the COVID-19 outbreak reveals that we are […]