This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Letzing, Digital Editor, Strategic Intelligence, World Economic Forum When West Germany needed to rebuild after World War II, it knew where to find a ready supply of financing. The 50% wealth tax, or “burden sharing act” that […]Could a wealth tax ever be a workable climate fix?
June 23, 2023 by 1 Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Letzing, Digital Editor, Strategic Intelligence, World Economic Forum When West Germany needed to rebuild after World War II, it knew where to find a ready supply of financing. The 50% wealth tax, or “burden sharing act” that […]Corporate taxation: Commission proposes tax incentive for equity to help companies grow, become stronger and more resilient
May 12, 2022 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today proposed a debt-equity bias reduction allowance, or DEBRA, to help businesses access the financing they need and to become more resilient. This measure will support businesses by introducing an allowance that will grant to equity the same tax treatment […]Delay is over: Work begins to shine spotlight on where companies pay their taxes
March 5, 2021 by Leave a Comment
This article is brought to you in association with the European Parliament. Four years after Parliament adopted its position on draft legislation on public country-by-country reporting, EU governments come to the table to negotiate a deal. On Thursday, Parliament’s lead negotiators, Evelyn Regner (S&D, AT) and Ibán García Del Blanco (S&D, ES), were officially given the […]‘Trickle-down’ tax cuts don’t work, study says
January 13, 2021 by Leave a Comment
This article is brought to you in association with the European Commission. A study claims that taxing the richest less doesn’t strengthen economies and worsens inequality.London-based academics have analysed 50 years of growth, income and employment data covering 18 countries.The study comes as governments are considering raising taxes to repair the economic damage of COVID-19.Billionaires have […]International community has achieved unprecedented success fighting offshore tax evasion
November 27, 2019 by Leave a Comment
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 […]Pushing for tax fairness in a digital world
November 21, 2019 by Leave a Comment
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 […]Taxes on polluting fuels are too low to encourage a shift to low-carbon alternatives
September 23, 2019 by Leave a Comment
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 […]International community agrees on a road map for resolving the tax challenges arising from digitalisation of the economy
May 31, 2019 by Leave a Comment
This article is brought to you in association with OECD. The international community has agreed on a road map for resolving the tax challenges arising from the digitalisation of the economy, and committed to continue working toward a consensus-based long-term solution by the end of 2020, the OECD announced today. The 129 members of the OECD/G20 […]Reforms in a few countries drive a decline in average OECD labour taxes
April 12, 2019 by Leave a Comment
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 […]Asian and Pacific economies: decreases in tax revenue highlight need to broaden tax bases
November 29, 2018 by Leave a Comment
This article is brought to you in association with OECD. The fifth edition of Revenue Statistics in Asian and Pacific Economies – released today – shows that tax-to-GDP ratios fell in most of the 16 Asian and Pacific economies covered by the report between 2015 and 2016 due to a combination of policy reforms and decreasing […]Deutsche Bank again in the middle of the US-EU economic skirmishes
September 22, 2016 by Leave a Comment
The US government is reacting in many ways against the fine in back taxes of €13 billion which the European Commission imposed on Apple. Firstly, Jack Lew, the American Secretary of the Treasury, accused the EU of grabbing tax incomes which belong to the US. On 31st August he said, “What’s not appropriate is for, […]Brexit mission impossible: Theresa May was so desperate that had to appoint Boris Johnson as Foreign Secretary
July 15, 2016 by Leave a Comment
It’s been only three weeks since the EU referendum and Britain seems to be already changing dramatically. Theresa May has already become the second woman Prime Minister in the UK’s history after Margaret Thatcher and following the resignation of David Cameron last Wednesday. The Former Home Affairs Secretary has started now forming the new government in the […]South Eurozone urgently needs fairer distribution of taxation burden
February 20, 2014 by Leave a Comment
Eurostat, the EU statistical service, published last week data on the evolution of tax revenues for the EU member states. A first reading reveals two very interesting developments. Both are connected to the economic crisis which hit Eurozone in 2009-2010. In 2010 tax revenues decreased as a result of the crisis. However, despite the fact […]European Union: More taxes out of less income
April 1, 2013 by Leave a Comment
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 […]
