Now playing Next Economy Germany announces €23 billion tax cuts to help inflation-hit household The coalition government set aside week's of disagreement to agree the tax cuts package. However, the move has already seen a considerable backlash, with opposing political parties arguing that tax cuts will heap yet more pressure on Germany’s already strained budget. 06/06/2024
Now playing Next Economy €25 a pack: Does raising prices actually stop people smoking? France's Senate wants a 5% annual increase in cigarette prices until 2040, a proposal designed to discourage smokers. 04/06/2024
Now playing Next Business Facing the music: French listeners will pay more for Spotify The platform is passing on its tax burden after the French government introduced a levy to support the nation’s music industry. 29/05/2024
Now playing Next Travel News Swiss village considers daytripper tax to curb overtourism The fee would not apply to those who arrive by public transport. 24/05/2024
Now playing Next Travel News Venice earns €1 million in first 11 days of daytripper entrance fee Some news websites have run articles explaining how visitors can avoid paying the new fee. 21/05/2024
Now playing Next Business UK taxpayers left on hold for 800 years, says spending watchdog In a damning report, the UK's public spending watchdog - the National Audit Office (NAO) found HM Revenue & Customs' (HMRC) customer service was "in a declining spiral" and had not met its goals for responding to taxpayer correspondence or telephone calls for several years. 16/05/2024
Now playing Next Markets French companies share buyback was on record in 2023. But why? French companies are buying back their shares like never before. Reportedly, the French government is planning to tax these buybacks. 29/04/2024
Now playing Next Italy Protests in Venice following €5 tourist entry fee The fee was introduced yesterday for daytime visitors to tackle overtourism in the city. 26/04/2024
Now playing Next Green News These three European countries are backing a billionaire wealth tax Campaigners say the tax will cover around half of annual loss and damage costs from climate disasters. 25/04/2024
Now playing Next Travel News Venice entry fee: Here's when and how much you'll have to pay in 2024 Venice has rolled out a tourism tax to try to stop overcowding on peak weekends. 25/04/2024
Now playing Next Travel News Venice fines tourists who don’t pay city entrance fee But some locals aren’t convinced the entry fee or the associated fines will have any positive impact on local residents. 25/04/2024
Now playing Next Business The 'pink tax': Why is women and men's purchasing power so different? The "pink tax" is a little-known phenomenon that occurs on certain sale items which can have a surprisingly frustrating effect on consumers. 23/04/2024
Now playing Next Green News Belgium issues ultimatum over energy tax reform A revision of a law setting minimum levies for fuels and electricity promised to bring an end to the era of tax-free energy for airlines and ship operators, but reform has been stalled for years, with EU governments unable to agree on how to update the 20-year-old Energy Taxation Directive. 22/04/2024
Now playing Next Travel News Tourist tax: Lake Como plans introduction of Venice-style entry fee This Italian lakeside city wants to impose a daily visitor fee. 19/04/2024
Now playing Next Business How can businesses spend smarter in the new tax year? Forward-thinking businesses can leverage a variety of artificial intelligence tools in the new tax year to save costs, as well as make more provisions for unexpected expenses. 18/04/2024
Now playing Next Business A European country wins top slot in a best-to-do business poll Countries from Europe, the Middle East and Africa were judged across nine categories, including fair and predictable tax, governance, availability of skilled workers, and public health and sustainability. 09/04/2024
Now playing Next Travel News Venice day trippers face steep fines if they don’t pay new entry fee From the end of April 2024, visitors must pay an entry fee. 05/04/2024
Now playing Next Economy Here's how you can save tax in the UK before the 5 April deadline Individual savings accounts (ISAs) are some of the best and most efficient ways to save tax before the end of the financial year. 04/04/2024
Now playing Next Travel News All the countries where you have to pay a ‘tourist tax’ in 2024 From the Algarve to Barcelona, fees are being introduced to try and combat overtourism. 01/04/2024
Now playing Next Economy Where in Europe do you pay the lowest capital gains tax? Capital gains tax goes from 0% to 42% depending on which country houses the investment in Europe. 22/03/2024