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Culture news

Tax turbulence: which celebs have fallen afoul of tax authorities?

With superstar Shakira accused of an alleged €14.5 million tax fraud, celebrities and their taxes are once again under the spotlight. But which stars have been found guilty of dodging tax?

Green News

Canada’s new ‘luxury tax’ targets supercars, yachts and private jets

As of September, Canada’s new ‘luxury tax’ will apply to privately owned high-value vehicles, aircraft and vessels.

Destinations

Costa Rica’s digital nomad visa is now open for applications

After an unexpected delay, travellers can now stay and work in this Central American country for up to a year.

Money

Russia approves crypto tax break to soften Western sanctions blow

Lawmakers in the Russian Duma have softened their stance on cryptocurrency and issuers of digital assets as sanctions by the West begin to bite.

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Economy

Hungary blocks EU deal on 15% minimum corporate tax

Budapest argues the new tax would deal a "low blow" for European competitiveness and put jobs at risk.

Travel News

'Pollution tax' hits tourists travelling to Barcelona on cruise ships

Planning a cruise to Barcelona? You will soon have to pay a brand new ‘pollution tax.’

Culture news

How European countries are taxing Netflix to invest in cinema

As Switzerland looks to approve a law forcing Netflix to invest 4 per cent of its revenue back into Swiss cinema, we look at how other European countries are bolstering their film industries through the streamers.

Green News

Profits made by fossil fuel firms could be temporarily taxed by the EU

The money the tax generates could be used to help consumers with rising bills and aid the transition to clean energy.

Culture news

Who is the most boring type of person in the world?

According to the new study by The University of Essex, the dullest hobbies were deemed to be religion, watching TV, bird watching and smoking.

World News

'World must demand the rich pay their fair share', say millionaires

"The world – every country in it – must demand the rich pay their fair share," millionaires from the US, UK, Germany, Canada, Denmark, Austria, the Netherlands, Norway, and Iran wrote in an open letter.

Money

Is France about to relax its rules on cryptocurrencies?

One young French politician is pushing to relax rules on taxing cryptos but others fear there are not enough investors to be worthwhile.

Tech News

What is the global minimum tax deal and what will it mean?

In a momentous decision, 130 countries have agreed to set a global minimum on corporate tax at 15 per cent. But what does that mean in practice?

World News

More than 130 countries agree on 15% global minimum corporate tax

From 2023, multinational corporations will have to pay taxes in countries where they operate - not just where they have their headquarters.

Europe News

Ireland agrees to set historical minimum corporate tax rate

Ireland has agreed to adopt a 15% minimum corporate tax rate after several months of negotiations with the OECD.

Spain

Spain to cut energy taxes amid anger over soaring electricity costs

PM Pedro Sánchez said that his government intends to scrap a 7% tax on power generation, among other measures.

Ireland

Macron speaks about global corporate tax rate in visit to Ireland

The OECD's global minimum corporate tax rate of 15% and Afghanistan were on the agenda during Emmanuel Macron's visit.

Europe News

US Treasury Secretary Yellen grateful EU paused digital tax plans

US Treasury Secretary Janet Yellen has welcomed the European Union's move to pause plans for a bloc-wide digital tax.

Europe News

Brussels presses pause on plans for an EU-wide digital tax

The decision coincides with a landmark OECD deal to reform the global tax system and the visit of US Treasury Secretary Janet Yellen.

Europe News

Ireland, Hungary & Estonia opt out of tax deal and jeopardise EU unity

The three countries, which represent around 4% of the EU's GDP, did not sign up to a landmark OECD technical agreement to overhaul the global tax system.

Destinations

How have the Balearic Islands avoided mass tourism?

After being labelled the party islands for years on end, the Balearics have taken back control and are using taxes to help rebuild.