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Travel News

Want to move to Spain? New tax is about to make it much more expensive

Pressure on Spain’s housing market has been exacerbated by overtourism and the proliferation of short-term holiday rentals.

Travel News

Edinburgh tourist tax set at 5% of accommodation costs

The fee will be capped at seven consecutive days and is scheduled to come into force in 2026.

Partner content

Shaping a sustainable and safe future at the Zakat, Tax and Customs Conference 2024

Partner content presented by ZATCA

Officials and experts from around the world gathered in Riyadh on December 4-5 to attend the 2024 edition of the conference organised by the Zakat, Tax and Customs Authority (ZATCA).

Europe News

Governments remain deadlocked over energy taxation reform

The European Commission wants to hike levies on fossil fuels as it seeks to radically cut carbon emissions — but EU members remain divided even if a proposed kerosene levy seems to have fallen by the wayside.

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Travel News

Mexico set to increase cruise ship passenger taxes to fund the army

Cruise holidays to Mexico will get more expensive as one of the world’s busiest ports plans to add a passenger tax.

United Kingdom

Thousands of UK farmers protest against inheritance tax hike

Organisers urged protesters not to bring farm machinery into central London, though some tractors drove past Downing Street covered with signs saying “the final straw” and “no farmers, no food.”

Green News

'The final straw': UK farmers protest against government tax hike

Until now, the UK has not seen farmers' protests like those that have hit other European countries.

Green News

‘Tax the mega rich’: Who could foot the COP29 climate bill?

“It makes common sense to tax mega polluters and the mega-rich to ensure that we have the money needed for climate action at home and globally” according to one campaigner.

Economy

G20 billionaire wealth tax plans face resistance

G20 leaders are meeting in Brazil on Monday and Tuesday to agree on a global tax on the world’s 3,300 richest individuals, which could raise up to $250 billion.

Travel News

Where in Europe has the highest - and lowest - air passenger taxes?

French pilots are calling for a strike over rising taxes. But what do air passenger taxes mean for your wallet?

Culture news

Luc Besson in favour of government’s higher taxes for wealthiest

The filmmaker behind films like 'Leon' and 'The Fifth Element' states that he is in favour of the French government’s announcement regarding a “temporary and exceptional contribution” for the wealthiest households. “Shame on those rich people" he said of those who opposed the measure.

Economy

UK Treasury chief Rachel Reeves unveils £40bn tax hikes in budget

UK Treasury chief Rachel Reeves unveils budget with £40bn in tax hikes and says she'll "invest, invest, invest".

Europe News

EU to hike VAT on Airbnb, Uber after Estonia drops veto

The Baltic nation had repeatedly blocked an attempt to impose up to 25% value-added tax on online platforms offering short-term rentals and ridesharing.

EuroVerify

Fact check: Does Monaco pay zero taxes?

Social media posts claim that Monaco has much better-maintained streets compared to neighbouring France despite charging no taxes.

Economy

French lawmakers vote in favour of new tax on wealth of billionaires

A majority of lawmakers supported the proposition from the far-left LFI party, despite warnings from the incumbent government.

Green News

Fossil fuel company car subsidies cost EU taxpayers €42bn a year

Subsidies for petrol and diesel company cars cost EU taxpayers €42bn a year, study finds.

Economy

Fancy a beer? Where in Europe will you have to pay the most tax on it?

The EU requires member states to levy a minimum excise duty on beer but the majority of countries actually charge more.

Living

Frequent flyer tax would punish the rich to tune of €64bn per year

A levy would keep flights cheap for occasional flyers while making multiple flights in a year much more expensive.

Business

‘Jet set’ tax call for Europe’s frequent flyers could raise billions

A UK-based think tank has called for a frequent flyer tax which could potentially raise billions of Euros. The New Economics Foundation (NEF) says the plans would apply to air passengers across Europe.

Economy

Italy's budget 2025: Breaks for low-income earners and bank levy

Presenting next year's budget, the Italian government seeks to honour election promises while also satisfying EU demands.