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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.

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.

Italy

Protests in Venice following €5 tourist entry fee

The fee was introduced yesterday for daytime visitors to tackle overtourism in the city.

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.

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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.

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.

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.

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.

Travel News

Tourist tax: Lake Como plans introduction of Venice-style entry fee

This Italian lakeside city wants to impose a daily visitor fee.

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.

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.

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.

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.

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.

Economy

UK tax cut on the cards? Hunt raises hopes as inflation falls

With UK inflation falling to its lowest in more than two years in February, what are the potential implications for tax reductions?

Travel News

Why is Galapagos doubling its entry fee for tourists?

The changes will come into force in August.

Green News

Private jet owners could face huge tax hike under new Biden proposal

The tax increase on fuel for private jets has been cast as making wealthy pay their share.

Economy

UK Spring Budget: Chancellor cuts taxes as election looms

Jeremy Hunt, Britain's Chancellor of the Exchequer, has presented the Budget for his economic strategy - here are the key takeaways.

Destinations

Nature, restoration, residents: What are tourist taxes used for?

Dozens of tourist hotspots around the world now charge for entry. Here’s how some have been spending the millions they receive in revenue.

Economy

Norway transfers funds to Palestinian Authority after Israel standoff

The funds will allow the Palestinian Authority to pay teachers, health workers and other public sector employees.