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Economy

G7 'exploring' how to tax Russian frozen assets to aid Ukraine

Seven of the world’s strongest economies, including the US, are exploring how to tap the profits from frozen Russian assets to help Ukraine, ravaged by war.

Economy

Regulating gambling: Brazil could kill its ‘golden egg’ betting market

After more than 70 years of prohibiting gambling, Brazil is regulating the market. But some fear the move might just kill “one of the best market opportunities”.

Economy

Housing crisis: Portugal will end special tax regime for new residents

To tackle the shortage of affordable housing, the government has decided to end a 10-year tax relief scheme for new residents

Economy

World's first carbon border tariff is launched in Europe

The Carbon Border Adjustment Mechanism will generate billions of euros in taxes for Brussels' general budget. But not just yet.

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Travel News

Americans abroad: US plans to drop citizenship renunciation fee

US plans to drop fee from $2,350 to $450 as expats say they are ‘forced against their will’ to maintain citizenship.

Economy

It's time to buy property in the UK, but there's a catch

With prices falling by more than 5% in the year to September, this could be the moment to invest in real estate.

Travel News

New tourist tax will soon make visiting Iceland more expensive

The Nordic country wants to protect its 'unspoilt nature' from overtourism with a new nightly fee.

Travel News

Spanish cruise outrage as ‘all-inclusive’ drinks come with a cost

Norwegian Cruise Line's ‘Free at Sea’ drinks deal comes with a catch in Spanish waters.

Economy

ECB criticises Italy's bank windfall tax plan

The widespread application of the tax would particularly harm "credit institutions that have lower solvency positions or are more focused on lending activity ... or have challenging capital projections," according to the ECB.

Ukraine

Euroviews. Is Ukraine's tax policy worse than corruption?

Can you imagine how the economy of any major Western country would perform if one had to gather a heap of documents for every transaction, just to prove your good intentions, Dmytro Boyarchuk writes.

Economy

US targets millionaires to claw back millions of dollars in taxes

The IRS wants to show positive results from its burst of new funding under President Joe Biden's administration, as Republicans in Congress look to claw back some of that money.

Green News

Tax fossil fuels to fund climate action, African leaders say

The declaration says no country should ever have to choose between development aspirations and climate action.

Climate

Why are flights cheaper than trains in Europe?

Train travel is often more expensive than flying. Could taxing aviation to invest in the rail industry help change that?

Italy

Shares in Italian banks recover after windfall tax is capped

The surprise announcement of a new tax had sent share prices plunging.

Italy

European stocks dip as Italy hits banks' profits with 40% windfall tax

European shares dropped on Tuesday morning as the market considers a new tax introduced by the Italian government targeting extra profits.

Travel News

This Spanish pilgrimage spot could soon introduce a tourist tax

“I want Santiago de Compostela to stop being just a tourist destination and a theme park,” mayor says.

Green News

Could a carbon tax on luxury items be fairer and more effective?

Researchers found that applying a carbon tax on luxury goods would be a “fairer” way to reduce emissions.

Culture news

Culture Re-View: Lady Godiva rides through Coventry

On this day in 1040, the historical figure is said to have ridden on horseback through the streets of Coventry in order to gain a remission on harsh taxes imposed by her husband, Leofric, the Earl of Mercia.

Green News

Here’s why Austria is our Green country of the month

Renewable energy, carbon taxes and public transport are top of the agenda for Austria.

Green News

Tax the rich: Will France force the wealthy to fund its climate plan?

Suggestions on how to fund the climate transition from a recent report have been criticised by the French government.