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Taxes

Europe News

Germany's Merz announces sweeping reforms in key breakthrough

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Business

EU proposes tax overhaul to cut business costs by €8 billion a year

The reform would reduce the compliance burden for businesses and facilitate cross-border payments.

Culture news

Ana Duato’s tax fraud acquittal overturned

The actress was acquitted in the ‘Nummaria’ case, but the tax authorities appealed the ruling. Her husband, producer Miguel Ángel Bernardeau, will also have to be retried.

Economy

What's left of a €100,000 salary after tax across Europe?

Eastern Europe generally offers higher take-home pay on a €100,000 gross salary, whereas Western and Northern Europe tend to show lower net figures at this income level. Tax calculations are complex, and Euronews Business provides approximate estimates.

Business

New filing shields Trump and his family from IRS tax audits

The US Department of Justice has released an additional filing linked to the Trump-IRS settlement, preventing the federal agency from pursuing existing tax audits involving the US president, his family and affiliated businesses.

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Culture news

Shakira wins lengthy legal battle over Spanish tax authorities

Pop star Shakira is celebrating victory after a Spanish court annulled a hefty tax penalty imposed in 2011 claiming she failed to declare her residence in Spain. The singer has published a statement in which she says "there was never any fraud".

Europe Today

Which European countries have the most teenage entrepreneurs?

Around 69,000 EU entrepreneurs are under 20. The Netherlands and Italy lead the pack — a positive sign for Rome, amid gloomy youth employment rates.

Europe News

Euroviews. Opinion: Europe is subsidising its way into a deeper energy crisis

Energy crisis: Governments should replace blanket tax cuts and price caps with direct income transfers for vulnerable households, liquidity support and non-earmarked tax credits for exposed sectors, writes Judith Arnal, State Economist in Spain, in an opinion piece for Euronews.

France

French former hostage In Iran faces surreal tax troubles after release

Former French hostage in Iran, Benjamin Brière, said his release did not end his ordeal, as he struggled with taxes, benefits and reintegration back home.

Europe News

EU considering excessive profit taxes on oil and gas companies

The European Commission is considering taxing windfall profits, similar to the mechanism applied in 2022 during the natural gas crisis. The plea came from five EU countries, which also called for the tax to be expanded to foreign profits dealing with fossil fuels.

Economy

Richest 0.1% hide more wealth than the poorest half of humanity owns

The world's ultra-rich have stashed around $2.84 trillion (€2.47tn) in untaxed offshore accounts, a figure that surpasses the combined wealth of the bottom 50% of the human population, according to a new report.

Business

NYC’s 'ghost' skyscrapers where the ultra-rich park their wealth

Billionaires’ Row, a cluster of luxury residential skyscrapers near the southern end of Central Park in New York City, is seemingly abandoned, according to estimates from established real estate firms.

Health news

WHO warns low taxes on sugary drinks and alcohol pose health risks

Low taxes, which are not in line with inflation, are ineffective in reducing alcohol or sugary drink consumption, the World Health Organization warns.

Business

Spanish start-up calls for shake-up of VAT refunds for tourists

After four decades of selling tourists “tax-free” shopping that is really a slow, partial VAT refund, Spanish fintech STAMP is campaigning to flip the model so non-EU visitors never pay the tax at the till.

Business

The 0.001% super-rich own triple the wealth of poorer half of humanity

From wealth hoarding and tax breaks for billionaires to unpaid care work and climate damage, the World Inequality Report paints a picture of an economic order tilted towards a tiny ultra-wealthy minority.

Business

Money talks, but is Spain listening? Unpacking Madrid's tax policy

As Europe doubles down on a competitiveness drive, experts warn that Spain’s tax policies could be hitting growth.

Economy

Alcohol prices in Europe: Which countries are the most expensive?

Alcohol prices differ widely across Europe, often because of taxes used to reduce alcohol-related harm.