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Economy

Personal average tax rates in Europe: Increases and cuts in 2024

The tax burden on workers, composed of income tax and social security contributions, varies widely across Europe. In 2024, this burden changed significantly in some countries, with notable rises and falls.

Economy

UK house prices slow in April as market digests stamp duty changes

While housing prices are expected to be softer in the near future, buying activity is likely to pick up pace as summer progresses, with expectations of further BoE rate cuts also estimated to support this trend.

Economy

UK house prices drop in March linked to change in stamp duty rules

The average property price fell by an average of £1,575 (€1,843) month-on-month, although the total recorded a 2.8% annual rise.

Business

Trump puts an end to tax exemption for low-value Chinese imports

Chinese online retailers such as Temu and Shein had been taking advantage of a little-known tax exemption, known as the de minimis provision, to sell their products at very low prices in the US.

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Economy

Republicans move ahead with Trump’s tax break bill and spending cuts

Critics are concerned that tax cuts may be implemented at the expense of key social services, such as healthcare and childcare support.

Tech News

Should the EU reconsider Big Tech taxes to avoid US wrath?

Tax or tariffs? Officials in the UK and Poland are debating what they should do regarding proposed and passed digital sales taxes to potentially avoid new US trade barriers.

Economy

UK considers switching up tech company taxes to sidestep US tariffs

Currently, the UK is impacted by Trump’s 25% tariffs on all imports of steel and aluminium into the US. Washington has also implemented tariffs against Canada, Mexico and China.

Travel News

Visitors to London may soon pay extra as tourism tax gains traction

British officials estimate that a 5 per cent tourist tax could generate €285 million annually for London.

Travel News

Could a steep increase in Bali’s tourist tax deter unwanted visitors?

Other destinations, including Venice and Barcelona, have seen mixed results from raising tourism taxes.

Travel News

Tourist tax protest: Welsh attractions to close on St David’s Day

Welsh tourist attractions are preparing to fly flags at half mast or even close their doors entirely in protest of the Welsh tourist tax.

Travel News

All the tourist taxes, restrictions and bans in Europe in 2025

From taxes in Portugal to Airbnb bans in Spain, we explain all the rules that could affect your 2025 European holiday.

Economy

UK alcohol tax to jump from 1 February in new blow to industry

The UK’s alcohol sector is still struggling to recover from the lingering effects of the pandemic, as well as changing consumer preferences.

Economy

Spain calls for 100% tax charge on property bought by non-EU buyers

Spain is planning to bring in strict legislation for property purchases in an attempt to control the country's rapidly escalating housing crisis, which has left residents complaining of being unable to afford to buy or rent a property.

Earth News

Richest 1% burn through their annual carbon budget in just 10 days

Climate campaigners are calling for wealth taxes on the top 1 per cent to limit their pollution and pay for damages.

Economy

Which are the best European countries to invest in property in 2025?

From the average rental yield to property taxes, a recent report studied all the elements to find out where the best location is to invest in property in Europe.

Economy

Trump's economic agenda: Why is the Irish economy in danger?

US trade tariffs are "one of the biggest near-term risks to the Irish and European economies", according to experts.

Europe in Motion

These EU countries have the highest tax-to-GDP ratio

Tax-to-GDP ratio has seen a slight decline across the EU in 2023. However, trends varied significantly amongst different countries.

EU Decoded

EU DECODED: Pros and cons of tariffs on Chinese electric vehicles

The first episode of this programme that aims to decode the European Union (EU) legislative process explains why the European automotive industry is at a critical crossroads. Will tariffs on Chinese electric vehicles help competitiveness or trigger a trade war?

Economy

French government unveils unprecedented budget cuts for 2025

The draft budget plan will be under intense scrutiny by the EU Commission after Brussels formally warned France of its excessive budget deficit back in June.

Economy

France’s new PM Barnier confirms tax hikes for larger companies

Michel Barnier, France's new prime minister, has confirmed that taxes for bigger companies and richer citizens will be raised, in an attempt to plug the growing hole in the country's public finances.