Politics & Economics News

EU Approves Italian COVID-19 Tax Breaks

by Ulrika Lomas, Tax-News.com, Brussels

Friday, July 3, 2020

The European Commission has approved under state aid rules four Italian tax schemes to support companies and self-employed workers affected by the coronavirus outbreak. Read Full Story

France Provides SMEs With More COVID-19 Tax Relief Measures

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, June 25, 2020

The French Government has presented to the Council of Ministers a third amendment to the Finance Bill for 2020, which provides additional support for businesses affected by the COVID-19 outbreak. Read Full Story

Czech Republic May Delay Digital Tax And Lower Rate

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, May 28, 2020

The Czech Government is considering whether to delay the introduction of a proposed tax on the provision of digital services and alter its design. Read Full Story

International Organizations Tracking COVID-19 Policies

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, May 28, 2020

The International Monetary Fund has collated information on the tax and non-tax policy responses of some 193 jurisdictions to COVID-19. Read Full Story

Austria Urged To Lower Labor Tax Burden

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 17, 2020

The IMF has welcomed the Austrian Government's efforts to lower personal income taxes but said that the labor tax burden remains high. Read Full Story

IMF Proposes Reforms For Belgium

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 3, 2020

Belgium should look to broaden its tax base to fund labor tax reductions, the International Monetary Fund has said in its annual report for the country. Read Full Story

Switzerland Reports Bumper Tax Receipts For 2019

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 3, 2020

Higher tax receipts helped Switzerland to another surplus in 2019, with withholding tax and direct federal tax performing particularly well. Read Full Story

South Africa Enacts 2019 Tax Bills

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, January 27, 2020

On January 15, 2020, three tax bills were made law to give effect to measures announced in South Africa's 2019 Budget. Read Full Story

IRS Issues Estate Tax Regulations

by Mike Godfrey, Tax-News.com Washington

Monday, December 2, 2019

On November 22, 2019, the United States Internal Revenue Service issued final regulations confirming that individuals taking advantage of the increased gift and estate tax exclusion amounts in effect from 2018 to 2025 will not be adversely impacted after 2025 when the exclusion amount is scheduled to drop to pre-2018 levels. Read Full Story

Hungarian Government Submits Tax Bill

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 15, 2019

On November 12, 2019, Hungary's Ministry of Finance announced that it has submitted to parliament the seventh and final part of its Economic Action Plan, which includes various tax measures. Read Full Story

Italian Government Approves Draft Budget

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 18, 2019

On October 16, 2019, the Italian Council of Ministers approved the draft Budget law for 2020, which will prevent an automatic rise in the rate of value-added tax, and includes further measures designed to combat tax avoidance and evasion. Read Full Story

Greek 2020 Budget Submitted

by Ulrika Lomas, Tax-News.com, Brussels

Friday, October 11, 2019

On October 7, 2019, the Greek Ministry of Finance presented to parliament the 2020 Budget, which includes numerous tax cut measures announced recently by Prime Minister Kyriakos Mitsotakis. Read Full Story