United States President Donald Trump took to Truth Social on Friday to say that he would be ok with the taxes on the rich being boosted. "Republicans should probably not do it, but I'm OK if they do!!!," he commented."The problem with even a 'TINY' tax increase for the RICH, which I and all others...
United States President Donald Trump took to Truth Social on Wednesday to share his hopes that Congress will concur to pass long-term tax reform per the proposed budget framework."I hope the House and Senate are able to agree on making the Tax Cuts PERMANENT!," the head of state shared on...
The Spanish lower house of parliament approved a new tax targeting banks on Thursday, focusing on their interest margins and commissions. Unlike the extraordinary tax in place during 2023 and 2024, which raised €1.7 billion this year, the newly introduced tax will remain effective for three years,...
German Chancellor Olaf Scholz confirmed on Wednesday that the country's snap election will be held on February 23, 2025.Speaking before the Bundestag, Scholz also confirmed the parliament's vote of confidence in his government following the collapse of the so-called traffic light coalition will...
The White House released on Monday United States President Joe Biden's proposal for the country's budget in the fiscal year 2025.
In the 188-page document sent to Congress for review, Biden stated that his proposal "improves the Nation's fiscal outlook and reduces long-term fiscal risks by...
Brazilian lawmakers have voted to repair the country's tax system, the Financial Times reported.
Secretary for Economic Policy at the Ministry of Finance Guilherme Mello told the media outlet that "with this reform, we will have a modern tax system. It is a huge step for Brazil."
According to the...
Spanish Economy Minister Nadia Calvino stated during her arrival at the Ecofin meeting on Friday that if a deal is not reached today, the agreement on the reform of the European Union's Stability and Growth Pact could be extended to an extraordinary meeting.
"We have made very significant...
French Economy and Finance Minister Bruno Le Maire stated on Friday that France is ready to reach a deal on the new EU fiscal rules by the end of the year.
"We have made essential progress," Le Maire told the press ahead of today's session. "It should be possible to reach an agreement before the...
German government confirmed on Thursday in a statement that the approved electricity package will result in a tax relief of €12 billion for the manufacturing industry in the following five years by dropping the current tax from €15.37 per megawatt-hour (MWh) to €0.50/MWh.
On the matter,...
Germany reportedly approved on Thursday an electricity price package to relieve around 350 companies in the sector from taxation, Handelsblatt wrote, quoting governmental sources.
The agreement will mean a tax reduction of over €10 billion during the next year for those companies and was...
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