tax

Top 15% of Italian Taxpayers Shoulder Over 63% of 2022 Income Tax Burden

A report presented to parliament on Tuesday said that 15.27% of Italy's taxpayers, the 6.4 million people who declared annual earnings of 35,000 euros or more, paid 63.4% of all…

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Italy to hunt tax dodgers on social media, deputy minister says

ROME, Jan 31 (Reuters) - Italy plans to use information on living standards that professionals and entrepreneurs post on social media to track down tax dodgers, Deputy Economy Minister Maurizio…

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Malta News Briefing – Thursday 28 September 2023

Morning Briefing Media group calls on Parliament to act on media billsParliament has been asked to establish a select committee tasked with listening to input from the public concerning media…

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Low-tax Switzerland votes on global minimum corporate tax rate

Swiss citizens vote this weekend on whether to raise business tax to 15% from an average of 11% to align with a global minimum tax rate, although even with the…

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Why taxing the world’s biggest companies at 15% won’t fix the gaping hole in global tax rules

Australia’s federal government has a plan to discourage companies from shifting profits to tax havens. The idea is to impose a “global minimum tax” on large Australian and foreign-owned companies…

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Belgium to tax private jets, short-haul flights

By Marine Strauss BRUSSELS, Dec 10 (Reuters) - Belgium will impose new taxes on older, noisier planes as well as private jets and short-haul flights in a bid to reduce noise and…

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Britain’s Labour vows to reintroduce top 45% rate of income tax

POOL, England Sept 25 (Reuters) - Britain's main opposition party leader Keir Starmer said on Sunday he would reintroduce the top rate of income tax to 45% after the government abolished the…

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Five big EU states to implement minimum corporate tax if no EU deal

PARIS, Sept 9 (Reuters) - The governments of France, Germany, Italy, Spain and the Netherlands said on Friday they would implement a global minimum corporate tax next year by "any possible legal…

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MEPs approve proposals on minimum corporate rate of 15%

MEPs on Thursday broadly approved the Commission proposal implementing into law the international agreement on a global minimum corporate tax rate of 15%. The report, authored by Aurore Lalucq (S&D,…

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UK Treasury prepares to launch online sales tax- The Telegraph

(Reuters) - British Finance Minister Rishi Sunak is stepping up plans for an online sales tax, the Telegraph reported on Sunday. Treasury officials have accelerated work on a new e-commerce…

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After Pandora Papers, EU says it plans new rules against tax avoidance

The European Commission will present by the end of the year new legislative proposals to tackle tax avoidance and tax evasion, the EU tax commissioner Paolo Gentiloni told the European…

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Higher taxes are coming and for markets, that could be a good thing

And so it begins: Taxes in the world's wealthiest countries are rising. Inevitable perhaps given the unprecedented COVID-era debt surge and, according to some investors, even a good thing if it helps…

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UK parliament backs Johnson’s tax hike plan

LONDON, Sept 8 (Reuters) - British lawmakers backed Prime Minister Boris Johnson's plan to raise taxes in a parliamentary vote on Wednesday, clearing the way to direct more funds into…

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EU set to propose aviation fuel tax

The European Commission has drafted plans to set an EU-wide minimum tax rate for polluting aviation fuels, as it seeks to meet more ambitious targets to fight climate change, a document seen by Reuters…

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After U.S. push, EU pauses tax plan, but Ireland sticks to its guns

The European Union has agreed to delay a corporate tax plan for the bloc following pressure from the U.S. administration and in a bid to facilitate a broader global tax…

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European Socialists welcome plans for global tax rate

The Party of European Socialists strongly welcomes the decision by G20 finance ministers to back plans for a global corporate minimum tax rate. The plan was supported by finance ministers…

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U.S. lobby groups write battle plan to beat Biden tax hikes

U.S. business lobbying groups cheered a bipartisan $1.2 trillion infrastructure deal, but are gearing up to fight the corporate tax hikes looming in a separate but linked spending bill that…

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Global corporate tax overhaul faces rocky road to completion

A long road strewn with potential political pitfalls lies ahead for countries seeking to end a race to the bottom on international corporate tax, even though 130 of them have…

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Malta: Rosianne Cutajar investigated for tax evasion since February

An investigation into tax evasion and the role Labour MP Rosianne Cutajar played in brokering a property deal in Minda for Yorgen Fenech has been ongoing since February, the Times of Malta has…

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Minimum tax on multinationals is just a foot in the door – Alfred Sant

Former Labour Leader and current MEP Dr Alfred Sant argued that the OECD-level agreement in favour of a common minimum tax on multinationals would be a metaphoric foot in the…

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Malta News Briefing – Sunday 6 June 2021

Update 1414 - Football in mourning Former Footballer, coach and pundit Edward Aquilina passed away on Sunday. TVM Update 1235 - Covid19 Update The number of active cases in Malta…

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EU reaches deal on tax transparency for multinational firms

European Union government and parliament negotiators reached a deal on Tuesday on rules that will force large multinational companies to disclose how much revenue and tax they pay in the…

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Britain welcomes U.S. commitment to tax on digital companies

Britain welcomes the United States' renewed commitment to reaching an agreement on how large digital companies are taxed, a spokesman for Prime Minister Boris Johnson said, adding such firms should…

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European Commission proposes new, ambitious business tax agenda

The European Commission has today adopted a Communication on Business Taxation for the 21st century to promote a robust, efficient and fair business tax system in the European Union. It sets out…

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Ireland pleads case for small countries as OECD moves towards global tax deal

DUBLIN, April 21 (Reuters) - A global deal overhauling how multinational companies are taxed is likely this year, an official overseeing the talks said on Wednesday, as low-tax Ireland called…

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Ireland says agreement on global minimum corporate tax rate still uncertain

Ireland's finance minister on Tuesday said it remains to be seen if states participating in the Organisation for Economic Cooperation and Development's (OECD) corporate tax talks can agree a global…

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Gaps in the exchange of tax data in the EU may encourage tax avoidance and evasion

There is still insufficient sharing of tax information between EU Member States to ensure fair and effective taxation throughout the Single Market, according to a new special report published today…

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Maltese Editors’ Perspectives

The Times of Malta reacts to news that Maltese MEPs are rejecting an EU proposal for a consolidated corporate tax base. It says these MEPs need to ease tensons betweeen…

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EP passes resolution urging member states to introduce rules obliging multinationals to disclose what taxes they pay

MEPs on Thursday adopted a resolution urging member states to work on long-overdue rules obliging multinationals to disclose what taxes they pay in each country. The resolution, adopted by 572…

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Lebanese goverment reverses plan to introduce WhatsApp tax after protests

After word got around in Lebanon that the government was planning to tax WhatsApp calls, thousands of people demonstrated in the streets of Beirut. The plan was to impose a…

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Italian tax evaders to have assets seized like Mafia members

A measure in a draft of a fiscal decree set to be linked to the government's 2020 budget bill would enable the tax authorities to seize the assets of people…

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Belgian tax authorities to give special attention to foreign bank account holders

The Belgian tax authorities have announced plans to pay special attention to the tax returns of residents who have bank accounts abroad. The measure is one of a set…

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EU finance ministers fail to agree to tax tech giants

No agreement was reached at a meeting of European Union finance ministers in Brussels regarding a plan a plan on the taxing of digital giants like Google and Facebook.…

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