corporate-tax
Top StoriesGerman Tax Authorities Should Show Leniency to Households, Firms Amid Energy Crisis – Letter
Top StoriesFactbox-The UK’s Top Tax Rate – What Is It and Why Does It Matter?
Top StoriesInstant View: British Pound up as Govt Makes U-Turn on Tax Cut Plan
Top StoriesUK Cabinet Was Not Informed of Plans to Scrap Top Rate of Tax, Truss Says
EU Heads for Deal on Energy Windfall Levies, Edges Towards Gas Price Caps
Date: September 29, 2022
By Kate Abnett BRUSSELS (Reuters) -European Union countries are poised to approve a package of emergency measures including windfall profit levies on energy companies on Friday, at a meeting where states will also lock horns over whether to cap gas prices. The 27 EU member countries are negotiating measures proposed by Brussels last week to...
Russian Oil and Gas Sector Braces for Tax Hikes of Over $60 Billion in 2023-2025
Date: September 28, 2022
MOSCOW (Reuters) – The Russian government has proposed more than $60 billion in tax increases for the oil and gas industry in 2023-2025, the biggest such rises in the country’s history, as it seeks to plug its budget gap, according to a document published on Wednesday. One of the heftiest burdens was slapped on Kremlin-controlled...
Ireland Aims to Ease Cost of Living Squeeze With ‘two Budgets in One’
Date: September 27, 2022
By Padraic Halpin DUBLIN (Reuters) -Ireland will deliver what ministers have called two budgets in one on Tuesday, making higher than usual spending increases and tax cuts while also helping firms and consumers pay soaring energy bills and putting funds aside if they need more help. As one of the few European Union countries set...
German Tax Revenues Fall in August for First Time This Year
Date: September 22, 2022
BERLIN (Reuters) – Federal and state government tax revenues fell in Europe’s biggest economy during August for the first time this year, the finance ministry said on Thursday. In its monthly report, the ministry said the tax take was down 2.6% to 54.21 billion euros ($53.52 billion) year-on-year compared with a 0.3% increase in July....
EU Windfall Tax Would Cost TotalEnergies More Than 1 Billion Euros – CEO
Date: September 21, 2022
By Benjamin Mallet and Silvia Aloisi PARIS (Reuters) -TotalEnergies is likely to face more than 1 billion euros in additional levies if a European Union scheme to impose extra taxes on oil and gas companies is approved, the French energy company’s CEO said on Wednesday. A debate is raging in European countries over whether oil...
Dutch to Spend $16 Billion to Cushion Effects of Inflation -Media
Date: August 31, 2022
AMSTERDAM (Reuters) – The Dutch government plans to spend around 16 billion euros ($15.97 billion) next year in an effort to help people pay rocketing bills for energy and food, Dutch media reported on Wednesday. The higher expenditures will be mainly covered by hiking wealth and corporate taxes, with a special levy on oil and...