tax-administration
Top StoriesUK Oil Sector Secures Changes to Windfall Tax, Seeks More Amid Gov’t Chaos
Top StoriesSpain Readies New Tax on Electric Utilities’ Profits
FinanceMidlands Accountants Say Tax Reliefs Can Help With Spiralling Costs of Living
Top StoriesItaly Studies Multi-Billion Euro Package to Cut Taxes on Wages, Curb Energy Costs
Tech Firms Request Inclusion on Russia’s Domestic Software List -Rbc
Date: June 8, 2022
(Reuters) – Russian online lender Tinkoff and e-commerce firm Ozon are among a handful of companies with some foreign ownership seeking government approval to participate in state tenders and access preferential tax rates, the RBC newspaper reported on Wednesday. Companies with more than 50% Russian ownership can be included on Russia’s register of domestic software,...
FEATURE-Africa’s Mobile Money Taxes Risk Driving Poor Out of Digital Economy
Date: June 1, 2022
• Mobile money helps Africa’s poor access financial services • Continent accounts for 70% of transactions by value • Taxes seen pushing marginalised out of digital economy By Kent Mensah and Nita Bhalla ACCRA/NAIROBI, May 25 (Thomson Reuters Foundation) – Ghanaian grocery store owner Comfort Ankrah has had to rethink how she does business since...
China to Halve Purchase Tax for Small-Engine Cars
Date: May 31, 2022
SHANGHAI (Reuters) -China’s purchase tax for small-engine cars will be halved, the s Ministry of Finance said on Tuesday, in a move to boost auto sales and support an economy damaged by locked downs imposed in major cities to stamp out outbreaks of COVID-19 . The government will cut the tax for cars priced at...
UK Tax Plan Incentivizes Oil, Gas Producers to Pump More Fossil Fuels
Date: May 26, 2022
By Shadia Nasralla LONDON (Reuters) – The British government’s 5 billion pound ($6.29 billion) windfall tax plan for oil and gas producers includes an incentive for those producers to pump more fossil fuels, riling climate activists who had called for the tax. Tax bills for oil and gas producers, including the new additional 25% levy...
Factbox-What Is a Windfall Tax and When Has Britain Used It?
Date: May 26, 2022
LONDON (Reuters) – The British government is expected to announce a windfall tax on oil and gas companies on Thursday to help fund a package of support for households struggling with a cost of living squeeze. WHAT IS A WINDFALL TAX? A windfall tax is a one-off levy imposed on a company or a group...
Pandemic Pushes Spanish Workers Out of the Shadows
Date: May 9, 2022
By Belén Carreño and Gavin Jones MADRID/ROME (Reuters) – For decades, a cash-filled envelope – or “sobre” – was how hundreds of thousands of Spaniards working without legal contracts in tourism, agriculture or construction collected their salaries. COVID-19, however, may finally be putting paid to the “sobre”, economic data and workers’ experiences suggest – accelerating...