Tag: tax
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Japan likely reaped record tax revenues last year, sources say
TOKYO, July 2 : Japan’s tax revenue likely exceeded 84 trillion yen ($516.92 billion) in fiscal 2025 to hit a record for the sixth straight year, two government sources said on Thursday.The increase may help Prime Minister Sanae Takaichi’s administration reduce its reliance on fresh debt issuance to fund big
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Israel withholds billions in Palestinian tax revenue
In the occupied West Bank, Israel withholds billions in tax revenues it collects on behalf of the Palestinian Authority — money that makes up the bulk of the PA’s budget. Salaries go unpaid and basic services break down.
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Barcelona proposes to nearly triple tourist tax on cruise passengers
The hiked fee would only apply to cruises that make port calls and spend less than 12 hours docked.
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How inflation undermines Nigeria’s sugar tax
Nigeria’s sugary drinks tax was meant to stop rising diabetes rates, but soaring inflation has eroded its impact. Experts say the levy is too small to change behavior and urge higher rates and reforms.
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Venice entry fee could be hiked to €50 under new proposal
The council is also evaluating whether to extend the fee to the entire year, or perhaps include more dates.
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Japan moves toward first-ever consumption tax cut, adds to fiscal strain
TOKYO, June 17 : Japan is moving toward temporarily cutting its consumption tax on food to 1 per cent in what would be the first effective reduction of its kind, further straining its already worsening finances. The proposal, presented by a senior executive of the ruling Liberal Democratic Party (LDP) to a ke
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Trump ballroom cost soars to €516m with half coming from taxpayers
The project began last year when Trump, with little warning and without consulting Congress, tore down the entire historic East Wing of the White House.
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Trump threatens 100% tariff on French wines over digital tax
Washington and Paris are facing renewed trade tensions as the US president targets France’s levy on large technology firms ahead of the G7 summit.
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Greece to tax gains from crypto, sources say
ATHENS, June 5 – Greece is preparing legislation to impose a 15 per cent capital gains tax on cryptocurrencies, two government officials with knowledge of the issue told Reuters on Friday.Greece doesn’t have a comprehensive legal framework for taxing cryptocurrencies, and European Union countries don’t have a
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Meta accuses Australia of breaching FTA, invokes US ‘trade action’
SYDNEY, June 4 : Meta accused Australia of violating a free trade agreement with the U.S. by proposing a new tax on certain tech giants which do not strike licensing deals with local media, escalating a dispute which has simmered for half a decade.The $1.6 trillion Facebook and Instagram owner said a proposal
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