tax

Faced with the risk of sinking and an economy crowding out local residents, Venice last month launched a measure that was as ambitious as it was controversial: a so-called “tourism tax” on day trippers. But after a few weeks, the floating…

UK government borrowing rose to £20.5 billion in April, its highest level in three years. This increase was driven by a growing benefits bill and a decline in tax revenues following reductions in National Insurance…

Yesterday, the Attorney General agreed to publish a new voluntary disclosure procedure that will enable Israelis who have so far hidden their wealth from the state and not paid taxes to file a report and pay the tax they…

Chancellor of the Exchequer Jeremy Hunt has pledged further tax cuts in the autumn, stressing that the UK economy has “turned a corner”.In an attempt to clarify the differences before the next election, Hunt accused Labor of planning to…

After losing twice in the protracted 'huge marshmallow' tax case, HMRC has announced its intention to lodge another appeal.Last month, the High Tax Court upheld a lower court ruling that “jumbo marshmallows” sold by…

A Nigerian court ruling today (Friday) has paved the way for Binance CEO Tigran Gambaryan to stand trial on behalf of the cryptocurrency exchange in the ongoing tax evasion case. Along with Gambarian, a US citizen and head of financial…

An anti-tax advocacy group with ties to billionaire Jeff Yass and shipping magnate Richard Uehlin is vying for a new round of corporate tax cuts if Donald Trump wins a second term in the White House. The Club for Growth Foundation, whose…

The Kenya Revenue Authority (KRA) has recorded its highest deficit in tax collection from employees despite the introduction of two new tax bands targeting top earners, even as the Treasury expects the tax collector to miss this…

Interest earned on future infrastructure bonds with a term of at least three years will for the first time attract a withholding tax at the rate of five per cent if proposals in the Finance Bill 2024 are passed through Parliament.…

A 1.5% digital services tax will be imposed on local platforms offering online jobs, rental, food delivery and ride-hailing services, if Parliament approves a proposed revenue-raising proposal by the National Treasury. In the Finance…