EU VAT in the Digital Age (ViDA) Proposal | Tax Foundation Europe Skip to content Home • Blog • The European Union’s ViDA Proposal: Ignoring Principles Does Not Make Tax Policy Fairer discuss the EU’s VAT in the digital age (ViDA) proposal once again after Estonia’s veto on 14 May. The updated ViDA proposal, published … Read more
(June 21): The US Supreme Court upheld a 2017 tax on American-owned businesses’ foreign profits, rejecting an appeal that could have saved companies hundreds of billions of dollars.Voting 7-2, the justices said Congress has the constitutional power to tax people and companies on their share of undistributed corporate income, at least when it comes to … Read more
The threats fired against Cyprus this week by Hezbollah leader Hassan Nasrallah, as far-fetched as they may seem, should not be taken lightly. The Shia cleric and leader of the militant group commands considerable influence in almost everything that happens in Lebanon, from politics to the economy and national defence. Apart from securing vast amounts … Read more
Labour could have stealth plans to raise Capital Gains Tax (CGT), the CEO of a leading independent financial advisory and fintech warned, after Labour soared ahead in polls, positioning Sir Keir Starmer’s party for a landslide victory on July 4. This means analysts are ramping up scrutiny on how it is to fund its ambitious … Read more
Democrats are forging plans to raise tax rates on companies and wealthy individuals next year if they hold the White House and win control of both houses of Congress, as the party’s leaders increasingly see tax policy as a winning issue on the campaign trail.Senate Finance Committee Democrats met Thursday to discuss President Donald Trump’s … Read more
The EURUSD faces selling pressure in Friday’s European trades due to multiple headwinds. The major currency pair declined to a six-week low near 1.0670 as the Euro weakened after downbeat Eurozone preliminary PMI data suggested the economy is losing momentum. The HCOB PMP report, produced by S&P Global, shows that the Composite PMI unexpectedly declined to … Read more
As loyal Vault readers know, the lead-up for Washington to confront the expiring Trump tax cuts at the end of 2025 is in full swing. That’s already playing out at full speed in the lobbying world, giving a hint of the frenzy to come and the money on the line next year. Big business groups are springing into … Read more
The EURUSD pair weakened near 1.0730, snapping the three-day winning streak during early European trading on Thursday, with the upside for the pair seeming limited as investors are worried about political uncertainty in the Eurozone. Investors will closely watch the preliminary Eurozone and US Purchasing Managers Index (PMI) for June, which are due on Friday. … Read more
Former President Donald Trump last week spoke to CEOs about cutting the corporate income tax rate. President Joe Biden, in contrast, wants to increase the rate. Because Trump’s announcement came before the Business Roundtable, it’s being interpreted as pandering to corporate America. That’s fair enough. But Biden’s counter — a higher corporate tax rate — … Read more
The Oregon Capitol in Salem. (AP Photo/Jenny Kane, File) PORTLAND, Ore. – Oregon voters will likely decide in November whether to establish a historic universal basic income program that would give every state resident roughly $750 annually from increased corporate taxes.Proponents of the concept say they likely have enough signatures to place it on the ballot … Read more