The new French government, led by Minister of Economy Éric Lombard, aims to implement €50 billion in budget cuts and consider new taxes on corporate profits and airline tickets. The efforts are intended to address a public deficit expected between…
The Independent Authority for Public Revenue (AADE) in Greece has detailed its accomplishments in 2024, highlighting advances in digital transformation, tax compliance, and organizational reform. The report indicates a significant increase in tax revenue and a reduction in VAT gaps,…
The Independent Authority for Public Revenue (AADE) in Greece has launched its Strategic Plan for 2025-2029, aiming for enhanced efficiency in tax collection and administration. Key goals include automated tax refunds within 30 days, digital request completion within 24 hours,…
Greece’s Finance Ministry spokesperson, Όμηρος Τσάπαλος, announced plans for substantial tax reductions and income support measures aimed at benefiting citizens from 2025. Over €1.5 billion will be allocated for permanent tax cuts and income boosts, including targeted exemptions for low-income…
Greece faces significant economic challenges in 2025, focusing on rising inflation, housing affordability, and revenue generation. The government aims to limit inflation to 2.1% while increasing wages and pensions by 3.4%. New subsidy programs and tax reliefs are planned for…
The Independent Authority for Public Revenue (AADE) in Greece has announced the implementation of the TAXIS project, marking a significant shift in tax administration. The new Unified Integrated Tax Information System aims to streamline processes, enhance transparency, and support entrepreneurship…
Greek Prime Minister Kyriakos Mitsotakis emphasizes the importance of continuous income improvement and tax reductions as central to the government’s economic strategy for 2025. In recent interviews, he outlines key government objectives including income enhancement, inequality reduction, and job creation,…
After more than seven years of debate, the Swiss National and Council of States have reached an agreement to eliminate the Eigenmietwert tax on primary and secondary residences. Despite the consensus, implementation is pending, and opponents of the reform may…
Following a recent confidence vote, German Chancellor Olaf Scholz and his coalition partners plan to push forward various legislative measures. Key issues include reforming the Federal Constitutional Court, extending Bundeswehr missions, and addressing child benefits and tax reforms. However, significant…
In a recent interview, Panagiotis Liargovas, President of the Centre for Planning and Economic Research, discussed the Greek government’s 2025 budget, emphasizing its stabilizing and developmental aspects. He highlighted ongoing issues such as overdependence on indirect taxes and challenges in…
Starting January 1, 2025, Italy’s unemployment benefit, Naspi, will be available to individuals who resign voluntarily from their permanent jobs, provided they have at least 13 weeks of contributions. The budget proposal continues to evolve with amendments addressing concerns from…
The Dutch government has postponed the implementation of a new tax system for savings and investments (box 3) until 2028 due to severe criticism from the Council of State. In the interim, a tax increase will target individuals with investments…
