taxes
Ahead of European elections in June, Euronews asked voters to name one proposal they would implement if elected to the European Parliament, and questioned candidates about their pledges. Watch the video above to find out more.
Euronews (English)
"Nothing is certain except death and taxes," American statesman Benjamin Franklin told scientist Jean-Baptiste Le Roy back in 1789. While both dying and filling the state coffers are, to varying extents, pretty unavoidable, a "tax on death" is much less of a foregone conclusion. Inheritance tax is considered to be the first modern tax to have spread widely. By the early 20th century, more than 60 countries had introduced it, generally to raise cash for wars or to weather lengthy recessions. Inheritance tax was once out of favourTowards the end of the century, the levy had fallen out of favour....
Euronews (English)
Charities Avaaz, WeMove and Oxfam were joined by several young activists to highlight wealth inequality outside the European Parliament in Brussels. Protesters used an inflatable jet in order to draw attention to the lavish lifestyles of the super-rich. According to a report from Oxfam published in April this year, EU governments are losing out on €286.5 billion in revenue annually due to their failure to adequately tax the rich. The amount equals out to roughly €33 million per hour. Julian Desiderio, a policy advisor on tax and inequality at Oxfam Belgium told Euronews, "If we are able to hav...
Euronews (English)
The cost of living crisis currently sweeping across Europe is affecting most people in one way or another - but single people are potentially being hit the worst. Being single can be great for you, however, it could also come with a steep price tag. According to finance and insurance company Ocean Finance, UK singletons pay about £3,195.24 (€3,739.8) every year, on things such as rents, mortgages, utilities and more. UK and European single people have, over the past few years, been hit with disproportionately increasing costs compared to couples or families. This has led to the rise of a coine...
Euronews (English)
The UK’s public sector net borrowing, excluding public sector banks, hit a new record surplus in January 2024, the highest since monthly records started being maintained in 1993, according to the Office for National Statistics. Public sector net borrowing, not including public sector banks, saw a surplus of about £16.7 billion in January, which was more than twice January 2023’s surplus of £7.5 billion. However, it was still a just below analyst expectations of £18.7 billion. Total public sector receipts inched up by 3.4%, coming in at £119.5 billion, primarily due to increases in income tax, ...
Euronews (English)
Hawaii has long been a ‘bucket list’ destination for travellers the world over - but it’s also well known for having suffered from overtourism in recent years. Back in 2022, the island state in the Pacific begged visitors to stop coming in such huge numbers, saying thousands of tourists - especially from the US - were making the islands’ roads, beaches and restaurants practically unusable, especially for locals. That cry appeared to fall on deaf ears, especially since the first TV series of The White Lotus shone even more light on the tropical state as a desirable destination. Enough is now en...
Euronews (English)
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