taxes

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

Source: en.wikipedia.org

As Windfall Tax Calls Grow, ECB Warns of Impact on Cost of Credit
As Windfall Tax Calls Grow, ECB Warns of Impact on Cost of Credit
November 07, 2022  |  Taxes

As British Prime Minister Rishi Sunak’s government attempts to move on from the short-lived Truss tenure, all signs point toward a major realignment of the...

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Report: India’s Proposed Tax Changes May Impact Crypto Exchanges
Report: India’s Proposed Tax Changes May Impact Crypto Exchanges
November 02, 2022  |  Cryptocurrency

Proposed changes to the way income taxes are filed in India reportedly may affect people holding cryptocurrencies or virtual digital assets, those with investments in...

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UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
November 01, 2022  |  Banking

Due to interest rate hikes by the Bank of England (BoE) this year, all four of the largest U.K. banks — HSBC, Barclays, NatWest and...

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Credit Suisse Settles French Tax Case for $235M
Credit Suisse Settles French Tax Case for $235M
October 24, 2022  |  AML

Credit Suisse will pay 238 million euros ($235 million) to settle a tax fraud and money laundering case in France. The agreement, announced by a...

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EU Remains Resilient As VAT U-Turn Threatens UK Luxury Retail Revenue
EU Remains Resilient As VAT U-Turn Threatens UK Luxury Retail Revenue
October 24, 2022  |  Retail

Dek: The decision to scrap a VAT exemption for travelers to the U.K. will be felt most by the country’s luxury retailers, which are largely...

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FDIC Chair: Stablecoins Could Bring Bank Consolidation, Disintermediation
FDIC Chair: Stablecoins Could Bring Bank Consolidation, Disintermediation
October 20, 2022  |  Cryptocurrency

Stablecoins have the potential to “fundamentally alter the landscape of banking,” the head of the Federal Deposit Insurance Corporation said in a speech on Thursday...

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Portugal Proposes New Taxes on Crypto Transactions
Portugal Proposes New Taxes on Crypto Transactions
October 10, 2022  |  Cryptocurrency

Portugal wants to begin taxing digital currency gains on purchases held for less than a year, according to a proposal in the country’s 2023 budget....

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Tanzania Backtracks as Mobile Money Levy Proves Unpopular Across African Markets
Tanzania Backtracks as Mobile Money Levy Proves Unpopular Across African Markets
September 28, 2022  |  Taxes

In recent years, several African countries where mobile money transactions are a popular means of payments have introduced levies on digital transactions, much to the...

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UK Tempts Tourists With Tax-Free Shopping
UK Tempts Tourists With Tax-Free Shopping
September 23, 2022  |  Retail

Retailers in the U.K. can roll out the tax-free welcome mat to overseas visitors now that the region has re-instituted the tourist perk in hopes...

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