Tag: tax policy
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VAT Cut for Hospitality Industry Takes Effect in July 2026
New VAT Cut for Hospitality: Key Details The government has agreed to a VAT reduction for the hospitality sector, set to take effect from July 2026. The move forms part of the Budget package announced on Tuesday as ministers push ahead with measures designed to ease living costs and support businesses. Under the plan, eligible…
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France’s PM Proposes Tax on Financial Wealth, Excludes Zucman
What happened In a move seen as a potential shift to a more left-leaning economic stance, France’s Prime Minister Sébastien Lecornu reportedly proposed to the Socialist Party (PS) the creation of a tax on financial wealth. The plan would target wealth held in financial holdings while explicitly excluding wealth tied to professional assets. The briefing…
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LO backs S proposal to scrap karensavdrag in shadow budget
Overview: A shadow budget with a broad fairness agenda In a Friday press conference, Sweden’s Social Democrats outlined a shadow budget that aligns with the Confederation of Swedish Trade Unions (LO). The plan centers on scrapping the karensavdrag, a waiting-day deduction that penalizes workers taking sick leave, and pairs it with stepwise tax relief for…
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France PM proposes financial wealth tax to PS, excludes Zucman tax
Overview In a bid to shape the upcoming budget, the French Prime Minister proposed to the Socialist Party a new tax focused on financial wealth while explicitly ruling out support for the Zucman tax on the wealthiest households. The move comes as Matignon hosts a round of consultations with several opposition and allied groups in…
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LO backs S plan to scrap the karensavdrag in shadow budget
What the plan includes The Social Democrats announced key elements of their shadow budget on Friday, presenting a package designed to ease cost‑of‑living pressures on Swedish families while redefining fairness on the labor market. Central to the proposal is scrapping the karensavdrag, the sickness‑absence deduction, a reform they argue will reduce penalties on ordinary workers.…
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Ireland Poll Supports Family Home Inheritance Tax Relief
What the survey shows A nationwide survey commissioned by life-insurance and pensions provider Royal London Ireland and conducted by iReach among 1,000 adults reveals a strong public appetite for reform of inheritance tax. The findings show 83% of Irish adults in favour of inheritance tax relief for the family home, with 58% strongly supporting removing…
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Swiss Politics in Flux: Budget Paralysis, Probes, and e-ID
Global Context: Budget Paralysis and Its Ripple Effects Across the world, budgetary standstills are stirring unease among policymakers and markets. In the United States, a prolonged budget impasse raises the specter of partial government shutdowns and delayed funding for essential services. While the situation plays out far from Swiss shores, it underscores how fiscal gridlock…
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Vaud abuse of authority inquiry: Valérie Dittli investigated
Overview: The inquiry request The Prosecutor General of the Canton of Vaud has asked the Bureau of the Grand Council to open an official inquiry into Valérie Dittli, a member of the canton’s government, over allegations of abuse of authority. The case centers on claims that the minister requested the annulment or reduction of tax…
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Suspicions of Abuse of Authority: Vaud AG Seeks Investigation into Valérie Dittli
What happened In the Swiss canton of Vaud, the Office of the Prosecutor General has formally asked the Grand Council’s Bureau to open an investigation into Valérie Dittli, a Vaud state councillor. The inquiry concerns allegations that Dittli used her official authority in relation to requests to overturn or modify tax assessments for wealthy residents.…
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Industry Welcomes VAT at 6% and Calls for Clarity on Ongoing Processes
Industry Welcomes VAT at 6% as a Growth Engine The sector-wide response to the proposed VAT reduction to 6% has been broadly positive, with business leaders pointing to a potentially powerful boost for demand, investment, and job creation. In comments echoed by many associations, the measure is seen as a fundamental instrument to stimulate activity…