Tag: Taxes
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BIR Tax Evasion Complaints vs Discayas: P7-B Liability
Overview: BIR files tax evasion complaints against the Discayas The Bureau of Internal Revenue (BIR) has filed multiple tax evasion complaints with the Department of Justice (DOJ) against Sarah and Curlee Discaya, and a corporate officer of their firm, St. Gerrard Construction General Contractor and Development Corporation. The move centers on a substantial tax liability…
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Understanding Potential Electric Bill Increases Despite Tax Cuts
Introduction On January 1, 2026, Sweden will reduce its electricity tax to 41.1 öre per kilowatt-hour, a decrease of nearly 20% that is expected to save some households thousands of kronor annually. However, this reduction does not guarantee lower electric bills, as several changes loom that may lead to increased costs. Here we explore the…
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Major Tax Increases on Homes, Land, and Vehicles in Romania
Major Tax Increases on Homes, Land, and Vehicles in Romania Major Tax Increases on Homes, Land, and Vehicles in Romania Recent developments in Romania have brought about significant changes to the tax landscape, particularly affecting homeowners, landowners, and vehicle owners. The government has announced a proposed increase of 170% on property taxes, which has left…
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Major Tax Increases on Homes, Land, and Vehicles
Overview of Tax Increases In a move that has stirred considerable discussion, the government announced a significant increase in property and vehicle taxes as part of the proposed modifications to the tax code. According to the new legislation, property taxes on homes and land are set to rise by a staggering 170%, significantly affecting homeowners…
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Socialists’ Budgetary Overreach: Taxes and Spending in France
In recent debates surrounding France’s economic prospects, a significant divide has emerged between political factions on how to address the projected deficit of 44 billion euros by 2026. François Bayrou, a prominent centrist leader, advocates for stringent measures aimed at deficit reduction, promoting fiscal responsibility as the cornerstone of his campaign. Conversely, the Socialist Party…