Category Taxation In Europe

Estonia Upsets Truckers With Digital Taxes

January 15, 2018 Taxation in Estonia

Estonia truck taxTALLINN – While many laud Estonia’s push for a digital government, some truck drivers are now claiming that the movement is interfering with their work.

According to the head of the Association of Estonian International Road Carriers, Einar Vallbaum, the country’s lack of road tax filling stations is a significant weakness in the national tax system which is leading to non-compliance.

On January 1st 2018 Estonia reformed the road taxes applied to trucks travelling through the country, meaning that all trucks with a weight in excess of 3.5 tons need to pay a tax.

However, along with the change, the government ceased the use of road-side filling stations which allowed drivers to pay for their daily or annual tax obligation, while also receiving a sticker showing that the tax is paid.


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Electric Cars Make Up Half of Norway’s Car Sales

January 4, 2018 Taxation in Norway

tesla tax norwayOSLO – Teslas and other electric cars are enjoying unprecedented levels of sales in Norway due to the country’s tax break.

New data published by the government of Norway shows that more than half of all car sales in the country in 2017 were electric and hybrid cars.

The level of sales of the environmentally friendly cars was attributed to the tax breaks offered on the sale of electric and hybrid vehicles, and the raft of subsidies offered to owners of such vehicles.

Approximately 52 percent of all new cars sold were hybrid and electric cars, marking the first time that electric vehicles held a higher portion of the market than conventional petrol vehicles.

Norway is often regarded as a good example of pushing for more electric cars to be bought, with sales and take up far exceeding the r...

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Italy Halves Web Tax Proposal

December 20, 2017 Taxation in Italy

Italian web taxROME – Italy is persevering with its plan to impose a web tax, although the rate of the tax has been dropped.

On December 19th the lower house of Italy amended the country’s 2018 budget bill, lowering the rate of the proposed “web tax”.

Italy had previously proposed that a new tax is introduced on internet transactions, levied at a rate of 6 percent of the value of the transaction.

The rate has now been dropped to 3 percent.

The new tax will be levied on the sale of “intangible digital products” namely services such as online advertising and sponsored links.

The measures are expected to hit a number of internet giants, such as Google and Facebook, which see a significant portion of their incomes coming from advertising.

The tax will not apply to all sales, and will only be pai...

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Big Businesses Paying Big Taxes in the UK

December 6, 2017 Taxation in UK

Micro-writingLONDON – The biggest businesses in the UK saw increased income tax last year, despite a fall in VAT payments and tobacco duties.

The 100 biggest companies in the UK saw their income tax bill rise by a third last year, according to information released by The 100 Group, which represents these major businesses.

The corporate tax payment due by the big businesses rose to a level of GBP 6.4 billion for the year to March 2017.

The corporate tax bill is approximately one third higher than it was in the previous year.

The increase was attributed to higher than expected profits, and the implementation of a surcharge on banking profits.

Despite the increase in the level of corporate income tax, the overall taxes collected from the large businesses did not rise, as the level of collections of VA...

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EU May Class UK as Tax Haven

November 29, 2017 Taxation in UK

UK tax havenLONDON – The UK faces the risk of being classified as a tax haven, once it leaves the protective veil of the EU.

In a new report, the thinktank Tax Justice Network claimed that the EU could potentially classify the UK as a tax haven following the completion of Brexit negotiations.

The researchers at the Tax Justice Network evaluated several countries against the EU’s own classification of what is a tax haven.

The countries which were found to be tax havens were Luxembourg, Ireland, the Netherlands, Cyprus, Malta, and the UK.

However, the EU also has a policy of not classifying its member states as tax havens.

The researchers believed that if the UK leaves the EU, and the exit negotiations do not end positively, then the EU will have the capability of classifying the UK as a tax haven.

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