EU Commisioner Wants to Implement Carbon Tax

Categories: International Tax Cooperation, Taxation in EU, Taxation in Sweeden, Taxation in UK

Algirdas Semeta, Taxation Commissioner of the EU, has stated that he wishes to see a carbon tax instated across the entirety of the European Union, and will lead a review to make it happen. The widely debated topic of Carbon Taxation has once again been brought up with the revelation that the European Commission (EC) [...]

Algirdas Semeta, Taxation Commissioner of the EU, has stated that he wishes to see a carbon tax instated across the entirety of the European Union, and will lead a review to make it happen. The widely debated topic of Carbon Taxation has once again been brought up with the revelation that the European Commission (EC) will soon lead an inquiry about a possible EU-wide implementation of such a measure. In a statement made by Emer Traynor, spokeswoman for Algirdas Semeta, revision of the ... Read More

France to Battle Piracy with Taxes

Categories: Taxation in EU, Taxation in France

The French Government could soon begin to tax online advertising revenues to subsidize upkeep of the country’s cultural heritage and initiatives to reduce piracy. The French Cultural Ministry has published a report suggesting a new tax on the online advertising revenues of companies established in the European Union, generated from the use of their services [...]

The French Government could soon begin to tax online advertising revenues to subsidize upkeep of the country’s cultural heritage and initiatives to reduce piracy. The French Cultural Ministry has published a report suggesting a new tax on the online advertising revenues of companies established in the European Union, generated from the use of their services in France. The report, which was published in early January, recommends that a tax of no more than 2 percent be installed, and estimates that government revenues of ... Read More

Sarkozy Vows to Instate Carbon Tax

Categories: Taxation in France

French President Nicolas Sarkozy has vowed to amend and instate a new carbon tax in France, after his original attempt was deemed to be unlawful. Speaking at the first cabinet meeting of 2010, on January 5th, Nicolas Sarkozy informed ministers that he intends to see a new carbon tax law implemented in the country and [...]

French President Nicolas Sarkozy has vowed to amend and instate a new carbon tax in France, after his original attempt was deemed to be unlawful. Speaking at the first cabinet meeting of 2010, on January 5th, Nicolas Sarkozy informed ministers that he intends to see a new carbon tax law implemented in the country and come into effect on July 1st. The tax is expected to raise €3.5 billion annually, which will be used to aid households in reducing energy consumption. If ... Read More

First Views on UK Bonus Tax

Categories: International Tax Cooperation, Taxation in EU, Taxation in France, Taxation in Germany, Taxation in UK, Taxation in USA

The first opinions and reviews have begun to be voiced, both internationally and within the UK, discussing details of a new tax on banking sector bonuses. As previously reported, on December 9th the Chancellor Alistair Darling in his Pre-Budget Report revealed that a new levy of 50 percent, will be charged on discretionary bonuses exceeding [...]

The first opinions and reviews have begun to be voiced, both internationally and within the UK, discussing details of a new tax on banking sector bonuses. As previously reported, on December 9th the Chancellor Alistair Darling in his Pre-Budget Report revealed that a new levy of 50 percent, will be charged on discretionary bonuses exceeding £25,000. The extraordinary levels of bonuses in the banking industry, especially during times of financial turmoil has already been the subject of political and economical disputes for ... Read More