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Tech giants will now pay more tax in France, after the country decided not to wait for the rest of the EU to introduce the measure. The so-called GAFA tax targeting major digital firms comes into force on January 1. The French government hopes to raise €500 million ($ 572 million) with levies specifically aimed […]
GUEST: Last year, Congress passed a law treating every crypto-to-crypto trade as a taxable event. That’s a mistake. Cryptocurrencies are too novel, fraught, and susceptible to unintended consequences to be taxed the same way as stocks and precious metals are. Here are 15 reasons why these trades shouldn’t be taxed. 1. Scam coins abound…Read More
IN RICH countries, people’s diets are getting worse and they are getting fatter. Hence the increasing popularity of a “fat tax”, to make unhealthy food cost more. Since Hungary led the charge in 2011 with a “chip tax” on fatty and sugary foods, other countries have followed. Britain is to join a long list next […]
Iceland is considering introducing a new tax on tourists or limiting access to the most popular attractions for sightseers. The country has seen tourism boom over the last decade, with tourist numbers rapidly growing from 490,000 in 2010 to an estimated 2.3 million in 2017. This is a mind-blowing number of visitors considering that Iceland’s […]
BILL GATES is an unlikely Luddite, however much Microsoft may have provoked people to take a hammer to their computers. Yet in a recent interview with Quartz, an online publication, he expressed scepticism about society’s ability to manage rapid automation. To forestall a social crisis, he mused, governments should consider a tax on robots; if […]
Indian lawmaker Ranjeet Ranjan plans to introduce a bill to tax excessive weddings which the country is famous for. If the bill is passed, it would require families that spend more than $ 7500 (500,000 rupees) on nuptials to donate ten percent of the overall cost to a special government fund. The government will be […]
