Singapore’s rich could face a tax on their privately-held wealth if the city-state’s finance minister follows through on an off-the-cuff remark he made on Thursday, but analysts are worried it could negatively impact Singapore’s reputation.
President Macron looks set to amend his French tax reforms after a key-ally said certain high value items should be covered in a reformed wealth tax.
France is replacing its widely encompassing wealth tax with a new one which is more narrowly focused on property-related assets in draft rules issued by its government.
Spain has unveiled plans to reform its nationwide tax system amid mounting pressure on the government to address “substantial tax disparities” between the country’s 17 autonomous regions.
French president Emmanuel Macron has promised the government will press ahead with promised tax cuts overruling earlier suggestions by prime minister Edouard Phillippe that key campaign policies would be postponed until 2019 as France struggles to contain its public deficit.
French prime minister Edouard Philippe has announced that the government will have to delay planned tax cuts until 2019 due to the poor state of the country’s finances.
In April, a committee set up to review South Africa’s tax system unveiled plans to introduce a new wealth tax as the country struggles to deal with extreme income inequality and a dwindling tax base. Here we look at the reasons it’s unlikely to work.
France’s newly elected president Emmanuel Macron unveiled a slew of proposals during his campaign to combat the country’s 10% unemployment rate and sluggish economic growth. Here we take a look at his plans for tax and spending cuts, public sector job losses and a €50bn (£42.3bn, $54.9bn) stimulus package.
A committee set up to review South Africa’s tax system has revealed plans to introduce a new wealth tax as the country struggles to deal with extreme income inequality coupled with a dwindling tax base.
Jean-Luc Melenchon, a far-left candidate backed by the French Communist Party, has said he would introduce a 100% tax on income above €400,000 (£428,800, $425,000).
Wealthy expats living in South Africa are set to be hit hard by sweeping tax increases set to be announced in the country’s budget later this month.
Pressure is mounting on the Spanish government to introduce a nationwide tax system to address “substantial tax disparities” between the country’s 17 autonomous regions.
