Spain has confirmed there will be no changes to income or wealth taxes in 2017, despite political instability in recent months giving hope that a controversial wealth tax would finally be lifted.
The Portuguese government has introduced a wealth tax on properties valued over €600,000 (£538,572, $660,108) in a move that could benefit thousands of British expats living in the EU-member state.
Ireland’s controversial plans to impose a wealth tax on its super-rich, similar to other European countries such as France and Spain, may yield just €22m (£18.6m, $23.2m), according to a study by the Economic and Social Research Institute (ESRI).
Democratic candidate Hillary Clinton, tipped to be the next president of the US, is expected to introduce a whole raft of new taxes aimed at the nation’s wealthy once she gets into power.
South Africa’s government could be looking to introduce a wealth tax as the country struggles to deal with extreme income inequality coupled with a dwindling tax base.
The Portuguese government is looking at plans to introduce a wealth tax on properties valued over €600,000 (£538,572, $660,108) in a move that could affect thousands of British expats living in the EU-member state.
