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Value-Added Tax (VAT) Archive

Spain Tax Rankings 2022 International Tax Competitiveness Index

TweetShareSharePin0 Shares Tax Foundation recently released the 2022 International Tax Competitiveness Index (ITCI) measuring the competitiveness and neutrality of countries’ tax systems. Since 2020, Spain has dropped from 26th to 34th (out of 38 countries) in the ITCI due to multiple tax hikes, new taxes, and weak performances in all five index components. In Spain’s

2022 International Tax Competitiveness Index

TweetShareSharePin0 Shares Note: Each year we review and improve the methodology of the Index. For that reason, prior editions are not comparable to the results in this 2022 edition. All data and methodological notes are accessible in our GitHub repository. Below is a preview of the 2022 Index. To access the full report, click the download button

What the EU Gets Wrong About “Tax Fairness”

TweetShareSharePin0 Shares “Tax fairness” has been a lingering theme in EU policy circles since the 2008 financial crisis and subsequent Euro crisis. The prevailing sentiment among policymakers is that European tax authorities need to work together to eliminate tax fraud and avoidance because government budgets depend on these missing revenues to provide essential public services.

“Tax Fairness” & EU Energy Security

TweetShareSharePin0 Shares On 30 September, the Council of the European Union agreed to impose an EU-wide windfall profits tax on fossil fuel companies to fund relief for households and businesses facing high energy prices (due primarily to Putin’s war on Ukraine). Given the dire economic environment for families and the urgency to transition away from

Impact of Italian Elections on Tax Policy & EU Fiscal Policy

TweetShareSharePin0 Shares Italy’s legislative elections on 25 September resulted in the country’s first right-wing government since 2011. Giorgia Meloni, leader of the Brothers of Italy, will likely become Prime Minister and govern in a coalition with the League (led by Matteo Salvini) and Forza Italia (led by Silvio Berlusconi). On national tax policy, the coalition

UK Prime Minister: Rishi Sunak vs. Liz Truss

TweetShareSharePin0 Shares The Conservative Party in the United Kingdom is in the process of determining its new leader as Prime Minister Boris Johnson exits the stage. The new Conservative Party leader will be the next UK Prime Minister. The process has narrowed the field to two candidates: former Chancellor of the Exchequer Rishi Sunak and Foreign

EU Presidency & Europe Council: Czech Presidency

TweetShareSharePin0 Shares On July 1st, Czechia assumed the rotating Council of the EU Presidency from France. The country will chair Council meetings and represent the Council in relations with other European Union institutions until the end of 2022. There are many tax-related files that remain in the legislative pipeline from the French Presidency that Czechia will

Cigarette Taxes in the EU

TweetShareSharePin0 Shares To ensure the functioning of its internal market, the European Union (EU) sets a minimum excise duty on cigarettes. It consists of a specific component and an ad valorem component, resulting in a minimum overall excise duty of €1.80 (US $2.13) per 20-cigarette pack and 60 percent of an EU country’s weighted average retail

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