EU tightens the screws on shell companies
The European Union and the Executive Vice-President for an Economy that Works for People Valdis Dombrovskis launched an initiative this week to further restrict tax...
taxation
US Treasury Secretary Janet Yellen pushes for a global minimum tax
US Treasury Secretary Janet Yellen has thrown the weight of the U.S. government behind a push for a global corporate minimum tax rate, possibly carving a path...
Russia initiates scrapping of taxation deal with Cyprus (updated)
By Elias Hazou and Philippe Orphanides Russia’s finance ministry said Monday it would initiate a process to scrap an agreement with Cyprus aimed at avoiding...
Law passed to regulate Airbnb rentals
The owners of self-catering accommodation with services such as Airbnb will now have to register with the state under a new law passed by the...
Green taxes could be introduced by 2021
Green taxes are expected to be introduced in 2021, Finance Minister Harris Georgiades said on Thursday on the sidelines of the three-day Global Conference on...
EU Council favours more tax transparency in Europe
By Stelios Orphanides The Council of the European Union, a policy coordinating body comprised of ministers of member states, said that it is in favour...
EU takes aim at multinationals’ multi-billion tax avoidance
By Francesco Guarascio The European Commission proposed on Thursday allowing EU countries to tax corporate profits at home in some circumstances even if the money...
Reform to make tax ‘fair, more attractive and effective’
FINANCE minister Harris Georgiades yesterday outlined the main elements of tax reform bills submitted to parliament, noting that the system will become more attractive, fairer,...
IPT to be merged into one tax
By George Psyllides THE government plans to draft legislation “very soon,” integrating immovable property tax (IPT), Interior Minister Socratis Hasikos said on Thursday. The minister...
Loopholes and taxation: Overseeing a fairer European Union
By Margrethe Vestager, Companies should pay a fair share of taxes on the money they earn, and governments should not favour certain businesses by giving...
Football clubs must settle taxes by Monday
FIRST division football clubs must settle all their outstanding arrears by Monday at the latest or else be found in breach of UEFA regulations and...
30 companies owe €100m in VAT
By Elias Hazou AS MANY as 30 companies owe the state about €100m in VAT, according to data revealed by Politis yesterday. Of the 30...
Still stealing what’s left of our money
By Hermes Solomon The European Central Bank (ECB) has finally decided to print money in an effort to bolster economies, ergo the present fall in...
Those who have abused government positions ‘will be identified’
By Angelos Anastasiou A list of “high-risk” individuals within the public and broader public sector will be compiled by the Auditor General’s office and the...
MPs favour carry-over of last year’s IPT
By George Psyllides THE government does not object to parliament amending the provisions of the immovable property tax (IPT) bill, Interior Minister Socratis Hasikos said...
Our View: Gaming: do we need higher taxes or transparency?
SOMETIMES it is very difficult to comprehend the way in which the government and legislators try to solve problems. Last Monday, the House finance committee...
