tax

The Institute for Liberal Studies publishes an analysis of the sweetened beverage tax by Jan Šincl and Martin Pánek entitled Sugar Tax’s Sour Grapes. The prevalence of obesity is rising globally and poses a significant challenge to the health of individuals and healthcare systems. The main factor causing obesity is not sugar. It is a combination of many factors, such as caloric intake and expenditure, exercise, dietary habits...

The tax burden directly determines how many resources remain in the hands of businesses and how much goes to the state budget. However, it also has some influence on the price level. The size of the tax burden affects the speed of economic development - the more money a business has in possession, the more development and expansion opportunities it has, the more materials it buys, the more money it invests in the purchase of new equipment.

In its program statement, the government announced its intention to increase the progressivity of personal taxation. In the budget plan, it already speaks specifically of the intention to \"introduce 3rd and 4th personal income tax rates from 2025,\" which is expected to increase public revenues by EUR 78 million. A 3rd rate of 30% is to apply to annual personal income above EUR 80 000.

Slovakia\'s new government has finally succumbed to the Sweet Tax Temptation, as we called it in our last publication. The Ministry of Finance has published a preliminary announcement describing its intention to introduce the tax. You read that right; it is not the Ministry of Health that is in charge of the health of the population and the sustainability of health spending.

Lithuania ranked ninth in the International Tax Competitiveness Index 2023. This country ranked eighth last year and fourth in 2019. Why is it sliding down instead of finally rising up the pedestal? The International Tax Competitiveness Index assesses tax systems on their simplicity, transparency, neutrality - i.e., fairness to specific activities and income levels - and stability.

The narrative of excess profits that recently sparked in public discussions in Lithuania was not accidental. Initially, business companies had been suspected of profiting from inflation. Then suspicions of undeserved profits hit banks. And here we are – digesting a proposal from the government to impose  a special windfall tax on banks.

While the state does need to find new revenues, there will not be any substantive debate on taxation over the next four months, new Finance Minister Annely Akkermann (Reform) says.

Last July, the European Commission presented a proposal for a directive aimed at reforming the taxation of energy products and electricity. This proposal is part of the European Union\'s (EU) efforts to reduce emissions and air pollution.

This year\'s Tax Freedom Day fell on June 25, and this year the state will redistribute 48 percent of what we produce. Last year we announced that we would have to revise for the first time ever, but in the end it was not necessary. The economic downturn was smaller than expected, and so, too, was the redistribution eventually.

The front pages of many Polish newspapers and news portals as well as the screens of private TV stations remained black. In a joint action with the slogan \"Media without a choice\", they protested against the plan of the government to introduce a tax on the advertising revenues of media companie