taxation

Czechs have to hold out for one more month. After June 17, 2022, they will start earning for themselves. Until then, for 167 days, they work only for the state. That makes this year one of the least free since the Liberal Institute has been counting Tax Freedom Day since 2000.

The European Union is debating a directive that would place a minimum effective corporate income tax (CIT) of 15 percent on large-scale company groups. The directive is expected to address tax challenges caused by digitalization.

At the end of 2021, the European Commission (the EC) released a \"Proposal for a council directive on ensuring a global minimum level of taxation for multinational groups in the Union\".

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.

In the last weeks, we saw debates between the state and the municipalities, which discussed options to increase the resources for local development, but once again these evolved in the direction of centralized solutions.

In the latest edition of the International Tax Competitiveness Index, Poland was placed 36th out of 37th OECD countries. In the international ranking of tax systems\' competitiveness prepared by the American Tax Foundation, only Italy scored worse.

Inflation is often referred to as a tax, imposed without parliamentary approval, without legislation and without considering the consequences. Today’s inflation is special: printing money seemed to be pretty much the only way to respond to the pandemic and to finance rising public spending.

Right before Christmas the EC presented a directive proposal targeting the profits of large multinational companies. The new rules propose imposing a minimum corporate income tax of 15% on large companies.

Estonia is doing all it can to maintain its current income tax system in the EU tax debate, Minister of Finance Keit Pentus-Rosimannus (Reform) told ERR on Tuesday, confirming reports of Estonia, alongside Hungary, blocking a revised set of EU tax rules.

After a turbulent year and a total of three general elections, Bulgaria finally has a government. Much like the new power in Germany, it is far from a stable, single-party rule but rather a patchy, colorful coalition of small powers and former enemies.