taxes

The new coalition in Lithuania has made it clear that the aim is to ensure adequate funding for defense and national security. It has promised to reform the second pillar of pension funds as a priority. In addition, it has proposed a tax reform, with a specific component: progressive taxation for higher earners, irrespective of their income.

In the Czech Republic, there has been a long-standing discussion about the possibility of taxing still wine. This issue is particularly relevant during times of economic crisis when the state is looking for ways to increase tax revenues. However, the introduction of new taxes should be based on a thorough analysis of impacts and should consider the insights and interests of all stakeholders involved to ensure that the tax is neither unnecessarily costly nor ineffective.

The number thirteen is commonly recognized as an unlucky number. But for Hungarian businesspeople, the preceding number is worse, as the 12th is the deadline for paying taxes.

Donald Tusk outlined priorities for the Polish government for the next months. In his expose, he paid a lot of attention to entrepreneurs, promising to limit inspections of micro-entrepreneurs, introduce a cash-based personal income tax for entrepreneurs settling this tax with the tax authorities, and a vacation for entrepreneurs, i.e. one month a year free of social security contributions and a benefit of half the minimum wage.

Bulgaria’s Мinistry of Finance recently published the \'tax package\' for 2024, including proposed changes to all tax laws. Alongside widely discussed cases such as the return of the standard VAT rate for restaurants and bread and non-payment of bills in case of an undeclared cash receipt, the package also includes perhaps the deepest change in business taxation in our country in over 15 years.

The complexity of the advance payment of corporate income tax (CIT) creates administrative burdens for businesses and hinders the path to greater competitiveness. To ensure the stability of the state budget and higher tax revenue collection, the CIT regime was complemented by an advance CIT in the early years of the restoration of Lithuania\'s independence. Companies pay it before profits are earned, thus crediting the State.

The need to consolidate public budgets is perhaps already evident, even to those political parties that have long perceived resources as limitless and freely available. Investors worldwide eagerly await opportunities to lend to debt-ridden Slovakia. Consolidation plans are beginning to emerge, the Financial Policy Institute at the Ministry of Finance has published the impact of austerity and tax measures on GDP.

Who should be taxed, how should they be taxed and what purpose should it serve? These questions are as old as the world. To help answer them, in his 1776 work \"The Wealth of Nations\" the Scottish economist and philosopher Adam Smith formulated four principles of taxation. According to him, taxes should be proportional to the benefits that a person derives from belonging to society.

According to the increasingly popular narrative, apartments purchased for investment purposes are almost synonymous with unoccupied buildings, that is uninhabited properties. The villains are investors, both institutional (apartment funds) and individual (wealthy individuals). They allegedly buy apartments from the market in order to \"speculatively\" refrain from placing them on the market in anticipation of a further increase in real estate prices.

In an interview with Seznam Zprávy, the head of Madeta (a Czech dairy company) Milan Teplý stated several facts that contradict basic financial knowledge. He began the interview by saying that Madeta will be profitable this year. However, he immediately added: \"It\'s a sin to be in profit, we won\'t get subsidies.\" We do not understand this. Why should a company that is making profit seek subsidies and ask the state for support?