#vat-loophole

#vat-loophole

The ruling closes a tax 'loophole' that could have cost the government billions of dollars as more employers adopt hybrid work models, with employees working partly or fully from home.

One way is to increase income taxes. There's also the option for an annual or one-off wealth tax on everything someone has above a certain mark. A few governments want to tax extreme wealth to lower taxes on a stagnating middle class or to make up for social inequality.

Companies across sectors such as banking, industry, and technology report that their digital infrastructure is closely intertwined with American software and cloud platforms. Many organizations rely on services from large American suppliers for office software, cloud storage, and AI applications. According to them, this dependence cannot be reduced quickly without operational disruptions.

Under current rules, once a business exceeds £90,000 in taxable turnover, it must register for VAT and charge 20 per cent on most goods and services. Registration also brings quarterly reporting requirements and compliance costs, often requiring specialist accounting support.

"I don't think the tax conversation is productive because we are going to be 100% higher than New Jersey if we take that proposal. New Jersey's current corporate tax rate is 11%. If we do what the Mayor has recommended, will be at 22% - 100% over New Jersey," Steve Fulop, the new CEO of the Partnership for The City of New York said Sunday on 77 WABC's the "Cats Roundtable" program.

The first year of Donald Trump's second term has been anything but calm amid a flurry of executive orders by the US president targeting alleged "opponents" at home and abroad, and negatively affecting transatlantic trade and business. Trump's so-calledLiberation Day announcement of "reciprocal tariffs" last April shocked governments and companies alike across the world, as did his crackdown on corporate diversity, equality and inclusion (DEI) initiatives.

knowingly disguised an employment relationship as a business contract to evade its obligations as an employer

As we enter 2026, is gearing up to release our fourth edition of the Fortune 500 Europe list, celebrating the region's most successful companies through the framework of one of business's best-known accolades. To truly understand these companies, we are embarking on a program of webinar masterclasses, executive interviews and strategy deep-dives, leading up to an exclusive London event for CEOs in September.

Starting Jan. 1, 2026, updated reporting obligations require crypto platforms operating in the EU or serving EU users to provide detailed information on users and their transactions to tax authorities. This change aligns digital assets more closely with the transparency requirements long established in conventional finance.

Austria's government has agreed on a list of everyday foods that will be taxed at a lower VAT rate from July, in a move it said should reduce prices for households and slightly dampen inflation. According to ORF, the Council of Ministers approved the product range on Wednesday after intensive discussions. The reduced VAT rate of 4.9 percent, down from ten percent, is set to apply from July 1st. The government also set an upper cost limit of 400 million for the measure, ORF reported.

The initial phase targets what the regulation classifies as "unacceptable risk" AI systems - including social scoring, real-time biometric surveillance in public spaces, and manipulative AI designed to exploit vulnerabilities. Penalties for violations can reach €35 million or 7% of global annual turnover, whichever is higher. For a seed-stage startup, that's not a fine. That's an extinction event.