The transition to electric vehicles will be a marathon, not a sprint, says the CEO of Mercedes-Benz.

According to the chief executive officer of Mercedes-Benz in Germany, making the transition to zero-emission mobility should be considered as a marathon, not a sprint.

In an interview with "Squawk Box Europe," Ola Kallenius attempted to draw attention to the significant obstac...

The Korean Chips Act intends to maintain tax breaks for domestic chip manufacturers

The Korean Chips Act intends to maintain tax breaks for domestic chip manufacturers. A new law has been passed in Korea to help domestic semiconductor manufacturers compete in the global chip weapons race. Pyeongtaek, Gyeonggi Province, Thursday: Construction of a Samsung Electronics semiconducto...

Democrats Consider Their Options Following the Supreme Court's Decision on Trump Taxes

Democrats in Congress faced the onerous chore of analyzing six years of former President Donald Trump's tax returns on Wednesday, as Republicans prepared to reclaim control of the House of Representatives in less than six weeks.

Members of the Democratic-led House Ways and Means Com...

Japan requests that the United States

The Japanese government announced on Saturday that it has requested Washington to relax new regulations governing electric vehicle tax credits in the United States, claiming that they are unfair to Japanese automakers.

The new laws controlling tax credits for acquiring environmentally f...

Uber wants the world’s taxis on its app. Paris may be a tough nut to crack

Two US businessmen's unhappiness with trying to hail a cab in Paris led to the creation of Uber.

Fast-forward The ride-hailing behemoth is making headlines in the French capital once more, this time courting the taxi drivers whose service it originally decried, more than ten years l...

Pioneer CEO: Tax Bill Could Devastate Small-Time Oil Drillers in the U.S

More pressure will be placed on that little mom-and-pop independent, it is said.

According to one of the largest independent producers in the US, the proposed new minimum tax on businesses and fines for methane emissions, both of which are in a comprehensive package passed by the US Sen...

EU's carbon border tax could be detrimental to poorer countries

The European Commission linked trade policy to climate policy in July 2021, a move no other significant governmental body had ever made. The EU must reduce emissions both inside and outside of its borders if it is to meet its 2030 goal of reducing net greenhouse gas emissions by 55 per cent.

Singapore’s Solution for its Economic Recovery: A Raise in Taxes

The government of Singapore government has decided to raise taxes, which include property taxes along with income taxes for some salary tiers, as it is the aim of the country to generate enough revenue so that it meet the ever-increasing demands like health care and other necessary services.

GST Increase to Help Generate Revenue for Singapore

On Wednesday, the Finance Minister of Singapore, Lawrence Wong, said that the plan to increase the Goods and Services Tax will help the country in generating revenue that it needs to invest in the social infrastructure of the island and in its people.

Mr. Wong made these comments in a v...

UAE Announces Tax-free Status

The United Arab Emirates has announced its plans of introducing a 9 percent federal corporate tax on profits made by businesses starting from June 2023.

The government’s announcement is its latest step in dismantling a ley-free regime that has contributed significantly to attracti...

Taxonomy and Artificial Intelligence in Europe

There is no doubt that Artificial Intelligence has the ability to increase productivity and drive economic development. But to understand the business models of AI in Europe and its impact on various sectors, the European Institute of Innovation and Technology’s Artificial Intelligence Comm...

Countries Around the World Begin Taxing Unvaccinated Individuals

Governments around the world have been taking several measures to urge their citizens to get vaccinated for the Covid-19. Initially, governments promoted vaccines with softer campaigns but now some have even started imposing taxes on those who refuse the jabs.

On Tuesday, Quebec announc...

The EU Taxonomy Dealing with Chemical Pollution

The green finance taxonomy of the European Union is about much more than just climate finance. It will provide an opportunity to focus on the health and well-being of the Europeans by phasing out hazardous chemicals that pollute our planet.

One out of every eight deaths in the region is...

Russian government closely monitoring Crypto Market to prevent Tax evasion

The Russia government is maintaining high scrutiny on the crypto market. The government is trying to prevent people from evading taxes by using these untraceable cryptocurrencies.

Highlights

• Russia government monitoring over crypto market
• Th...

Sonu Sood accused of evading tax of over Rs 20 crores: Income tax department

Highlights

• The actor has evaded taxes of over ? 20 crore, as told by the income tax department
• Investigations reveal use of 20 bogus entries

Actor Sonu Sood has been accused of evading income tax of over ? 20 crore, by, the income ta...

The income tax department raids Sonu Sood’s office in Mumbai

Highlights

• Income tax raids at Sonu Sood’s office in Mumbai
• The raid continued for 20 hours and was carried out at 6 locations

The income tax carried out raids at Sonu Sood’s office on Monday. The Income tax officers spen...

Spain government implements new measures to reduce soaring electricity bills

Highlights

• Spain government introduces new set of measures regarding the electricity bill
• The average monthly electricity bill in households rises by 62%

Spain government has approved a new set of measures, including tax cut, in orde...

US TREASURY SECRETARY JANET YELLEN SPEAKS ON DIGITAL TAXES IMPOSED BY OTHER NATIONS

Highlights

• Yellen said she was engaged in very constructive bilateral conversations with the Irish finance minister on the issue

• According to Yellen, she hopes for progress on the tax issue, which is being negotiated under the leadership of the Organization for C...

G7 COUNTRIES PLANNING TO IMPOSE MORE TAX ON BIG TECH FIRMS IN US

Highlights

• G7 countries have a vision of a global tax rate of at least 15 percent on the tech companies

• Meanwhile, this report comes at a time when the American President has already been pressing to raise the corporate tax rate

The Uni...

US IMPOSES ADDITIONAL TARIFFS ON INDIAN IMPORTS, THAT WILL BE EFFECTIVE AFTER SIX MONTHS

Highlights

• The final determination in the investigations is to impose additional tariffs on certain goods from these countries said the USTR Tai

• Digital tax of 2% was imposed by India on foreign technology companies like Google, Facebook and Amazon

Unha...