Tag:

Taxes

Lula signs decree to freeze illegal online betting funds

Brazilian President Luiz Inacio Lula da Silva has signed a major decree allowing the government to freeze the financial assets of illegal online betting platforms. Instead of sitting idle in court, the seized cash will be funneled directly into national public safety initiatives.

19 Jun 2026-19:25
Why is India increasing taxes on petroleum exports?

India has raised excise duties on exports of diesel and aviation turbine fuel (ATF), a move that analysts say is aimed at protecting domestic fuel supplies and managing energy security amid a volatile global market environment.

17 Jun 2026-05:50
Air Astana Group revenue rises despite profit decline amid Gulf conflict disruptions

Air Astana Group has reported a 13.2 percent increase in total revenue to $331 million for the first quarter ending March 31, supported by capacity shifts made in response to disruptions caused by conflict in the Gulf region.

08 May 2026-17:23
Seoul court rules for Netflix in partial tax cancellation

A South Korean court has ordered the partial cancellation of corporate taxes imposed on the local unit of U.S. streaming giant Netflix, ruling that 68.7 billion won (about $46.6 million) in levies should be revoked.

28 Apr 2026-09:49
OpenAI’s vision for the AI economy: public wealth funds, robot taxes, and a four-day work week

As governments grapple with how to manage the economic fallout of superintelligent machines, OpenAI has released a set of policy proposals outlining the ways wealth and work could be reshaped in an “intelligence age.”

06 Apr 2026-21:51
Uber shares slide as higher taxes hit outlook

Uber Technologies on Wednesday forecast first-quarter profit below market expectations and reported fourth-quarter results that also missed estimates, pressured by higher taxes and a shift toward more affordable ride options aimed at boosting bookings.

04 Feb 2026-16:37
Italy to raise taxes on banks and insurers as 2026–2028 budget finalised

Italy’s government plans to impose an €11 billion tax hike on banks and insurance companies over the next three years as part of its new 2026–2028 budget, according to officials.

17 Oct 2025-13:55
Protests erupt in 200 French towns and cities over spending cuts

Protesters have taken to the streets in over 200 towns and cities across France to oppose spending cuts and call for higher taxes on the wealthy.

02 Oct 2025-20:29
Buenos Aires aims to become a top city for cryptocurrency use

Buenos Aires has, for the first time, permitted payment of select local taxes, vehicle registrations, driver’s licenses, and fines using cryptocurrency, aiming to establish the Argentine capital as a frontrunner in digital currency adoption.

29 Aug 2025-02:00
Modi offers tax cuts as U.S. tariffs threaten

Indian Prime Minister Narendra Modi’s plan to cut consumption taxes on everyday goods could provide billions in annual relief and stimulate demand, experts say, as the economy braces for the impact of looming U.S. tariffs.

24 Aug 2025-21:57