/Tag:tax revenue

Swiss voters reject proposed Tax Reform

On 12th of February 2017, Switzerland held a referendum  federal bill on Corporate Tax Reform III proposed by the government in 2016. The aim of the reform was to bring the Swiss corporate tax system in line with internationally accepted standards. However, the majority of Swiss voters (over 59%) opposed the proposal, thus letting the future [...]

Brussels does not like dancing!!

Brussels Municipality has adopted and enforced tax on ‘usual dancing parties’, which has immediately been called ‘one of Europe’s more obscure fiscal levies’. As result, owners of cafés, bars, and music clubs where dance parties are being held are obliged to pay EUR 0,40 for every person swinging on the dance floor per night. The dancing [...]

Italian Taxpayers Voluntary Disclose €30 Billion of Funds

In the end of 2014, Italian government approved provisions on money laundering and tax evasion, the so-called Tax Voluntary Disclosure Program. The results of the program are outstanding. As for September 2015, over 2.5 million Italians voluntarily disclosed a total of nearly €30 billion.   The legislation of Voluntary Disclosure aims at stimulating Italians to declare [...]