/Tag:taxpayer

Report Reveals The Top Wasters of Taxpayers’ Money

The World Economic Forum (WEF) regularly assesses the competitiveness of 138 world economies. The assessment encompasses indicators, such as business infrastructure, macroeconomic environment, labor market efficiency, innovation, and efficiency of governmental spending. In this article, we will focus on the latter. Inefficient governmental spending may include, for example, irrelevant research projects, redundant investment in public safety [...]

Why do Icelanders Worship Sumerian Gods?

In Iceland, an increasing number of Icelanders are joining an exotic religious movement called Zuism. Although the Evangelical Lutheran is the official state church in Iceland, around 1% of Iceland’s population has already proclaimed themselves as Zuits, i.e., members of a new religion that worships ancient Sumerian gods. However, this phenomenon is not related to spiritual [...]

Luxembourg Announces Tax Amnesty Plan

Luxembourg has recently announced its first tax amnesty plan for undeclared income. The temporary tax amnesty scheme for 2016-2017 aims at “laundering” tax evaders and regulating “assets and income held by persons with tax residence in Luxembourg.” According to the current Luxembourg legislation, sanctions for a willful tax fraud and evasion include (i) a fine of [...]

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 [...]

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