Value-Added Tax - The New York Times
Andrew Yang’s proposed V.A.T. and $1,000 dividend would be more practical than Senator Warren’s wealth tax, in the view of the economist N. Gregory Mankiw. News about Value …
EU: New draft of EU VAT reform (VAT in the Digital Age (ViDA))
May 9, 2024 · The European Commission (EC) on 8 May 2024 published an updated draft of the “Value Added Tax (VAT) in the Digital Age (ViDA)” package, which, if adopted, would amend the EU VAT rules in the following three areas: The EC initially proposed the VIDA package on 8 December 2022.
EU VAT Reforms Trade Short-Term Business Costs for ... - Bloomberg Tax
Oct 31, 2024 · The ViDA reform proposals, introduced in 2022, aim to further modernize the EU’s VAT system to reduce the VAT gap—the difference between the amount of revenue expected to be collected and the amount actually collected. ViDA is based on three pillars.
EU: EU has finally reached agreement on VAT in the d...
On 5 November 2024, the Economic and Financial Affairs Council (ECOFIN) of the European Union (EU) met to discuss changes to the EU Value Added Tax (VAT) rules as part of the VAT in the digital age (ViDA) initiative.
EU has finally reached agreement on VAT in the digital age (ViDA) …
The ViDA initiative is a package of fundamental changes to the common VAT rules across the EU with three pillars and gradual implementation dates. It aims to ensure VAT compliance, prevent tax fraud and elevate the VAT regulations to the next level, fitting the needs of the digital age.
EU Lost Over €89 Billion in Value-Added Tax Receipts in 2022
Dec 18, 2024 · The European Union lost more than 89 billion euros ($93 billion) in value-added tax in 2022, according to a report published Wednesday by the European Commission. The commission attributed the gap to VAT fraud, tax evasion, tax avoidance, bankruptcies, miscalculations and other factors.
Phased EU VAT Reform Implementation Plan Unlocks Agreement - Bloomberg Tax
Oct 31, 2024 · Hungary has brokered an agreement between European Union countries on a value-added tax update for the bloc, clearing the way for its formal approval by finance ministers at a Nov. 5 meeting. “After long discussions, a new compromise has been found with staged deadlines,” for implementing the new rules, an EU official told reporters ...
Value Added Tax: Latest News, Top Stories & Analysis - POLITICO
Latest news, headlines, analysis, photos and videos on Value Added Tax
EU has finally reached agreement on VAT in the digital age (ViDA …
On 5 November 2024, the Economic and Financial Affairs Council (ECOFIN) of the European Union (EU) met to discuss changes to the EU Value Added Tax (VAT) rules as part of the VAT in the digital age (ViDA) initiative.
China revises its value-added tax, a big relief for small-scale ...
Dec 25, 2024 · China passed a value-added tax (VAT) law on Wednesday that consolidates previous regulations, including exemptions for specific items, into a single legal framework.