Taxation in the United Kingdom

Waivers of inheritance grew 413 percent in just five years from 2013 to 2018, with the phenomenon set to increase further, according to figures presented by the Hellenic Valuation Institute (ELIE).

FinMin: Slovenia will stay comparably favourable for capital

Maribor, 2 March - Finance Minister Andrej Bertoncelj has told the newspaper Večer that despite the planned increase in schedular taxation, Slovenia will stay a "comparably favourable country", with capital still being less taxed than on average in the OECD countries.

A circular released by the Finance Ministry, which activates a recent legal clause concerning incentives for enterprises that hire young or long-term unemployed people, offers tax incentives to employers who hire unemployed workers on top of their existing staff up until 2023.

The bad management and waste in state companies continues unabated. One wonders what the state assets fund, the Hellenic Corporation of Assets and Participations, is doing about it.

Its executives are handsomely, if not excessively, renumerated and have clear responsibilities. They've had more than enough preparation time.

The tax administration is asking the country's banks to provide details of all transactions since 2015 concerning the accounts of taxpayers who are under investigation.

Greece is the last decade's tax hike champion among the 35 member-states of the Organization for Economic Cooperation and Development, according to a new OECD report.

The report, which reflects the huge burden imposed on Greek taxpayers, shows that Greece remains the global leader not only in the sum of taxes but also in categories such as consumption taxation and property levies.

The capital gains tax for property ownership is apparently to be suspended for another year. Although it was voted through in 2013, it has never been properly applied due to the major decline in property prices and the complexity of the legislation.

The Finance Ministry hiked value-added tax rates in the hope of reaping an extra 1 billion euros in revenues per year, but what it got was less than half of that - and an explosion in the phenomenon of tax evasion.

As pay notices for the Single Property Tax (ENFIA) reached 6.3 million property owners last week, the mixture of good and bad shocks that they evinced in taxpayers was a clear indication of the confusion regarding how the new property rates have been calculated by the government.

The 500-million-euro drop in the income tax demanded from taxpayers after this year's processing of declarations compared to last year's is the outcome of the decline in incomes declared by professionals - following a tough 2017 when they were forced to pay huge social security contributions and taxes.