Sweden Announces Food Tax Reduction Plan

On September 4, 2025, the Swedish government revealed plans to cut taxes on food to alleviate household costs amid an election year. The measure aims to support consumers facing economic pressures. Details on implementation are expected soon.

Russia Proposes VAT Hike to Fund Ukraine War

Russia's finance ministry has proposed increasing the value-added tax from 20% to 25% starting next year, aiming to generate additional revenue to sustain military operations in Ukraine. The move comes amid escalating costs of the ongoing conflict, now in its fourth year, and reflects the Kremlin's efforts to bolster state finances without directly taxing citizens more heavily. If approved, this tax adjustment could raise billions in revenue but may exacerbate inflation and economic strain on Russian households.

Debate over excluding professional assets from Zucman tax

October 03, 2025 由 AI 报道

France's Medef criticizes the Zucman tax by advocating exclusion of professional assets, but Gabriel Zucman counters that it would empty the tax of its substance. This controversy arises amid fiscal reforms targeting great fortunes in France. Arguments from both sides highlight tensions over taxing the wealthiest.

Sébastien Lecornu open to Zucman tax substitute

October 04, 2025 由 AI 报道

French Armed Forces Minister Sébastien Lecornu has expressed readiness to create a substitute for the Zucman tax in the 2025 budget. Nobel Prize-winning economist Joseph Stiglitz supports France implementing the tax independently. These statements come amid debates on financing defense and reducing inequality.