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Dramatic illustration of France's high-income tax revenue shortfall, showing meager 400M euros vs. expected billions, with evading wealthy figures.
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Budget: fiasco of the high-income tax

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The differential contribution on high incomes, created in 2025, brought in only 400 million euros, nearly five times less than expected, according to the Ministry of Economy and Finance. This tax, aimed at ensuring a minimum 20% taxation for the wealthiest, was largely circumvented by targeted taxpayers. It highlights the challenges in effectively taxing very high incomes in France.

Rasha Abdel Aal, head of the Egyptian Tax Authority, announced a second package of 26 tax facilitation measures focused on supporting compliant taxpayers through faster VAT refunds and simplified procedures. She spoke at a conference with the Austrian Chamber of Commerce, emphasizing partnerships with civil society. The package aims to boost voluntary compliance and build trust.

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The Union Budget 2026 has modified the tax exemptions available on Sovereign Gold Bonds (SGBs). Previously, individual investors were exempt from capital gains tax if they held the bonds until maturity. Now, this benefit is restricted to specific situations.

在经济增长和区域协议的背景下,专家们认为菲律宾旅行税是一种时代错误的负担,应该逐步取消。这种税源于1950年代的历史,已不适应当前时代。其收入并未有效用于旅游业,引发了菲律宾人的不满。

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The National Association of Electricity Generators (Andeg) warned that Decree 0044 of 2026 from the Ministry of Finance jeopardizes the financial stability of the energy sector by imposing a 2.5% parafiscal contribution and a 12% energy contribution. The guild, led by Alejandro Castañeda, labels the measure as confiscatory and legally flawed, requesting review by the Constitutional Court. The decree aims to fund interventions in companies like Air-e, which has been under intervention for over 17 months.

Ethiopia's tax authorities introduced QR code receipts to modernize administration and curb evasion, aiming for greater transparency and digital issuance of documents. However, the rollout has created severe bottlenecks, paralyzing business operations and eroding trust in the system. Traders are rushing to printing enterprises in Addis Ababa to comply.

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In a follow-up to earlier announcements on Egypt's second tax facilitations package, Rasha Abdel Aal, head of the Egyptian Tax Authority, launched a new consultation platform at an American Chamber of Commerce conference, enabling businesses to provide input on tax policies during ongoing societal dialogues.

 

 

 

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