Month: January 2023

Key Findings The value-added tax (VAT) is a major source of revenue for EU countries and is one of the EU’s own resources. For Member States, it represents on average 17.8 percent of their total tax revenue. For the EU, VAT revenue represented roughly 7.5 percent of its total revenue in 2021. While the European
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In this article DAL AAL UAL LUV Follow your favorite stocksCREATE FREE ACCOUNT The Federal Aviation Administration lifted its nationwide halt of departing planes on Wednesday morning after a technology outage delayed thousands of flights, but airlines warned the issue will continue to disrupt travel throughout the day. The FAA said early Wednesday domestic departures would be paused until at
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mediaphotos | E+ | Getty Images Tax season is almost here, and there are key things to know before the IRS begins accepting individual returns, experts say.  While tax filing for business returns kicks off on Jan. 12, the IRS hasn’t announced the opening date for individual filers. Last year, the tax-filing season began on
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D3sign | Moment | Getty Images With day-to-day expenses staying high due to inflation, more Americans are relying on credit cards to make ends meet. As the personal savings rate sank near an all-time low, credit card balances jumped 15% year over year, according to the latest quarterly report from the Federal Reserve Bank of New
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In 2022, Sweden’s central bank undertook an aggressive interest rate hiking cycle that ricocheted through the property market. JONATHAN NACKSTRAND / Contributor / Getty Images Sweden’s property prices are facing a serious drop as the country’s former central bank governor warns of lofty household debt levels. House prices in Sweden have risen fairly reliably over
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Updated for tax year 2022. Campaign contributions total hundreds of millions of dollars, and they continue to rise. With this level of fundraising, one question is sure to come to mind: Are political contributions tax deductible? The short answer? No. Most political contributions, whether local, regional, or national, are not tax-deductible and haven’t been for years.
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