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
Month: January 2023
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
In this article BBBY AMC GME Follow your favorite stocksCREATE FREE ACCOUNT A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images A group of highly speculative stocks rallied double digits on Wednesday as retail investors pushed meme
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
Scott Olson | Getty Images You may face long odds of hitting the Mega Millions jackpot — now worth $1.35 billion — but the taxman is always guaranteed a slice when there’s a winner. The jackpot jumped again after no ticket matched all six numbers drawn Tuesday night to land the grand prize. If won
A sign advertising home loan rates for purchase or refinancing at a Bank of America in New York. Scott Mlyn | CNBC After rising at the end of the year, mortgage rates dropped sharply last week. That drove demand from current homeowners hoping to save on their monthly payments, but it did little to excite
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Disney is making some changes at its theme parks this year, prompted by feedback from guests who have complained about rising prices and longer wait times. In a letter
Morgan Stanley’s Mike Wilson is telling investors to brace for a winter downdraft. He warns S&P 500 is vulnerable to a 23% drop — bringing it to 3,000. “Even though a majority of institutional clients think we’re probably going to be in a recession, they don’t seem to be afraid of it,” the firm’s CIO
South Korea on Tuesday hit back at claims that its Covid rules for Chinese travelers are “discriminatory,” saying more than half of its imported cases are coming from China. In a response to CNBC, Seung-ho Choi, a deputy director at the Korea Disease Control and Prevention Agency said that up to 80% of “imported confirmed
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
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
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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