european

Capital allowances play a significant part in a nation's corporate tax base and can influence investment choices, having a significant impact on the economy even if they are occasionally disregarded in talks about corporate taxation.

To help pay down the EU's accumulated debt from funding the post-pandemic economic recovery, the EU is considering implementing a new wealth tax on its member states. Most European Union member states have done away with their net wealth taxes over the past three decades because of the harm they did to long-term economic growth, innovation, and entrepreneurship.

Only three weeks into Spain's EU Council chair, Pedro Sánchez, the country's prime minister, shocked everyone by announcing an immediate election on July 23. These elections might be Spain's final chance to enact pro-growth tax measures at the national level and as the rotating president of the Council, especially before the European Parliament elections, so the stakes are high.