TaxRevenue

New Zealand Faces Economic Downturn: Treasury Warns of Tax Revenue Pressures

1 month ago

In a startling update from the New Zealand Treasury, projections indicate a more severe economic downturn than previously anticipated, leading to significant pressures on tax revenue. This news, revealed in the latest economic forecasts, is causing concern among policymakers and analysts as the nation grapples with a slowing economy.

Ireland's Credit Rating Outlook Upgraded: Positive Signs from Tax Revenue Surge

1 month ago

In a significant development for Ireland's financial prospects, S&P Global has upgraded the country's credit rating outlook from stable to positive, spurred by a notable increase in tax receipts. This update reflects the robust state of Ireland’s economy, particularly its public finances, which have shown resilience amid global economic fluctuations.

Poland Faces Budget Deficit Challenges Amidst Tax Shortfalls and Flood Recovery Costs

2 months ago

Poland's government has announced a significant widening of its budget deficit for 2024, attributing the increase to a combination of reduced tax revenues and the financial impact of recent flooding across the country. As the economic climate continues to evolve, the Polish administration is grappling with the challenges posed by these factors, which threaten the stability of public finances.

Germany's Tax Revenues Face $12.6 Billion Dip by 2028 Amid Economic Downturn

2 months ago

Germany's financial landscape is projected to experience a significant shift, as new forecasts indicate a staggering shortfall of €12.6 billion ($13.4 billion) in tax income by the year 2028. This anticipated drop is attributed to a combination of factors, including sluggish economic growth and heightened inflation rates that have begun to take their toll on the nation’s fiscal health.

Italy Set for a €4 Billion Boost in Tax Inflows Thanks to New Banking Measures

2 months ago

Italy is preparing to receive a significant enhancement in its public finances, with an anticipated uplift of €4 billion in tax inflows attributed to recent measures introduced in the banking sector. This development is seen as a vital step in strengthening the nation’s economic resilience, particularly amid ongoing challenges from the EU's fiscal policies and global economic pressures.

Canada's Capital Gains Tax Revenue Expected to Decline, C.D. Howe Institute Reports

2 months ago

The C.D. Howe Institute has recently published a report indicating that Canada’s capital gains tax is projected to generate significantly less revenue in the coming years. This analysis presents a complicated picture for the Canadian economy as investors and policymakers alike must navigate the shifting landscape of taxation and investment strategies.