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The French government plans to increase the environmental tax on airline tickets, starting in 2020, Deutsche Welle reported. The new environmental fee will vary from 1.5 to 18 euros, depending on the type of ticket. So, the tax for economy class tickets will be 1.5 euros. The economy class flight outside Europe will be taxed at 3 euros. The tax for business class flights will be 9 euros in France and Europe. Its size will increase to 18 euros outside the EU. These measures will add about 182 million euros to the French budget. It is planned that these funds will be used to implement environmentally friendly projects for the construction of railways. According to Deutsche Welle, Belgium and the Netherlands have similar plans.
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
The economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
Bank Indonesia on Thursday has decided to cut its benchmark rate for the third time this year with signals that it may ease further. The central bank of SouthEast Asia’s largest economy will cut the 7-day reverse repurchase rate by 25 ...
On Tuesday, the International Air Transport Association (IATA) announced that international airlines are in line to make a combined net loss of more than $84 billion this year due to the coronavirus crisis which has decimated air travel demand. According ...
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