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Deputy Prime Minister of Italy Matteo Salvini said in an interview with Rai that the draft budget of Italy for 2019 contains the reduction of some taxes, lowering of retirement age, and a tax amnesty that would enable Italians to settle disputes with the state tax service. Due to the tax amnesty, Italian authorities hope to raise about 20 billion euros, Bloomberg reports. As noted by Salvini, the restriction on the budget deficit at the level of 3% of GDP, introduced in the EU, will not be violated in the draft budget of Italy for the next year.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
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 ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
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