Online networks are reportedly 'gamifying' violence and encouraging self-harm, targeting children in games like Roblox and Minecraft, with cases globally. Meanwhile, Iran declares 'full-scale war' with the US, and Andy Burnham becomes the UK's new prime minister, pledging to end rough sleeping.
Taiwan's unique tax system turns shopping receipts into lottery entries, incentivizing consumers to demand them and thereby improving tax compliance by encouraging businesses to report sales accurately. This over 70-year-old system has been adapted to digital invoices and inspired similar programs in other countries.
Taiwan's unique receipt lottery system, active since 1951, incentivizes consumers to request and keep receipts, thereby improving tax compliance by encouraging businesses to report sales accurately. This system has also been adopted by several other countries.
South Korea's online local tax system, including WeTax and Gov24, was normalized Wednesday after a 12-hour disruption caused by a data traffic surge during a system update for new local governments. The interior ministry extended tax filing deadlines to Friday.
India's gross Goods and Services Tax (GST) collections rose 13.9% year-on-year to Rs 1,94,812 crore in June 2026, primarily driven by a 34.6% surge in import tax revenues. Net collections increased 11.2%, with Maharashtra leading state contributions, reflecting the tax system's growing resilience.
A managing director of an independent retail business highlights the severe challenges facing small businesses, including rising costs and declining disposable income, mirroring the crisis in the restaurant industry. She calls for urgent government action to prevent widespread closures.
UK ministers are exploring a major reform of the tax system, potentially devolving billions of pounds in business rates to regional mayors. The move aims to give local leaders more control over tax revenue, reward economic growth, and address regional inequality, with proposals expected in the upcoming budget.
Italy's tax system struggles with low fiscal compliance among the self-employed, despite efforts to combat evasion. The UPB highlights inefficiencies in tax collection, particularly for local administrations, and disparities in treatment between different income types. Corporate taxes have increased, especially for banking and insurance sectors, while business incentives are seen as a disorganized complex of measures needing reform.
A new roadmap proposes dismantling poverty by redesigning economic systems, moving beyond GDP growth. It emphasizes human rights, social protection, and collective well-being within planetary boundaries, advocating for debt justice and inclusive policy-making.
The European Commission will urge Italy to adopt a robust industrial strategy, reform its tax system, and strengthen its capital market, according to a document seen by Euronews. The recommendations aim to reduce territorial disparities and boost Italian competitiveness.
The British premiership is facing unprecedented instability, with frequent PM changes hindering long-term strategy and economic progress. Unlike past periods of churn, current political fragmentation and societal divides make governing exceptionally difficult.
The EU and IMF are linking further aid to Ukraine to tax hikes and fiscal reforms. The EU is considering linking €8.4 billion of its €90 billion loan package to business tax reforms, requiring companies under a simplified tax system to pay 20% VAT once turnover exceeds €91,000. The IMF is demanding Ukraine introduce VAT on low-value imported parcels worth under €150, potentially raising $227 million annually. Failure to pass these laws could delay the IMF's June review and jeopardize related EU support.
New York Gov. Kathy Hochul and NYC Mayor Zohran Mamdani announced a proposed 'pied-à-terre' tax on non-primary residential real estate worth over $5 million, expected to raise $500 million annually. However, appraisers and attorneys warn the tax will spark costly legal battles over property valuation, as New York's antiquated property tax system dramatically undervalues co-ops and condos. About 13,000 non-primary homes would be subject to the tax, which still needs state legislature approval.
