NEW DELHI: In a retaliatory action, the government of Switzerland has withdrawn the application of the Most Favoured Nation (MFN) clause on Indian entities operating in the European country. The Swiss authorities took the action after the Supreme Court of India rejected automatic applicability of MFN clause under the bilateral tax treaty between the two...
Tag: Tax
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Where are Europe’s tax havens – and how are they luring in the rich?
Hungry for investment, countries in Europe are competing to attract and retain the wealthy. Euronews Business explores the tax perks on offer, along with the pushbacks against them. ADVERTISEMENT The top rates of statutory personal income tax in the EU have stopped declining since the 2008 financial crisis, according to the EU Tax Observatory. Instead,...
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Swiss village considers daytripper tax to curb overtourism
The fee would not apply to those who arrive by public transport. ADVERTISEMENT Lauterbrunnen is a bucolic mountain village set in the natural scenic splendour of the Alps. With velvet green valleys, towering cliffs and the sublime 300m-high Staubbach Falls, the area is an Intagrammable idyll. Visitors now come in their droves, and the 2,400-resident-strong...
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All the countries where you have to pay a ‘tourist tax’ in 2024
From the Algarve to Barcelona, fees are being introduced to try and combat overtourism. ADVERTISEMENT Overtourism could have been 2023’s word of the year in the travel industry. News of the negative impacts of too many tourists was everywhere. The world’s most popular destinations, like Venice, Barcelona and New Zealand, are struggling to keep visitor...