Europe’s Pharma Industry Braces for Pain as Trump Tariff Threat Looms
Medicines and chemicals are huge exports for European Union countries. That makes the sector a weak spot as trade tensions drag on.
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Medicines and chemicals are huge exports for European Union countries. That makes the sector a weak spot as trade tensions drag on.
A manuscript discovered in the Judean desert contains trial notes on an intricate tax-evasion scheme that involved forgery, fiscal fraud and the false sale of slaves.
Republicans pushed through their blueprint for tax and spending cuts after Democrats forced them to cast politically painful votes into the early morning on every element of President Trump’s agenda.
Christian Lindner triggered early elections last fall with a move meant to save his party. It brought chaos at an inopportune time. But will it work out?
Despite facing significant economic challenges, the fiscal stability of EU Member States has demonstrated resilience in recent years.
Cryptocurrencies have grabbed the headlines as they have boomed and dwindled. However, many people do not know what lies behind them and how they work. And their ups and downs are a reminder of how asset values can fluctuate and of the volatility of markets.
In 2022, there were more than 24 million small and medium-sized enterprises (SMEs) active in the EU, representing around two thirds of private sector jobs (85 million people) and 99 % of all businesses in the EU.
When discussing the international taxation framework, two main principles determine the right of taxation in today’s globalised economy:
• The source principle: a country has the right to levy taxes on income arising in that country (‘the source country’).
• The residence principle: a country has the right to levy taxes on income received by residents of that country (‘the residence country’).
The importance of a well-functioning and fraud-proof VAT system for public budgets cannot be understated.
The proposal would ban all single-use, disposable vapes, halt the importation of nonprescription vapes and restrict certain flavors, colors and ingredients.