Tale of two islands: Italy taxes holidaymakers
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Silvio Berlusconi was one of the  many billionaire holidaymakers forced this year to pay a  "luxury tax" on the island of Sardinia, to raise funds to pay  for vital services.
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TUNISâA ship carrying illegal immigrants to Italy sank off Tunisia, killing at least 22 people and leaving another 42 missing, news reports said yesterday, sharpening the debate in Italy over how to deal with hundreds of people trying to slip into
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Residents from the seaside resort of Rimini on Italy's Adriatic coast quietly admit that a short drive to nearby microstate San Marino has allowed many to hide cash from the taxman for decades.
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BRUXELLES (BELGIO) - L&#39;Unione europea si avvia a togliere le sanzioni economiche alla Libia, come piÃ¹ volte richiesto dall&#39;Italia. La Commissione Ue proporrÃ  infatti agli Stati membri, una strategia in tre
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Ipotesi cuneo fiscale differenziato e investimenti
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Viaggio negli stipendi d'Italia (e nella crisi della terza settimana)
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Italy planned to send back more illegal immigrants Monday, after hundreds of people arrived over the weekend on a tiny island off the coast of Sicily, news reports said.
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(InfoWorld) - A recent financial filing from Sandisk in Ireland illustrates the sometimes controversial nature of the corporate tax regime in the country. While Sandisk has joined scores of other companies attracted to Ireland for its low corporate tax rate, the company appears to represent an extreme example of benefiting from the tax environment. In a financial statement filed in Ireland earlier this month, Sandisk Manufacturing, the Irish subsidiary of Sandisk Corp., reported four employees and revenue of $955 million between the period when the company first opened up in Ireland, April 2005, and the end of 2005. Sandisk Corp. had 1,083 employees at the end of 2005 and reported revenue for the year of $2.3 billion. Other U.S. technology companies with offices in Ireland, such as Google and Microsoft, have also had their Irish financial reports scrutinized for generating revenues that appear out of proportion to the number of employees in the country. Google and Microsoft each employ hundreds of workers in the country. "The fact that [Sandisk has] only four people and a billion dollars makes them stick out a bit more," said John Gilsenan, an independent analyst who sometimes consults for IDC Ireland. In the Sandisk example, just four employees in Ireland out of 1,083 around the world appeared to generate nearly half of the company's revenue. The tax regime benefits the Irish government but could become a sore point for other countries. "I certainly don't think that there's any impetus from the Irish government for this to change," said Gilsenan. While the Irish government is likely pleased to earn the tax from companies like Sandisk, the governments where the companies are based might start looking for ways to ensure they can collect their fair share of taxes from the companies, he said. Ireland's low corporate tax rate dates back to the 1950s and its current 12.5 percent rate was set in the 1990s. The tax rate, far lower than in most other countries, has attracted many companies to open operations in Ireland, spurring the current economic boom in the country. In April last year, Sandisk announced plans to transfer its Europe, Middle East and Africa headquarters to Dublin and employ 50 people by the end of this year. In a statement announcing the move, it said it already had 12 people working in Dublin managing supply chain and sales support functions for Sandisk. A Sandisk spokesperson was not available to comment on its financial statement or Dublin operations.
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Italians have tightened their purse strings since the euro arrived, instead of enjoying the good life.
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Travel: Tourists spend up to Â£15,000 on bogus offers, but new laws do not come into effect until 2010.
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One can't allow in Europe that some countries say 'we're sufficiently rich to lower our taxes' -- to as low as zero in some cases -- but at the same time ask the countries of old Europe to pay structural funds ...
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The Swiss tax system is attracting businesses and celebrities, much to the irritation of its EU neighbours.
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Italy is considering imposing on-the-spot fines on prostitutes' clients, the interior minister says.
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The protest has become an annual event since Italy switched from the lira to the euro in 2002, and an association of the four largest consumer groups claimed that 75 per cent of Italians had made at least one ...
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When it comes to spending the holiday season abroad, many foreigners are excited to participate in the customs of their host country.
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Â«Taglie riforma fiscale porteranno un 2,2% in piÃ¹ di reddito. PuÃ² puÃ² diventare il motore per aumentare la fiduciaÂ». ROMA - Le famiglie italiane nel 2005 vedranno un incremento del 2,2% del proprio potere d&#39;acquisto reale.
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Norway is the most expensive country in Europe and Lithuania is the cheapest, says a report of business news service Bloomberg.