CashNews.co Country Standard VAT Rates Reduced VAT Rates VAT rate in Austria The standard VAT rate is 20% Austria applies a 13% intermediate VAT rate to certain supplies, including domestic air travel, while a reduced VAT rate of 10% is applied to supplies such as rental of real estate. VAT rates in Albania The standard […]
CashNews.co Published : 11 hours agoon 02/12/2024 ROME (Reuters) – Italy’s economy stagnated in the third quarter from the previous three months due to a slump in exports and investments, national statistics bureau ISTAT said on Monday, confirming provisional data. On a year-on-year basis, third quarter gross domestic product was up 0.4%, also confirming ISTAT’s […]
CashNews.co ROME (Reuters) – The Italian government is ready to use its special vetting powers if UniCredit’s takeover bid for smaller rival Banco BPM goes against the national interest, the prime minister said on Monday. “This is a market operation … the government has instruments to intervene should it find that the deal, let’s say, […]
CashNews.co ROME (Reuters) – Italy’s economy stagnated in the third quarter from the previous three months due to a slump in exports and investments, national statistics bureau ISTAT said on Monday, confirming provisional data. On a year-on-year basis, third quarter gross domestic product was up 0.4%, also confirming ISTAT’s flash estimate on Oct. 30. The […]
CashNews.co By Giuseppe Fonte, Gavin Jones and Alvise Armellini ROME (Reuters) -Italy’s tax system is skewed in a way that lets society’s wealthiest 7% pay proportionately less tax than low and middle-income earners, a new study shows, fuelling inequality and hurting public finances in one of Europe’s most indebted nations. In advanced countries, the rich, […]
CashNews.co (Bloomberg) — It’s olive season in the hills around Rome, where a century-old family business upgrading its machinery showcases both the fruits and shortcomings of Italy’s efforts to spend European Union cash. Most Read from Bloomberg Pierluigi Ceccarelli plans to use his slice of €100 million ($106 million) in EU funds set aside for […]
CashNews.co https://www.tipranks.com/news/the-fly/stellantis-reduces-car-output-in-italy-due-to-waning-ev-sales-bloomberg-says Stellar (STLA) is reducing its output in Italy starting next week, citing waning EV sales in Europe and poor demand for luxury cars in the U.S. and China, Alberto Brambilla of Bloomberg reports. The automaker plans to suspend production at its Mirafiori site in Turin from December 2 until January 5. The half […]
CashNews.co By Tom Sims, John O’Donnell and Valentina Za MUNICH/FRANKFURT/MILAN (Reuters) – Just days before UniCredit CEO Andrea Orcel set his sight on a takeover target in Italy, more evidence emerged of fierce resistance to his interest in German flagship lender Commerzbank. A group of customers from Germany’s corporate elite pleaded with Commerzbank’s CEO to […]
CashNews.co (Bloomberg) — First Ireland, then Portugal and Spain, and now Greece. One after another, countries at the heart of Europe’s debt crisis more than a decade ago are outshining France, as its standing as a safe-and-stable bond market disintegrates. Most Read from Bloomberg As the political crisis in Paris drags on, the question on […]
CashNews.co The Lufthansa logo can be seen on an airplane at Frankfurt am Main Airport, while another Lufthansa passenger plane takes off after take-off. Arne Dedert/dpa The European Commission has authorised the entry of Germany’s Lufthansa into Italian state-owned ITA Airways after more than a year of negotiations. With the package of remedies proposed by […]