Paying taxes is considered to be a civic duty, and yet we often hear people moan and groan about these regular deductions - all the more so since not all forms of taxation seem to make economic sense.
And sometimes, it's tax breaks offered to some that others view as a grave injustice, because they themselves do not get the same preferential deal. This page collates recent DW content on the topic.
Parliament in Buenos Aires is set to vote on an austerity budget as part of its bailout deal with the IMF. To qualify for the 50-billion-dollar rescue package, the country has to raise taxes and cut social programs. That's painful for many citizens, and protests are ongoing.
Investors are keeping a close eye on Italy. The country’s populist government plans to increase spending while slashing taxes mean it couls break the EU’s budget rules. Italy’s credit rating was downgraded to a notch just above. Italy’s government faces a deadline to respond to an EU reprimand to keep its budget in line with the bloc’s rules. But the nerves haven’t gone away.
Within two years, Canadian market analysts tip the cannabis industry will have a retail value of $6.8 billion Canadian dollars a year – that’s more than the hard liquor market and almost as much wine sales. Provinces are set to reap a tax bonanza.
Argentine President Mauricio Macri has announced higher taxes and a major consolidation of his government in a bid to stabilize his country's economy. But trade unions are already vocal in protesting reforms, meaning a political crisis could follow on the heels of the economic turmoil.