Friday

29th Mar 2024

Ticker

OECD: Belgium charged highest wage taxes in 2018

At 52.7 percent, Belgium charged the highest average tax on wages in 2018, according to figures released by the OECD on Thursday. Despite a lowering of taxes in Belgium (1.09 percentage points compared to 2017), the country still taxed wages higher than Germany (49.5 percent), Italy (47.9 percent), Austria and France (47.6 percent). The UK (30.9 percent) and Ireland (32.7 percent) were charging the lowest taxes among EU countries.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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