Frustrated by rising prices and inconsistent quality, consumers are turning away from traditional restaurants. From fast food to delivery, delis, and meal kits, alternative dining options have become a staple in their daily lives.
Tag: tax
While busy delivering the best international journalism, the Worldcrunch team also stumbles on a fair deal of downright strange stuff happening around the world, reported in every language.
Chalets in Courchevel, villas on the Cap d’Antibes peninsula, yachts and valuable paintings are in the sights of the Ministry of Economy’s task force. But in this game of cat and mouse through a maze of offshore companies, nominees and trusts, oligarchs are often one step ahead.
The pandemic and subsequent closing of the border with Ceuta, a Spanish enclave in Morocco, put an end to the ‘atypical trade’ that sustained the Fnideq region.
Countries like Argentina, Chile and Mexico have begun charging a value added tax (VAT) on digital purchases. But that may just be the tip of iceberg, especially if governments can reach a regional consensus.
The COVID-19 economic crisis has pushed the top Italian club to ask for tax payments to be deferred. It needs to pay coach Antonio Conte’s salary of 1 million euros … per month!
In Latin America, where half of all jobs are off the books, businesses can’t tap into the vast and potentially valuable resource of data to usher in digital transformation.
To mitigate the high economic costs of the pandemic, it’s time to demand greater contributions from those who can afford to pay.
MOSCOW — Last month, the Interior Minister of Cyprus Constantinos Petrides announced the revocation of 26 “citizenships by investment” that had been granted before stricter criteria of this program was introduced in 2018. Though Petrides refused to name those who had lost their so-called “golden passports’, Kommersant has recently revealed some of the names on […]
Chileans are fairly well off, but only in comparison to their Latin American neighbors. The country’s success has also bred greater expectations.
Democratic candidates Elizabeth Warren and Bernie Sanders have both taken ideas straight from US-based French professors Gabriel Zucman and Emmanuel Saez.
-Analysis- PARIS — Did they really have to set France on fire for just a few cents? More than eight weeks after it began, the revolt of the “yellow vests’ still seems hard to grasp. For extremists on all sides who happily fanned the flames, it looked like the much-awaited beginning of the great revolution, […]
-OpEd- PARIS — Public opinion was outraged, and rightly so, by revelations from the so-called Paradise Papers investigation and the publication, before that, of the Panama Papers. But no one ever questions the root causes of these tax scandals. It’s not enough to complain and condemn. We must deal with the root causes of the […]
Beverage companies have responded to the planned tax by reducing the sugar content of their drinks.
French authorities agreed to help the U.S. crack down on tax evaders. But in doing so, people who just happened to be born on American soil face massive penalties and reams of red tape.
-OpEd- MUNICH — We are making the world a better place: That has been a central promise that helped Silicon Valley’s Internet giants seduce the public, on their way to gaining unprecedented power over our lives. That vow remains at the heart of the message of Mark Zuckerberg and his company Facebook. The goal, as […]
This week’s overhaul of the U.S. tax code is a betrayal of a century of progressive reforms, and a return to the morally corrupt dominance of the robber barons.
With the arrival of tech-heavy, self-driving vehicles, makers of traditional cars will have to adapt. But so too will everyone from real estate agents to insurers and tax collectors.
-Analysis- BENGALURU — The patient was the Indian economy. Among the 176 countries that have been ranked by Transparency International on a scale from 100 (very clean) to zero (highly corrupt), India ranks in the second half of the list at 79, with illegal money of sizeable proportions. The central government, which was elected on the promise of a cleaner government, is worried about coming to power again. With the impending election two years away, it had to do something drastic: a much-dreaded surgery with uncertain consequences. That was the November 2016 decision of removing Rs 500 and Rs 1000 […]
Electric cars are becoming a significant percentage of cars on the road in Norway. But are they really the future?
Led by Brazil, much of the region is mired in deep corruption scandals. But revelation also shows that public institutions are fighting back.
With its new president, the United States may now become a massive new fiscal haven for global companies. But France, with its own upcoming elections, could lead Europe in undermining Trump’s plans.
CORK — On a December morning, as my plane pierces the ceiling of clouds and begins its descent toward the airport of Cork, my eyes are drawn to the flocks of sheep spread across the green fields below. It’s hard to imagine but this seemingly rural backdrop in southern Ireland houses the European headquarters of […]
BEIJING — Chinese people watching American television series are exposed to an enviable image of an average middle class American family. Bound for a leafy neighborhood in the suburbs, a Chevrolet leaves the bustling city and rolls into the driveway of a wooden home on a quiet street. Two or three kids are playing on […]
SÃO PAULO — She has an automatic SUV; he has a normal five-speed sedan. She drives to make a bit of money on the side; he does it for a living, 12 hours a day. She’s an Uber driver; he’s an old-fashioned cabbie. As such, they stand on opposite sides of what has been a […]
Despite some hopes inside and outside of Greece that a political coalition will emerge in Athens to lift the country out of crisis, the nation’s deeper forces do not bode well.
The U.S.-based Seasteading Institute is pursuing the notion of “startup governments” and the opportunity for like-minded people to live in shared offshore communities. Could man-made island colonies be our future?
The Church is hugely wealthy and exempt from almost all taxes. But its charitable works are crucial in Greece, ravaged by financial crisis and an inept public sector.
It is time to start asking harder questions about the world’s largest company, both how it runs its business and how it conditions our lives.
ATHENS — In her beautiful Athens offices, billionaire Gianna Angelopoulos nurses a large cigar and calls it like she sees it on the promise of the radical-left Syriza party to levy new taxes to avoid the country going bankrup. “It’s gonna take balls,” says the 60-year-old. The wealth of her and husband Theodore is estimated […]
A hard European retort to an attitude that extends from Silicon Valley to the White House, which says that the United States’ dominance in new technology should give it free license abroad.
Japan has slipped into recession, the ultimate mark of failure of Prime Minister Shinzo Abe’s ambitious but misguided efforts to turn around the nation’s economy.
NEW YORK — Because of several successive business trips plus my holiday in the United States, I have been living from one hotel to another for more than two weeks. Obviously I’m also obliged to dine out. What this means in terms of personal finances is that even before paying the hotel or restaurant bills, […]
After top tech companies were shown to be dodging taxes in several European countries, similar questions have now emerged in Israel. An exclusive from top Israeli business daily Calcalist.
REUTERS, BLOOMBERG Worldcrunch NICOSIA – Global markets tumbled Monday as new doubts spread about the solvency of the eurozone with the Cypriot government preparing to impose a new levy on bank deposits in order to qualify for bailout funds. Finance ministers in the eurozone Sunday had demanded that Cypriots pay up to 10% of their […]
LE MONDE, EUROPE 1 (France) Worldcrunch MOSCOW- The Kremlin has issued a press release stating that Vladimir Putin had signed a decree on Thursday granting French movie legend Gerard Depardieu Russian citizenship if he ever needed it. The actor confirmed it to his friends in a Parisian restaurant Tuesday: “Putin has already sent me a […]
BEIJING – The tale of Cao Tian, a wealthy real estate developer from the Western city of Zhengzhou, has captured the attention of many Chinese. But it’s not, as one might have imagined, for his business success or personal riches. It all started when Cao Tian first announced his intentions last year to run for […]
SÜDDEUTSCHE ZEITUNG, DIE WELT (Germany) Worldcrunch MUNICH – New details have emerged Friday of a vast police raid this week against Deutsche Bank in an ongoing tax evasion case. Some 500 state prosecutors, tax and crime investigators were involved in the Wednesday raids on Deutsche Bank offices in Frankfurt and branches in Berlin and Düsseldorf. […]
One estimate is that some 150 billion euros have been stashed in secret Swiss accounts.
MOSCOW – At the beginning of November, Russian automaker executives testified in front of the Trade and Industry Ministry about a network of sites around the country they had set up to allow car owners to drop off unwanted cars for recycling. It was the first sign in a move towards the creation of a […]