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Greece wants to become the place where you grow old. The Greek government plans to tempt foreign retirees to relocate to the country by offering them a flat tax rate, according to a draft law. Pensioners moving their tax residence to Greece would pay a flat rate of 7% on all sources of income, including rents, dividends and pensions. Retirees…
Barcelona has told landlords to rent out their empty apartments or risk losing their properties. Property owners without tenants could be forced to sell their properties at half the market value to the city government, which will then rent them out to lower-income residents. Cities across Europe are looking to rein in short-term letting platforms. In Lisbon, landlords can rent…
The pandemic could trigger a surge in bad debts for European banks over the next three years, says a new report from consultancy Oliver Wyman. Loan losses could amount to €400bn, according to the firm’s expected scenario in which most countries avoid a second lockdown. Should there be a second wave, then Europe’s banks may have to brace for €800bn…
Thursday, 16 July 2020 14:38

E-STONIA INVITES DIGITAL NOMADS

Estonia has launched a "Digital Nomad Visa" in the hopes of promoting the country to remote-working employees and freelancers from outside Europe. With the visa, people can stay in Estonia for one year, including up to 90 days of travel within the European Union's Schengen zone. Other countries in Europe, like Norway and the Czech Republic, already have similar visa…
Thursday, 16 July 2020 14:34

APPLE WINS $15B TAX FIGHT

A EU court has sided with Apple, awarding the tech giant a major victory in a battle over unpaid taxes. The case dates back to a decision in 2016 when the EC ruled that Ireland had given Apple an unfair tax advantage and therefore owed $14.9 billion. It was annulled by Europe’s General Court Wednesday, after the court said the…
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