Latest in Tag: tax Highlight

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Latest in Tag: tax

Egypt gas agreements: from production sharing to tax/royalty

All oil exploration and production concession agreements in Egypt have been operating according to Production Sharing Agreements since 1973. This was a shift from the tax/royalty system towards equal sharing agreements concluded between the government, represented by the Egyptian General Petroleum Corporation (EGPC), and foreign companies, with a view to reduce the pressure on the …

Nagy Iskander

EU to grill McDonald’s over Luxembourg tax deal

Europe’s top competition watchdog could be looking to take a big bite out of the world’s largest fast-food chain as it launches a full-blown investigation into McDonald’s dubious tax dealings with Luxembourg. European Competition Commissioner Margrethe Vestager on Thursday announced she was probing whether the Grand Duchy had granted the US multinational “advantageous tax treatment …

Deutsche Welle

Greenpeace urges higher tax on German diesel

Environmental group Greenpeace has demanded an end to lower taxes for diesel. The call comes after a study showed higher measurements of pollutants in a number of German cities. Greenpeace said the financial privileges enjoyed by diesel were no longer sustainable, citing its own survey of public opinion. While diesel engines generally have lower carbon …

Deutsche Welle

Living with Greece’s new tax increase

How are Greeks dealing with the country’s new value-added tax? Where are they cutting corners? As Marinathi Milona reports from Thessaloniki, many Greeks feel the increase is the right plan at the wrong time.

Deutsche Welle

United Bank to allow paying taxes, customs through branches

The United Bank will introduce in all branches a service for paying all government dues, such as individual and company taxes and customs, the bank’s chairman Mohamed Ashmawy revealed Thursday. The move comes in cooperation with the Ministry of Finance. Ashmawy stressed the significance of enhancing electronic payments in Egypt, instead of depending on traditional …

Daily News Egypt